LG Electronics IPO Draws ₹4.39 Lakh Crore in Bids, Becomes India’s Second-Largest Ever.

The ₹11,607 crore initial public offering (IPO) of LG Electronics India attracted an overwhelming response, mobilizing bids worth approximately ₹4.39 lakh crore. This positions the IPO as the second-largest grossed issue in Indian history, trailing only the Reliance Power IPO, which received bids worth ₹7.12 lakh crore in January 2008.

The three-day subscription period, which opened on October 7 and closed today, saw the issue subscribed 54.02 times overall. Demand was led by Qualified Institutional Buyers (QIBs), who subscribed 166.51 times, followed by Non-Institutional Investors at 22.45 times and Retail Individual Investors at 3.55 times. The employee quota also witnessed strong interest, with a subscription rate of 7.62 times.

Hong Ju Jeon, Managing Director of LG Electronics India Ltd, said, “This historic milestone goes beyond investor confidence — it reflects nearly three decades of trust and goodwill that Indian consumers, partners, and employees have placed in LG.”