LG Electronics India raises ₹3,474 crore from anchor investors ahead of IPO opening
Published on 07/10/2025 05:00 AM
LG Electronics India raises ₹3,474 crore from anchor investors ahead of IPO openingSBI Large and Midcap Fund has received 4.6% of the total anchor allocation of the LG Electronics India IPO, through an investment of ₹160 crore, while the Government of Singapore has received a 3.4% allocation, following INQ Holdings (3.9%).By Hormaz Fatakia October 7, 2025, 5:00:10 AM IST (Published)2 Min ReadLG Electronics India Ltd. has raised ₹3,474 crore from multiple anchor investors ahead of its ₹11,607 crore initial public offering (IPO), which opens for subscription today, October 7.
The company's board approved the issue of 3.04 crore equity shares to eligible anchor investors, at the upper end of the IPO price band, which is ₹1,140 per share.
SBI Large and Midcap Fund has received 4.6% of the total anchor allocation, through an investment of ₹160 crore, while the Government of Singapore has received a 3.4% allocation, following INQ Holdings (3.9%). The Abu Dhabi Investment Authority has also been issued a 3% allocation through an investment of just over ₹100 crore.
Investors% Of Anchor BookSBI Large & Midcap Fund4.6INQ Holdings3.9Government of Singapore3.4Government Pension Fund Global3SBI Life, HDFC Life, ICICI Pru Life, Goldman Sachs2.9BlackRock Global Funds, India Fund2.8Abu Dhabi Investment Authority3
Out of the 3.04 crore shares allocated to eligible anchor investors, LG Electronics India had approved the issue of 1.48 crore shares, or 48.9% of the total anchor size to 26 domestic mutual funds, who applied through a total of 84 schemes.
The LG Electronics India IPO is a complete Offer For Sale (OFS), where the parent company, LG Electronics Inc. will be selling stake. The India unit will not be receiving any proceeds from the issue.
The issue will close for subscription on Thursday, October 9. This is now the third largest IPO of India in 2025, following Tata Capital's now open ₹15,500 crore issue, and HDB Financial's ₹12,500 crore IPO earlier this year.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsanchor investorsIPOsLG ElectronicsLG Electronics Indiashare market today