LG Electronics IPO Anchor Book Draws ₹3,475 Crore in Bids.

LG Electronics has raised approximately ₹3,475 crore from anchor investors ahead of its upcoming initial public offering (IPO), according to a notification filed with the stock exchanges.

The company's IPO committee, in consultation with the book-running lead managers, allocated over three crore equity shares to anchor investors at a price of ₹1,140 per share.

The anchor book saw participation from a diverse mix of domestic and international investors, including pension funds, sovereign wealth funds, and other institutional investors, reflecting strong pre-IPO interest in the offering.