LG Electronics India Ltd has created history by becoming the first initial public offering (IPO) in the country to cross Rs 4 lakh crore-mark in total subscription value amid robust demand across investor categories.

The three-day public issue received bids for over 385 crore shares against 7.13 crore shares on offer, translating into an overall subscription of more than 54 times. The total bid amount stood at around Rs 4.4 lakh crore, making it the most subscribed IPO in India by value.

The record was earlier held by Bajaj Housing Finance, whose Rs 6,560-crore IPO in September 2024 garnered total bids worth Rs 3.24 lakh crore. Prior to that, Coal India’s 2010 public issue drew bids of Rs 2.36 lakh crore, while Tata Technologies’ November 2023 IPO received bids of Rs 1.56 lakh crore and Premier Energies’ 2024 issue attracted Rs 1.48 lakh crore.

The portion reserved for qualified institutional buyers (QIBs) of the LG Electronics India was subscribed 166.51 times, while the non-institutional investor category saw 22.44 times subscription. The retail individual investor (RII) segment received 3.54 times bids.

The price band for the IPO was fixed at Rs 1,080–1,140 per share, valuing the company at about Rs 77,400 crore at the upper end of the range. The company had earlier raised Rs 3,475 crore from anchor investors.