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LG Electronics Share Price Highlights: LG shares end 48% higher over IPO price; analysts remain bullish | Stock Market News
LG Electronics share price Highlights: LG Electronics IPO shares listed on the Indian stock market at a bumper premium of 50% over the issue price, beating analyst and grey market expectations.
LG Electronics share price list at ₹1715 on the BSE and ₹1,710 on the NSE as against the issue price of ₹1140 apiece.
According to investorgain.com, the LG Electronics ipo gmp today is ₹430. This is the highest GMP for LG Electronics IPO, signalling a listing gain of 38% for the IPO investors.
LG Electronics IPO Subscription Status
LG Electronics IPO witnessed an overwhelming response, receiving 54.02 times subscription on the final day of bidding. The surge in demand was largely driven by strong interest from institutional investors.
According to data from the National Stock Exchange (NSE), the IPO received bids for 3,85,33,26,672 shares, compared to 7,13,34,320 shares on offer.
The Qualified Institutional Buyers (QIBs) category saw the highest interest, getting subscribed 166.51 times. The Non-Institutional Investors (NIIs) segment was subscribed 22.44 times, while the Retail Individual Investors (RIIs) portion was subscribed 3.54 times.
The IPO, worth ₹11,607 crore, was offered in a price band of ₹1,080 to ₹1,140 per share, valuing the company at around ₹77,400 crore at the upper end of the range.
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