The initial public offer (IPO) of LG Electronics India, a subsidiary of LG Electronics Inc., Korea, a leading player for single brands, still has a healthy question witness to the second day of the bid. The IPO of the LG Electronics India, which remains open until Thursday, October 9, received bid for 23.73 crore shares against the total offer of 7.13 crore shares, which, according to the Exchange data, resulted in a 3.33 -year -old subscription. The portion of the non-institutional buyers still showed strong interest, with the 7.60 times subscription. The retail portion was also discussed 1.91 times, while the employee segment showed significant enthusiasm, which was subscribed to 4.12 times. The QIB segment was booked 2.59 times. LG Electronics India IPO Details The LG Electronics India IPO is a book-built edition worth £ 11,607, which consists entirely of an offer for sale (OFS) from 10.2 crore shares. The price tape for LG Electronics India IPO has been set between £ 1.080 and £ 1.140 per share. Retail investors can apply for a minimum of 13 shares in one lot and up to 13 lots. At the top of the price band of LG Electronics India IPO, £ 1.140 per share, retail investors must make a minimum investment of £ 14.820 per lot. The returns of the IPO will not be used by LG Electronics India, but will help the promoter unlock value of its investment in the business. LG Electronics currently operates two manufacturing units in Noida and Pune, with a total capacity to produce 1.45 crore products annually and a total capacity utilization rate of about 77% for FY25. LG Electronics IPO As part of its expansion plans in India, the company intends to establish a third manufacturing facility in Andhra Pradesh with an £ 5,000 investment at the financial front, the performance of LG was strong, with a top growth of 10.8% Cagr and Pat -Growth of 28% Cagr between FY25. During the same period, margins expanded by 320 bps, with the FY25 Ebitda margin at 12.8%, according to domestic brokerage firm Nirmal. GMP indicates more than 27% Premium today, the Gray Market Premium (GMP) for the LG Electronics India IPO stands at £ 298 per share, which indicates that the share is likely to list above the issue price. Based on this GMP and the upper price tire, the estimated listing price is £ 1.438, which reflects a premium of 26.14% against the upper edition price of £ 1.140 per share. The GMP represents the expected difference between the IPO’s issue price and the expected list price in the non -official market. However, it is important to note that the GMP is merely an early indication and that the only factor should be relied on in investment decisions. About LG Electronics India LG Electronics India is one of the leading players in the most important home appliances and consumer electronics segment (excluding cell phones) in India, which mainly cater for the offline channel. The company holds a leading position on product categories such as washing machines, refrigerators, panel TVs, air conditioners and microwaves. Refrigerators contribute 27% of the company’s FY25 revenue of £ 24,367 crore, followed by washing machines and air conditioners, which account for 21% and 22% respectively. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.
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