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LG Electronics India's initial public offer (IPO) -- to raise Rs 11,607 crore through fresh issuance -- conculded on Thursday, October 9. The issue registered an overall subscription of 54 times the equity on offer, according to provisional exchange data, as investors bid heavily across categories. At the end of the three-day book-building process, the IPO received bids  for 385.33 crore shares against the 7.13 crore shares on offer, the data showed.The IPO's bids amounted to a record Rs 4.39 lakh crore, at the upper end of the price band, show calculations. That marked the highest ever amount of bids for any IPO on Dalal Street. Bids in the portion set aside for qualified institutional buyers (QIBs) also stood at a record high, at Rs 3.85 lakh crore.

Add Zee Business as a Preferred SourceLet's take a closer look at the subscription numbers:   

The portions reserved for QIBs and non-institutional investors (NIIs) saw subscriptions of 166.5 times and 22.4 times, respectively. 

The portion meant for retail individual investors (RIIs) was booked 3.6 times the equity on offer, according to the data. 

In the employee category, a subscription of 7.6 times was recorded. Under the IPO, the company's parent, South Korea-based LG, offloaded 15 per cent equity. The IPO was priced in the Rs 1,080-1,140 range, valuing LG Electronics India at around Rs 77,400 crore at the higher end. The IPO offered investors a chance to invest in a leading brand in the country's home appliances and consumer electronics segment.LG Electronics India manufactures and sells white goods such as refrigerators, washing machines, LED TVs, inverter ACs, and microwaves, with manufacturing facilities in Noida and Pune.Giving a big thumbs up to the IPO, Zee Business Managing Editor Anil Singhvi had said: “The more you read about it, the more you’ll fall in love with it.” He suggested that investors apply for both listing gains and from a long-term perspective.: How market wizard Anil Singhvi views LG Electronics India

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