LG Electronics IPO GMP: LG Electronics India Ltd, the local arm of South Korea’s LG conglomerate, opens its initial public offering (IPO) for public subscription today, i.e., Tuesday, October 7. The IPO will remain open for public subscription until October 9. Its allotment will be finalised on October 10, while the listing will likely take place on both the NSE and the BSE on October 14. As of Day 1 around 11:00 AM, LG Electronics India Limited’s IPO received bids for 1.01 crore shares against 7.13 crore shares offered, showing a subscription of around 0.14 times (14%).

LG Electronics IPO Price Band

The price band for the Rs 11,607-crore IPO has been fixed in the range of Rs 1,080-1,140 per share.

At the upper end of the price range, the company is valued at about Rs 77,400 crore.

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