LG Electronics Share Price: Shares Slip In Trade
The shares of LG Electronics after a bumper listing is now trading lower on the exchanges. On NSE the scrip was trading at Rs 1,693 apiece, trading 1.28% lower compared to a 0.34% decline in the Nifty 50 as of 10:01 p.m.
LG Electronics Share Price: Shares Trade Flat
The shares of LG Electronics after a bumper listing is now trading flat on the exchanges. On NSE the scrip was trading at Rs 1,702 apiece, trading 0.50% lower compared to a 0.16% decline in the Nifty 50 as of 10:08 a.m.
LG Electronics IPO: Lists With 50% Premium
The shares of LG Electronics' IPO debuted at 50% premium over issue price at Rs 1,719 on the NSE. The shares have listed on the BSE with a 50.44% premium at Rs 1,715.
LG Electronics IPO: Discovery Price
LG Electronics discovery price is Rs 1,710.10, a 50% premium over the IPO price of Rs 1,140 as of 9:54 a.m. While on the BSE, the discovery price has settled higher at Rs 1,715, implying a 50.44% premium.
LG Electronics IPO Listing Live: Pre-Open Price
LG Electronics's pre-open price is Rs 1,710, a 50% premium over the IPO price of Rs 1,140 on the NSE as of 9:46 a.m. On the BSE, the pre-open price is Rs 1,715, with an 50.44% premium.
LG Electronics IPO Live: Pre-Open Session In Progress
The pre-open order placement session is in progress for LG Electronics.
This will last for 45 minutes (9:00 a.m. to 9:45 a.m.), during which orders may be entered, modified, and cancelled. No orders will be executed during this time.
LG Electronics IPO Live: Subscription on Final Day
The IPO was booked 54.02 times on Thursday. The Qualified Institutional Buyers had subscribed the IPO 166.51 times while the Non-Institutional Investors suscribed 22.44 times.
The offering was subscribed 3.54 times by retail investors and the Employee Reserved category was subscribed 7.63 times.
Investors bid for 3,85,34,64,056 against the 7,13,34,320 shares on offer.
LG Electronics IPO Live: First-Ever IPO In India To Cross Rs 4 Lakh Crore In Subscription
LG Electronics India Ltd. created history after becoming the first initial public offering (IPO) in India to cross the Rs 4 lakh crore mark in total subscription value on Thursday.
The three-day public issue received 385 crore shares against 7.13 crore shares on offer, with the overall subscription of 54.02 times. The total bid amount stood at Rs 4.4 lakh crore, making it the most subscribed IPO in terms of value.
LG Electronics IPO Live: Check The Latest GMP
LG Electronics IPO last GMP is Rs 430, as at 8:00 am. The IPO's estimated listing price is Rs 1,570 . The expected gain per share at listing is 37.72%.
Note: GMP does not represent official data and is based on speculation. GMP data sourced from InvestorGain.
LG Electronics IPO Live: What Brokerages Say
Ambit
Initiates coverage with a Buy rating and a target price of Rs 1,820.
Export could be a key component with the new Sri City plant doubling capacity.
Increased localisation and premiumisation are expected to drive margin expansion.
GST cuts are expected to help growth revival.
LG Electronics IPO Live: What Brokerages Say
Nomura
Initiates Buy with a price target of Rs 1,800.
Focus on mass premiumisation, exports, and business-to-business initiatives to drive growth with improving profitability.
India's demographics provide structural growth visibility for large appliances. The firm estimates Ebitda margins will improve from 12.8% in FY25 and upto 14.1% in FY28.
This improvement is led by a better mix, operating leverage, and localisation. Brokerage expects the company to trade at the mid-point of the trading band of 30-45x.
LG Electronics IPO Live: What Brokerages Say
Motilal Oswal
Initiates coverage with a target price of Rs 1,800.
It holds a leadership position with high industry growth potential.
Premiumisation and localisation are expected to drive profitability.
Expects LG to trade at higher multiples given its strong return ratios.
Consistently generated operating cash flows over Rs 154 billion.
LG Electronics IPO Live: Offer For Sale Details
Morgan Stanley India Co., JPMorgan India Pvt., Axis Capital Ltd., BofA Securities India Ltd., and Citigroup Global Markets India Pvt. are the bankers for the IPO. Kfin Technologies Ltd. is the registrar of the issue.
The Rs 11,607 crore IPO is a complete offer-for-sale by the Korean parent, LG Electronics Inc. No fresh capital is being raised for LG India's operations. The proceeds from the IPO go entirely to the selling shareholder.
LG Electronics Listing Live: All You Need To Know
LG Electronics India created history by becoming the first initial public offering (IPO) in India to cross the Rs 4 lakh crore-mark in total subscription value.
The three-day public issue received bids for 385 crore shares against 7.13 crore shares on offer, resulting in an overall subscription of 54.02 times. The total bid amount stood at Rs 4.4 lakh crore, making it the most subscribed IPO in terms of value.
One of the biggest IPOs in India’s consumer electronics market was looking to raise Rs 813.07 crore through a book-built issue.
LG Electronics Listing Live: GMP Ahead of Listing Signals 35% Gains
Good Morning! This is NDTV Profit's live coverage of the primary market. There's an exciting day ahead with four listings and we are all set to bring you all the real-time buzz straight from the Street.
All eyes are on the big name LG Electronics that is set to make its D-Street debut today. Stay with us as we cover the latest discovery prices, the grey market premium and all the key details you need to know.
Follow the blog as we take you through the action right here!
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