LG Electronics IPO shares have entered the Indian stock market with a 50% premium over the issue price, exceeding the analyst and Gray market expectations. The shares were opened on the BSE at £ 1.715 and £ 1,710 on the NSE, compared to the edition price of £ 1140 per piece. Apart from the opening of the Bumper, LG managing director Hong Ju Jeon, whom he delivered in Hindi, was LG India’s managing director, which he delivered in Hindi. He started his speech with the traditional Hindi greeting, ‘Namaste.’ The South Korean Managing Director of LG Electronics India has just gone a short greeting; He delivered the entire speech in Hindi and ended with Dhanyawaad. Look here at his speech-netizens responding Hong Ju Jeon’s speech went on social media viral, with Netizens praising his Hindi-speaking skills. One of the users said, “Surprisingly. Kudos 👏 to the effort that is in the pit. Most will stop saying Namaste.” Another added: ‘MD Hong Ju Jeon who spoke in Hindi (could have chosen Korean or English) very healthy. “” If my IPO 50x+ is subscribed to South Korea, you can bet I will also speak Korean smoothly, “an X user said. LG Electronics IPO The LG Electronics IPO, worth £ 11,607 crore, was priced within a group of £ 1.080 to £ 1.140 per share and valued at the top of about £ 77,400. This is the second South Korean company listed on the Indian stock market, following Hyundai Motors India Ltd’s debut in October last year. The IPO received a special response, with a total subscription of 54.02 times on the final bid day. This great demand was mainly fueled by strong participation of institutional investors. Based on data from the National Stock Exchange (NSE), the IPO has received bid for 3,85,33,26,672 shares, compared to 7,13,34,320 shares offered. The category of qualified institutional buyers (QIBS) attracted the most interest, with a subscription rate of 166.51 times. The non-institutional investors (NIIS) segment were subscribed to 22.44 times, and the retail individual investors’ segment (RIIS) saw a 3,54 subscription. 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.
Viral Video: LG Electronics India MD Hong Ju Jeon Speak NSE listing ceremony in No
