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LG India IPO Draws Record Rs 4.4 Lakh Crore in Bids, Tata Capital Ends at 1.95x

Record demand for LG Electronics India contrasts with Tata Capital’s moderate take-up, signaling sharply different listing expectations.

Overview

  • LG Electronics India closed at 54.02 times overall subscription with bids for 385.33 crore shares versus 7.13 crore on offer, becoming the first Indian IPO to top Rs 4 lakh crore in bid value, per exchange data.
  • Investor mix for LG skewed heavily to institutions, with the QIB portion subscribed about 166.5 times, NIIs around 22.4 times, and retail roughly 3.5 times on the final day.
  • LG’s Rs 11,607 crore offer is a pure offer-for-sale at a price band of Rs 1,080–1,140, after raising about Rs 3,475 crore from anchor investors earlier in the week.
  • Grey-market indicators showed LG’s unofficial premium in the Rs 300–360 range, implying a sizable listing pop, whereas Tata Capital’s GMP hovered near Rs 3–6; these signals are informal and not official pricing.
  • Tata Capital’s Rs 15,511.87 crore IPO closed oversubscribed 1.95 times led by QIB demand, with allotment due Oct 9 and a tentative Oct 13 listing, while LG’s allotment is expected Oct 10 with an Oct 14 listing.