LG Electronics IPO has witnessed overwhelming demand so far on the closing day with 48.54 times overall subscription, becoming the most-subscribed large IPO.

As of 3.39 pm on the final day of bidding, the qualified institutional buyers (QIBs) fetched 147.78 times subscription, non-institutional investors (NIIs) 22.17 times, and retail participation stood at 3.39 times, and the employee portion 7.14 times, reflecting strong interest across all investor categories.

On day 2, it garnered 3.32 times subscription.

The ₹11,607-crore IPO, priced in the band of ₹1,080 to ₹1,140 per share with a lot size of 13 shares, is entirely an OFS, with proceeds going to LG Electronics’ South Korean parent.

Prior to the public offering, the company secured around ₹3,475 crore from anchor investors, i

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