For the past few days, new issues were not getting much attention in the Indian IPO market. Because there was a lot of uncertainty in the market due to Trump tariffs and the impact of foreign investors. However, global tension still persists.
But due to changing attitude of external investors in the market, the sentiment of the market also seems to be changing. The most brilliant example of this was the IPO of LG Electronics India Limited today. Today was the last day for subscription of the Rs 11,607 crore IPO and investors invested heavily in it. So much money was spent that the record of the last 5 years was broken. After the year 2020, investors have bid a record amount of more than Rs 4.4 lakh crore.
Investors have invested a lot of money in this IPO. For example, shares offered for sale were subscribed 54.02 times. The reserve portion for institutional investors was subscribed 166.5 times. At the same time, it has got 3.5 times subscription in retail category and 22.44 times subscription in HNI category. With this subscription, the IPO also made a record of the highest number of subscriptions for an issue worth Rs 10,000 crore.
Bajaj Housing’s record broken
Bajaj Housing’s record has been broken. Earlier, the record of highest subscription was in the name of Bajaj Housing Finance, which had received bids of Rs 3.24 lakh crore for its IPO of Rs 6,560 crore in September 2024. Before that, bids worth Rs 2.36 lakh crore were received for the IPO of Coal India (2010), Rs 1.56 lakh crore for Tata Technologies (November 2023) and Rs 1.48 lakh crore for Premier Energies (2024). The QIB (large institutional investors) portion of LG Electronics India received bids of 166.51 times, non-institutional investors 22.44 times and retail investors (RIIs) 3.54 times.
When will IPO be listed?
For this IPO, the company had fixed the price band at Rs 1,080-1,140 per share, which makes the valuation of the company approximately Rs 77,400 crore. The company had earlier raised Rs 3,475 crore from anchor investors. At the same time, if we talk about the allotment of IPO, it is expected to happen by October 10. Also, the listing of the company is to happen in the market on 14th October.