LG Electronics India is expected to make its stock market debut on October 14.

LG Electronics India Ltd’s initial public offering (IPO) was subscribed 24% on the first day of bidding on Tuesday. According to NSE data as of 11:21 a.m., the issue received bids for 1.74 crore shares against 7.13 crore shares on offer. The non-institutional investor segment saw 49% subscription, while the Retail Individual Investors (RIIs) category subscribed 28%.

Ahead of the IPO opening, LG Electronics India raised Rs 3,475 crore from anchor investors on Monday.

LG Electronics India IPO: Price Band

The Rs 11,607-crore initial public offering (IPO) will conclude on October 9. The price band has been fixed at Rs 1,080 to Rs 1,140 per share, valuing the company around Rs 77,400 crore at the upper end.

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