New Delhi, Oct. 9 -- LG Electronics' initial public offering (IPO) concluded on Thursday, October 9, witnessing a massive demand from all categories of investors. The IPO witnessed a healthy grey market premium (GMP) and positive comments from most analysts.

LG Electronics IPO, which opened on October 7, sailed through on the first day of the bidding itself.

At the end of the third day, the electronics company's share sale garnered bids for 3,85,32,39,416 shares as against 7,13,34,320 shares on offer, translating into a subscription status of 54.02 times.

The quota for qualified institutional buyers (QIBs) received 166.51 times subscription. The category for non-institutional investors (NIIs) was subscribed 22.44 times, while the porti...