Investors anticipate a robust debut for LG Electronics India’s IPO, which saw overwhelming subscription. Analysts point to attractive valuations, a debt-free status, and strong returns as key drivers. Despite a slight dip in grey market premium due to broader market sentiment, the company’s competitive pricing and solid business outlook suggest significant listing gains, potentially around 30-35%.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.