In India's capital markets, the enthusiastic response from all types of investors has established a new standard. The three-day public offering attracted bids for over 385 crore shares compared to the 7.13 crore shares available, resulting in an overall subscription rate exceeding 54 times.
The total bid value reached approximately Rs 4.4 lakh crore, marking it as the highest subscribed IPO in India by value.
Prashanth Tapse, the senior vice president of research at Mehta Equities, suggests that investors are showing a preference for LG Electronics India. This is because they expect excellent listing gains and strong short-term growth prospects, driven by the government's tax cuts, according to a report by Reuters.
Previously, Bajaj Housing Finance held the record with its Rs 6,560-crore IPO in September 2024, which attracted total bids amounting to Rs 3.24 lakh crore.
Before this, Coal India's public offering in 2010 attracted bids totaling Rs 2.36 lakh crore, whereas Tata Technologies' IPO in November 2023 garnered bids of Rs 1.56 lakh crore, and Premier Energies' 2024 offering received bids amounting to Rs 1.48 lakh crore.
The section allocated for qualified institutional buyers (QIBs) of LG Electronics India was oversubscribed by 166.51 times. Meanwhile, the non-institutional investor category experienced a subscription rate of 22.44 times, and the retail individual investor (RII) segment attracted 3.54 times the bids.
Disclaimer: The Bridge Chronicle neither supports nor engages in grey market trading. Any mention of grey market premium (GMP) in this article is intended for informational use only. We highly recommend that investors depend on official sources and perform thorough research before making any investment choices.
