New Delhi, Oct 9 (PTI) The initial public offering of LG Electronics India Ltd received 13 times subscription so far on the final day of bidding on Thursday.

The Rs 11,607-crore IPO received bids for 92,96,33,445 shares against 7,13,34,320 shares on offer, according to NSE data till 13:27 hours. The portion for Qualified Institutional Buyers (QIBs) got subscribed 27.07 times while non-institutional investors quota received 18.08 times subscription. The category for Retail Individual Investors (RIIs) attracted 2.89 times subscription.

LG Electronics India Ltd on Monday collected Rs 3,475 crore from anchor investors.

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.

This is the second South Korean company to tap

See Full Page