LG Electronics IPO debuted in the stock market today. There has been a bumper listing of its shares and investors have made huge profits. LG Electronics Shares were listed on BSE and NSE with a premium of 50 percent. The special thing is that its listing was better than expected and at a premium higher than analysts’ estimates. While LG shares were listed on BSE at Rs 1,715, they entered NSE at Rs 1,710. Let us tell you that its original price was Rs 1140 per share.
There was a strong response from investors
LG Electronics IPO was opened for subscription on 7th October and bidding was done till 9th October. This amount of Rs 11,607 crore IPO Had received tremendous response from investors. Till the last day of subscription, it was subscribed a total of 54.02 times. The qualified institutional buyers (QIB) category had the highest subscription of 166.51 times. Non-Institutional Investors (NII) category received 22.44 times subscription.
—- End —-
