LG Electronics India IPO Opens Today: The much-awaited Rs 11,607 crore initial public offering (IPO) of LG Electronics India opened for subscription on October 7 and will close on October 9. The IPO has a price band of Rs 1,080–1,140 per share, valuing the company at around Rs 77,400 crore at the upper end of the range.

LG Electronics India IPO details

The issue is entirely an offer for sale (OFS) of 10.18 crore shares, representing around 15% stake in the company. This means that the Indian subsidiary will not receive any proceeds from the IPO; the funds will go to the South Korea-based parent company.

Retail investors can bid for a minimum of one lot (13 shares), requiring an investment of Rs 14,820 at the upper price band. For small non-institutional investors (sNIIs), the minimum a

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