LG Electronics India IPO Fully Subscribed on Day One

LG Electronics India’s initial public offering (IPO), valued at ₹11,607 crore, witnessed overwhelming response on its first day of opening, with the subscription being fully completed. The strong investor interest reflected high confidence in the company and the attractiveness of its pricing. Qualified institutional buyers (QIBs) drove the bulk of the subscription, placing bids for 99.85 lakh shares, whereas only 2.03 crore shares were offered to this category. This shows a significant over-subscription from institutional investors, highlighting robust institutional demand.

Retail investors also actively participated in the IPO. Out of the 3.56 crore shares allocated for the retail category, investors placed bids for 2.89 crore shares, indicating an 81 percent subscription rate. Non-institutional investors, which include high-net-worth individuals (HNIs) and other non-institutional participants, exhibited strong interest as well, with their portion being subscribed 2.31 times over. The IPO price band was set between ₹1,080 and ₹1,140 per share, and the subscription window was scheduled to close on October 9.

Meanwhile, Tata Capital Ltd, with its initial public offering of ₹15,512 crore, saw significant investor participation as well, though it did not achieve full subscription on the first day. On the second day of bidding, the IPO achieved a subscription level of 75 percent, showing continued investor interest. The QIB segment contributed significantly to the subscription, with 86 percent of their allotted portion being bid for, translating to bids for 8.15 crore shares against 9.49 crore shares on offer. This demonstrates that institutional investors maintained strong confidence in Tata Capital’s market positioning and growth prospects.

Retail investors, while participating actively, had slightly lower subscription levels in Tata Capital’s IPO compared to LG Electronics India. Retail bids accounted for 11.2 crore shares, compared to the 16.61 crore shares offered, reflecting a 67 percent subscription rate. Non-institutional investors placed bids for 5.38 crore shares, while 7.12 crore shares were on offer, showing moderate interest from this segment. Overall, the Tata Capital IPO demonstrated steady demand across institutional and retail investors, albeit not fully subscribed on the second day.

The contrast between the two IPOs illustrates investor preferences across sectors and market conditions. LG Electronics India, being a prominent electronics firm with established brand recognition and growth potential, saw robust and fully subscribed participation from day one. On the other hand, Tata Capital, though a major player in financial services, experienced a slightly slower subscription pace, indicating that investors may be approaching financial sector IPOs with more measured consideration.

In conclusion, both IPOs highlight active participation across investor segments in India’s capital markets. LG Electronics India successfully achieved full subscription on its first day, reflecting investor confidence in the electronics sector and the company’s fundamentals. Tata Capital Ltd’s IPO, while seeing 75 percent subscription on day two, also indicates strong demand and interest from both institutional and retail investors. These IPOs exemplify the growing depth and vibrancy of India’s IPO market, as well as the continuing confidence of investors in both industrial and financial sector offerings.