Kolkata: LG Electronics IPO that is opening today, October 7, by flagging off the bidding process has already ensured a rousing start to the new issue with an enthusiastic participation from anchor investors and a GMP (Grey Market Premium) that is constantly rising over the past few days. The issue has been designed to raise Rs 11,607.01 crore only through OFS (offer for sale) shares, the proceeds of which will not accrue to the company.

LG Electronics India has already raised Rs 3,475 crore from anchor investors, the list of which has names such as the Singapore government, Goldman Sachs, Fidelity Funds, BlackRock Global Funds, Abu Dhabi Investment Authority and Government Pension Fund Global, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance Company, HDFC

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