The initial public offering (IPO) of LG Electronics India was fully subscribed on its first day, primarily driven by non-institutional investors (NIIs). The ₹11,607-crore IPO attracted bids for 7.45 crore shares, surpassing the 7.13 crore shares available, resulting in a subscription rate of 1.04 times.
The IPO, with a price band set between ₹1,080 and ₹1,140, is set to close this Thursday. The portion reserved for NIIs saw a strong response with bids received for 2.31 times the allotted shares, while the retail investor segment was subscribed at 81 percent, and qualified institutional buyers (QIBs) at 49 percent. Employee participation was also notable, with subscriptions reaching 1.87 times for their designated quota.
On Monday, the company secured approximately ₹3,475 crore from anchor investors, encompassing a range of local and international funds, including various pension and sovereign funds. Domestic institutional investors included 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. Global participants comprised the Government of Singapore, the Monetary Authority of Singapore, Fidelity Funds, BlackRock, the Abu Dhabi Investment Authority, among others.
This IPO consists entirely of an offer-for-sale of 10.18 crore shares, which accounts for roughly 15 percent of the company, offered by its parent company based in South Korea.
In a related development, Tata Capital’s ₹15,512 crore IPO, priced between ₹310 and ₹326, had received bids for 75 percent by the end of its second day. The subscription rates were led by QIBs at 0.86 times, followed by NIIs at 0.76 times and retail investors at 0.67 times. The company has allocated 12 lakh shares for employees, which have been subscribed 1.95 times.
Tata Capital has also reserved ₹4,642 crore worth of shares for anchor investors prior to the IPO, with notable participants including LIC, HDFC Mutual Fund, and ICICI Prudential Mutual Fund, alongside global giants such as Goldman Sachs and Morgan Stanley.
Published on October 7, 2025.
