LG Electronics has made a strong debut in the stock market.
LG Electronics IPO has seen a explosive start in the stock market. The company’s shares are listed with a premium of more than 50 percent. The special thing is that investors have earned Rs 7753 in one go from one lot size of the company. However, after listing, the company’s shares are falling by more than 3 percent. Even after that, the company’s shares are visible at about 46 percent above the issue price. Earlier, experts had said that the company’s shares could be listed in the market at a premium of 30 to 35 percent. This means that the listing of the company has dashed all estimates. Experts say that profit booking may be seen in the company’s shares during the trading session. Let us also tell you at what level the company’s shares are being seen after listing.
LG’s explosive listing
LG Electronics had a very good start in the stock market. According to BSE data, the company’s shares were listed at Rs 1715 against the issue price of Rs 1140. Which was at a premium of Rs 575 i.e. 50.44 percent. During the trading session, the company’s shares reached a high of Rs 1736.40, which was more than 52 percent more than the issue price. After that, profit booking started in the shares of the company. At present i.e. at 10:45 am, the company’s shares are trading at Rs 1660 with a decline of 3.21 percent. Even after that the company’s shares are 45.61 percent more than the issue price.
Investors earned Rs 7,753
Investors have benefited a lot from this listing. The lot size of the company was 13 shares. Whose value was Rs 14,820. When the company’s shares were listed in the market and the company’s shares reached the day’s high of Rs 1736.40, the investment of investors instantly increased to Rs 22,573. This means that investors made a profit of Rs 7,753 from one lot. If we calculate the profit from the listing price of the company, then the company’s shares were listed with a premium of Rs 575. This means that investors made a profit of Rs 7,475 on one lot of 13 shares.
made a new record
The special thing is that the IPO listing of LG Electronics has also set a new record. According to the report, of all the IPOs worth more than Rs 10,000 crore that have come so far in the history of the country, none has seen 50 percent listing. LG Electronics is the only company which has been listed with a premium of 50 percent. According to exchange data, the IPO was subscribed more than 54 times, with the QIB portion reaching 166 times, while retail investors bid 3.5 times more than their reserved quota.
stock market on red mark
The special thing is that two big companies were listed in the stock market in two consecutive days. The stock market appeared to be in the red on both the days. Like Monday, on Tuesday also Sensex and Nifty are seen trading with a decline. However, the stock market had started the day on a positive note and appeared at the day’s high of 82,573.37 points with a rise of about 250 points. After that an environment of profit booking started in the market. Since then the Sensex has seen a fall of 491.51 points. At present i.e. at 11 am, the company’s shares are trading at 82,230.70 points with a fall of 97 points.