desk
Share
News Topical, Digital Desk : LG Electronics IPO: An interesting development has emerged in the highly anticipated LG Electronics India IPO. A company named Winro Commercial India Limited, listed on the Bombay Stock Exchange (BSE), submitted an initial public offering of ₹748.5 crore (748.55 billion rupees). The company's market cap is only ₹30.16 crore (301.6 million rupees). Winro Commercial disclosed this in a filing with the exchange.
The company bid for 65.65 lakh shares
The company had bid for 65.65 lakh shares in the three-day IPO of LG Electronics India at a price of Rs 1,140 per share. This application was made under the Qualified Institutional Bidder (QIB) category. On October 11, the company informed in another filing that it has been allotted 37,482 shares from LG Electronics India at a rate of Rs 1,140 per share. Its total value is Rs 4.27 crore.
Know what Winro Commercial does Winro Commercial said in its filing that it is in the business of investments and securities and this investment is a part of its normal business. The company's shares (Winro Commercial Share Price) closed at Rs 244.45 on Friday, up 5 per cent.
IPO subscribed 54 times According to information, this IPO of LG Electronics India was subscribed 54 times, in which bids worth about Rs 4.5 lakh crore were received against the issue price of Rs 11,607 crore. This way it has become the most subscribed IPO in India. Winro Commercial is traded on BSE in the 'XT' category, which is part of the 'T' (Trade-to-Trade) group. Intraday trading of shares falling in this group is not allowed.
--Advertisement--
