New Delhi, Oct. 7 -- The initial public offering (IPO) of LG Electronics India, a subsidiary of LG Electronics Inc., Korea, a leading global single-brand home appliance player, witnessed healthy demand from both retail and non-institutional investors on its first day of bidding.

The IPO, which remains open until Thursday, October 9, received bids for 7.45 crore shares against the total offer of 7.13 crore shares, resulting in an overall subscription of 1.05 times by the end of Day 1, according to exchange data.

Non-institutional buyers showed strong interest, with their portion subscribed 2.31 times, while retail investors also displayed notable enthusiasm, with their portion booked 0.82 times.

The QIB quota was subscribed 0.49 times. ...