LG Electronics India’s Rs 11,607 crore IPO got fully subscribed on the first day of the opening. Meanwhile, the Rs15,512-crore initial public offering of Tata Capital Ltd saw a subscription of 75 per cent on the second day of the bidding. Qualified institutional buyers placed bids for 99.85 lakh crore shares of LG Electronics India, as against 2.03 crore shares offered. Retail investors bid for 2.89 crore shares, compared to 3.56 crore shares on offer, showing 81 per cent subscription. Non institutional investors portion got subscribed 2.31 times. LG Electronics India had set the price band for its IPO at Rs 1,080 to Rs 1,140 per share. The public offer will close for subscription on October 9. The Rs 15,512 crore initial public offering of Tata Capital Ltd saw a subscription of 75 per cent on the second day of the bidding. Tata Capital’s IPO witnessed steady demand from qualified institutional buyers (QIBs), with the portion getting subscribed 86 per cent on the second day. These investors placed bids for 8.15 crore shares, as against 9.49 offered to them. Retail investors placed bids for 11.2 crore shares, compared to 16.61 shares on offer, representing a subscription of 67 per cent. Non institutional investors (NIIs) placed bids for 5.38 crore shares as against 7.12 crore shares offered to them. Tata Capital’s IPO will close for subscription on October 8.
