LG Electronics India IPO: Consumer Appliances Firm Increases £ 3.475 Crore from Anchor Investors before the public edition

LG Electronics India IPO: LG Electronics India Ltd, the Indian arm of South Korea’s LG conglomerate, said on Monday that it increased £ 3,475 of anchor investors before the initial public offering (IPO). The electronic manufacturer has awarded a total of 30,481.539 shares to 149 funds to the Anchor Investors at an £ 1.140 per share awards price, the company notified BSE in an exchange filing. The Government of Singapore, Goldman Sachs, Fidelity Funds, Blackrock Global Funds, Abu Dhabi Investment Authority and Government Pension Fund Global are among the anchor investors, according to a circular uploaded to BSE’s website. Domestic Institutional Investors, including SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance Company, HDFC Life Insurance Company and ICICI Prudential Life Insurance Company. LG Electronics India Latest GMP On Monday, October 6, the Gray Market Premium (GMP) of the LG Electronics India IPO stood at 10:35 a.m. £ 322 per share. With the upper price tire at £ 1.140 per share, the company’s shares are expected to be listed at £ 1.462, with a premium of 28.25 percent, according to InvestorGain data. LG Electronics India IPO details LG Electronics India’s £ 11,607-Crore Scholarship is open for subscription from October 7 to 9. The price range was determined between £ 1.080 and £ 1.140 per share, which the company appreciated at about 77,400 crore. This is the second South Korean company entering the Indian stock market, after Hyundai Motors India Ltd in October of the previous year. The IPO consists exclusively of an offer-for-sales of 10.18 Crore shares, which make up about 15 percent of the interest by the South Korea-based parent company. As far as the award is concerned, 50 percent are named for qualified institutional buyers (QIBs), 35 percent for retail investors, and the rest 15 percent for non-institutional investors. LG Electronics India is likely to be listed on the stock market on October 14. About LG Electronics India LG Electronics India is a prominent leader in large home appliances and consumer electronics. Its products are available for both B2C and B2B customers in India and internationally. In addition, the company offers installation, repair and maintenance services for all its products. The company manufactures and sells different products, such as washing machines, refrigerators, LED TV panels, air conditioners and microwaves. The manufacturing facilities are located in Noida (UP) and Pune. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions, as market conditions can change quickly, and conditions can vary.