Kolkata: Korean giant LG Electronics closed October 8, the second day of the bidding process, on a buoyant note, attracting applications 333% of the original target amount. By the end of the second day of application, the LG Electronics IPO was subscribed 3.33 times overall — 1.91 times in the retail category, 2.59 times in QIB (Ex Anchor) category and 7.60 times in the NII category.

That the issue will be appealing too the investors was quite evident at the response of the anchor investors, 68 of whom picked up shares. The company could raise Rs 3,475 crore from anchor investors among which were SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance Company, HDFC Life Insurance Company and ICICI Prudential Life Insurance Company apart from the Singapore governm

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