The IPO is a book-built issue comprising entirely an offer-for-sale component of up to 10,18,15,859 or more than 10 crore equity shares at a face value of Rs 10 per share. Through the IPO, the South Korean parent LG Electronics Inc. will offload 10.2 crore shares.
The price band for the IPO was set between Rs 1080 to Rs 1140 per share.
Of the 7,13,34,320 shares on offer, 2,03,21,026 are reserved for QIB’s, 1,52,40,770 are reserved for NII’s and 3,55,61,796 are reserved for Retail investors.
Morgan Stanley India Co., JPMorgan India Pvt., Axis Capital Ltd., BofA Securities India Ltd., and Citigroup Global Markets India Pvt. are the bankers for the IPO. Kfin Technologies Ltd. is the registrar of the issue.
