The ₹11,607 crore IPO of LG Electronics India mobilised a whopping response of approximately ₹4.39 lakh crore, positioning it to become the second-largest grossed IPO in Indian history after the Reliance Power issue that attracted bids worth ₹7.12 lakh crore in January 2008.

The three-day subscription of the Korean major, which opened on October 7 and closed today, saw an overwhelming response, with the issue being subscribed to 54.02 times overall. Qualified Institutional Buyers led the demand with 166.51 times subscription, followed by Non-Institutional Investors at 22.45 times and Retail Individual Investors at 3.55 times. Employee quota also saw a strong response of 7.62 times.

Hong Ju Jeon, MD, LG Electronics India Ltd, said, “This historic milestone goes beyond investor confidence

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