
LG Electronics IPO Allotment Updates
Hold onto your hats, investors! The much-anticipated LG Electronics IPO share allotment is set to be finalized tonight, October 10. After a whirlwind subscription frenzy, 54.02 times oversubscribed, to be exact, this IPO has truly captured the market’s imagination. Valued at a hefty Rs 11,607 crore, LG Electronics opened its doors for public subscription between October 7 and 9, with shares priced in the tempting range of Rs 1,080 to Rs 1,140.
So, if you threw your hat in the ring, tonight’s the night you find out if you’ve snagged some shares in one of India’s hottest consumer electronics names. Will you be celebrating your allotment, or waiting for the next big IPO rush? Stay tuned, and keep those fingers crossed, you’re just a few clicks away from discovering your fortune!
Ready to check your allotment? The countdown is on!
Price Band: Rs 1,080 to Rs 1,140 per share
IPO Structure:
Fully an offer-for-sale (OFS) of 10.18 crore shares by South Korean parent LG Electronics Inc.
No fresh issue component; proceeds will go to selling shareholders.
Fundraising target: Rs 813.07 crore.
Business Segments:
Home Appliances & Air Solutions (approx. 75% of revenue)
Home Entertainment (approx. 25% of revenue)
Manufacturing & Distribution Network:
2 manufacturing plants
2 central distribution centres
23 regional distribution centres
51 branch offices
Financial Highlights (FY 2024):
Revenue: Approx. ₹21,352 crore (7-8% year-on-year growth)
Net Profit: Approx. ₹1,511 crore (12% year-on-year growth)
On KFin Technologies Registrar Website:
On NSE:
On BSE:
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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