LG Electronics Share Price, IPO Listing, GMP Live Updates: The countdown has begun for the much-awaited market debut of LG Electronics India. After a strong response from investors during the subscription window, the company is all set to make its stock market debut on October 14. With all these processes, all eyes will now be on how the stock performs on listing day.
Let’s take a look at key factors to watch out for ahead of the listing –
LG Electronics IPO: Listing and allotment timeline
The allotment of shares of the LG Electronics IPO was finalised on October 10.
Successful applicants are expected to receive shares in their demat accounts by October 13, a day before the stock lists on the BSE and NSE. The three-day offer opened on October 7 and closed on October 9.
LG Electronics IPO: Grey market premium
The GMP or the grey market premium for LG Electronics shares stood at Rs 370 ahead of listing. Based on the upper price band of Rs 1,140, this indicates a potential listing price of around Rs 1,510 per share, or a premium of over 32%.
LG Electronics IPO: Subscription numbers
The IPO attracted bids for 385 crore shares, against 7.13 crore shares on offer. This translates to a subscription of 54.02 times, one of the highest in the segment this year. The total bid amount stood at Rs 4.4 lakh crore.This is one of the largest in the history of IPOs in India.
LG Electronics IPO: Structure and price band
The public issue was a pure offer for sale of over 10.18 crore shares, with the South Korean parent LG Electronics Inc. offloading its stake. The price band was fixed between Rs 1,080-1,140 per share.
Out of the total shares offered, around 2.03 crore were reserved for qualified institutional buyers, 1.52 crore for non-institutional investors, and 3.55 crore for retail investors.
Live Updates
LG Electronics Share Price, IPO Listing LIVE: Check here Live Coverage on LG Electronics IPO Listing, GMP, Share Price, Price Band, Review
