#New Delhi

The initial public offer of LG Electronics India Ltd received 3.32 times subscription on the second day of bidding on Wednesday.

The IPO got bids for 23,70,85,836 shares against 7,13,34,320 shares on offer, according to NSE data. The quota for non-institutional investors received 7.60 times subscription. The category for Qualified Institutional Buyers (QIBs) got subscribed 2.59 times, while the portion meant for Retail Individual Investors (RIIs) attracted 1.90 times subscription.

LG Electronics India Ltd on Monday collected Rs 3,475 crore from anchor investors. The Rs 11,607-crore initial public offering (IPO) will conclude on Thursday. PTI

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