Shares totaling approximately ₹3,475 crore were allocated to anchor investors in LG Electronics’ initial public offering (IPO), according to a notification from the exchanges. The IPO committee, in consultation with the book-running lead arrangers, finalized the distribution of over three crore shares to anchor investors at a price of ₹1,140 per share.
The anchor investors included a range of local and global funds, encompassing both pension and sovereign funds. Prominent local investors featured SBI Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, ICICI Prudential Mutual Fund, and Nippon Life India Mutual Fund.
On the global front, notable participants included the Government of Singapore, the Monetary Authority of Singapore, Fidelity Funds, BlackRock, and the Abu Dhabi Investment Authority, along with several others. Nearly half of the total investment, amounting to ₹1,698 crore, was allocated to 26 domestic mutual funds that applied through a total of 84 schemes.
LG Electronics’ IPO is set to open on October 7, with a price band ranging from ₹1,080 to ₹1,140 per share.
Published on October 6, 2025.
