Winro Commercial India Ltd., a company listed on the Bombay Stock Exchange (BSE), and which, according to its website is a non-banking financial company registered with the RBI, recently received an allotment of shares in the LG Electronics India IPO. That is not the story though.

The company informed the exchanges on October 9, that it had placed applications for 65.65 lakh shares of LG Electronics India, as part of its three-day IPO, at a price of ₹1,140 per share, taking the total bid amount to ₹748.5 crore. The application was made under the Qualified Institutional Bidder (QIB) section.

Winro Commercial's market capitalization at the end of Friday's trading session? ₹30.16 crore.

"Considering the oversubscription, the value of allotted shares is expected to fall below the threshold

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