Day 2: LG India’s IPO gets over 3x bids

NEW DELHI: LG Electronics India Ltd’s IPO received 3.3 times subscription on the second day of bidding on Wednesday. The IPO got bids for 23,70,85,836 shares against 7,13,34,320 shares on offer, according to NSE data. The quota for non-institutional investors received 7.6 times subscription. The category for qualified institutional buyers (QIBs) got subscribed 2.6 times, while the portion meant for retail individual investors (RIIs) attracted 1.9 times subscription.LG Electronics India Ltd on Monday collected Rs 3,475 crore from anchor investors.