LG Electronics India will step into the IPO fray on October 7, making it yet another of the biggest IPO listings this year.
Investors who are interested in the LG Electronics IPO can bid for a minimum lot size of 13 shares for an investment of Rs 14,040. The price range is set at Rs 1080-1140. The option to pre-apply for the IPO is open now.
The pre-apply option allows investors to apply for the IPO subscription 2 days before the subscription officially starts.
With an issue size of 11,607 crore, investors can apply for the IPO till October 9. Multiple media houses reported a surge in the grey market premium (GMP), with around 24 per cent listing gains.
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After the IPO closing, which is scheduled to be on October 9, the tentative allotment date is scheduled to be on October 10, with the listing date tentatively fixed on October 14.
According to the firm, its IPO is an offer-for-sale (OFS), and the company will not receive any proceeds from the offer. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which in turn would enhance the company's visibility and brand recognition.