New Delhi: LG Electronics India, the Indian subsidiary of South Korea’s LG Group, has announced the launch of its Rs 11,607 crore initial public offering (IPO). The public issue is set to open for subscription on October 7 and closes on October 9.

The IPO is entirely an offer for sale (OFS) of 10.18 crore share and does not include a fresh issue. LG electronics which is parent company of LG India is set to get all the money raised from IPO. The existing shareholders are set to offload their 15 percent stakes in the company.

LG Electronics India IPO GMP, price band, allotment, listing

The price band of the IPO is set between Rs 1,080 and Rs 1,140 per equity share. At an upper range, the company will value around Rs 77,400 crore (USD 8.7 billion). The bidding for anchor investors will be

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