LG Electronics India IPO: LG Electronics India Ltd, the local arm of South Korea’s LG conglomerate, has fixed the price band for its much-awaited Rs 11,607-crore initial public offering (IPO) in the range of Rs 1,080-1,140 per share. At the upper end of the price range, the company is valued at about Rs 77,400 crore.

The public issue will open for subscription on October 7 and close on October 9, while anchor investors can bid on October 6. The IPO, which is entirely an offer for sale of 10.18 crore shares — representing nearly 15 per cent stake — will see all proceeds go to the South Korean parent, as LG Electronics India itself will not receive any funds from the issue.

This marks the second South Korean company to list on Indian bourses after Hyundai Motors India made its debut in Oc

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