LG Electronics India's initial public offer (IPO) -- to raise Rs 11,607 crore through fresh issuance -- conculded on Thursday, October 9. The issue registered an overall subscription of 54 times the equity on offer, according to provisional exchange data, as investors bid heavily across categories. At the end of the three-day book-building process, the IPO received bids for 385.33 crore shares against the 7.13 crore shares on offer, the data showed.

Investors flock to LG Electronics IPO; bids reach an unprecedented Rs 4.39 lakh crore

The IPO's bids amounted to a record Rs 4.39 lakh crore, at the upper end of the price band, show calculations. That marked the highest ever amount of bids for any IPO on Dalal Street.

Bids in the portion set aside for qualified institutional buyers

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