LG Electronics India’s Rs 11,607 crore IPO opens for subscription today. The home appliances and consumer electronics major has raised Rs 3,474.9 crore from 149 anchor investors. The issue is entirely an offer for sale of 10.18 crore equity shares by its Korean parent, LG Electronics Inc, meaning all proceeds (excluding issue expenses) will go to the promoter. The price band is set at Rs 1,080-1,140 per share.
Catch Nandita Khemka in conversation with Sanjay Chitkara, Chief Sales Officer, and Atul Khanna, Chief Accounts Officer, as they outline LG Electronics India’s post-IPO growth roadmap.
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