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LG IPO breaks record, booked 54 times; gets bids worth ₹4.43 lakh cr
The New Indian Express Kozhikode
|October 10, 2025
LG Electronics India has recorded one of the highest subscriptions ever for a large Indian IPO (₹10,000 crore and above), with its initial share sale oversubscribed 54 times.
Bids were placed for 385 crore shares compared to the 7.13 crore shares on offer. The IPO set a new record by attracting bids worth ₹4.43 lakh crore at the top end of its price band of ₹1,080 to ₹1,140 per share. These subscription figures surpassed the ₹3.2 lakh crore bids received by Bajaj Housing Finance in 2024. With a subscription rate of 54 times, this IPO is the most subscribed large Indian offering since Reliance Power's IPO in 2008, which was subscribed over 70 times for ₹10,123 crore.
This story is from the October 10, 2025 edition of The New Indian Express Kozhikode.
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