What’s inside:
This article provides details about LG Electronics’ upcoming IPO, including investment amounts and expected gains.
The IPO of LG Electronics is set to open on October 7. If you’re thinking of investing, you’ll need to put in at least Rs 14,820 to participate.
Investors can apply for this IPO until October 9. The price range for shares is between ₹ 1080 and ₹ 1140. A single lot consists of 13 shares, and allotment results will be announced on October 10, with the listing happening on October 14.
Investors are hopeful for good returns, as the current Gray Market Premium (GMP) is around Rs 312. This suggests a potential profit of about 27%, or Rs 4,056, for retail investors. However, it’s important to remember that GMP is just an estimate, and performance should be evaluated before investing.
LG Electronics aims to raise Rs 11,607.01 crore through this IPO, which will give the company a valuation of about $9 billion. This will be the third largest IPO of the year, following Tata Capital and HDB Financial Services.
This IPO will offer 10,18,15,859 equity shares and is a complete offer-for-sale from LG Electronics Inc. The company entered India in 1997 and sells home appliances and consumer electronics, apart from mobile phones. Expect further updates as the IPO progresses.
Summary:
- LG Electronics IPO opens on October 7.
- Minimum investment required is Rs 14,820.
- GMP currently stands at Rs 312.
- Company aims to raise Rs 11,607.01 crore.
- Allotment date is October 10, with listing on October 14.
