The initial public offering of LG Electronics India was subscribed fully on the first day itself, thanks to non-institutional investors (NIIs). The ₹11,607-crore IPO received bids for 7.45 crore shares as against 7.13 crore shares on offer, translating into 1.04 times subscription.

The IPO with a price band of ₹1,080-1,140 will close on Thursday. The portion reserved for NIIs garnered bids for 2.31 times, while the quota for retail investors was subscribed 81 per cent and qualified institutional buyers by 49 per cent. Employee too remained aggressive by subscribing 1.87 times.

The company on Monday raised around ₹3,475 crore from anchor investors who included a host of local and global funds, including pension funds and sovereign funds. Among the domestic funds included SBI Mutual Fund,

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