LG Electronics India, the home appliances and consumer electronics manufacturer, has raised Rs 3,474.9 crore from 149 anchor investors on October 6, a day before its Rs 11,607-crore IPO opening for public.

The initial public offering (IPO) comprises of entirely offer-for-sale of 10.18 crore equity shares by Korean parent LG Electronics Inc, which means the entire offer proceeds (excluding issue expenses) will be received by promoter.

The IPO will open for public subscription on October 7 and close on October 9. The price band for the offer is Rs 1,080-1,140 per share.

LG Electronics , which is valued at Rs 77,380 crore, has finalised allocation of 3.04 crore equity shares to anchor investors at the upper price band.

Marquee global names like Goldman Sachs, Fidelity, BlackRock, Abu D

See Full Page