LG Electronics IPO: LG Electronics India scripted history on Thursday as the leading electronics player's initial public offering (IPO) became the first India company to receive bids for more than Rs 4 lakh crore. The issue saw a bumper demand on the last day of the bidding thanks to the institutional push. It raced past Bajaj Housing Finance, which attracted bids for Rs 3.24 lakh crore. Advertisement
According to the data from BSE, investors made bids for 3,85,33,26,672 equity shares, or 54.02 times, for the net 7,13,34,320 equity shares offered in for the investors after anchor allotment. The issue managed to attract bids for Rs 4,39,279.24 crore as of the upper end of the price band.
The issue, which kicked-off for bidding on Tuesday, October 07, manage to attract more than 65.06 lak