An LG Electronics store in Mumbai. (Photo source: Shubhayan Bhattacharya/ NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The much-anticipated IPO of Electronics giant LG India, which was launched on Tuesday, October 7, was fully subscribed on the first day itself.

The Rs 11,607-crore IPO received bids for 7,44,97,813 against the 7,13,34,320 shares on offer.

The LG Electronics India IPO is one of the biggest IPOs in India’s consumer electronics market. The IPO of LG Electronics India is looking to raise Rs 813.07 crore through a book-built issue.

After receiving a stellar response from investors on the first day, grey market investors are showing keen interest in the IPO with the current GMP suggesting potential double-digit listing gains. The grey market p

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