Overview
- Listing on NSE and BSE is scheduled for October 14, with allotment finalized on October 10 and shares credited to investors on October 13.
- The IPO was subscribed 54.02 times overall, setting a record by value with total bids around Rs 4.4 lakh crore.
- Qualified institutional buyers bid 166.51 times, non-institutional investors 22.44 times, and the retail tranche 3.55 times.
- The grey market premium was about Rs 370 on October 13, implying an indicative listing near Rs 1,510 and a roughly 32% gain, though GMP is unofficial and speculative.
- The offer comprised about 10.18 crore shares sold entirely by parent LG Electronics Inc. in a Rs 1,080–1,140 price band, and brokerages highlighted strong long-term fundamentals.