Overview

• Shares are slated to credit to successful bidders’ demat accounts on October 13 with refunds for non-allottees expected the same day, ahead of the October 14 debut on BSE and NSE.
• The Rs 11,607 crore offering was a pure offer for sale of about 10.18 crore shares by LG Electronics Inc., so the company will not receive fresh capital.
• Overall subscription reached 54.02 times with bids for roughly 385 crore shares against 7.13 crore on offer.
• Grey market indications on October 13 ranged around Rs 370–420, implying an estimated listing near Rs 1,510–1,560 or about a 32–37% premium, though these signals are unofficial and volatile.
• The price band was Rs 1,080–1,140, the book was led by Morgan Stanley, JPMorgan, Axis Capital, BofA Securities and Citigroup, and KFin Technologies is the registrar.