The initial public offer of LG Electronics India Ltd , the Indian arm of South Korea’s conglomerate LG, was fully subscribed on the first day of bidding on Tuesday.

The three-day IPO received bids for 7,44,73,685 shares against 7,13,34,320 shares on offer, translating into 1.04 times subscription, according to NSE data.

Category-wise subscription

The portion meant for non-institutional investors garnered 2.31 times subscription, while the category for retail individual investors (RIIs) subscribed 81 per cent. The quota for qualified institutional buyers (QIBs) received 49 per cent subscription.

LG Electronics India Ltd on Monday collected Rs 3,475 crore from anchor investors.

LG India IPO size

The Rs 11,607-crore initial public offering (IPO) will conclude on October 9. The p

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