Intimation under Regulation 30 SEBI''s LODR Regulations - Acquisition
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Winro Commercial (India) Ltd, a BSE-listed NBFC, has applied to subscribe to LG Electronics India Limited's IPO under the Qualified Institutional Buyer (QIB) segment. The company applied for 65,65,793 equity shares at Rs. 1,140 per share, amounting to a total application value of approximately Rs. 748.50 crores. LG Electronics India is a major consumer electronics and home appliances manufacturer with a turnover of Rs. 24,630.63 crores in FY25 and a net worth of Rs. 5,933.75 crores. Due to heavy oversubscription of the IPO, the actual shares allotted to Winro are expected to be lower than the application amount, likely falling below the 2% net worth regulatory threshold. The investment is being made as part of Winro's normal business activity as a financial investor in shares and securities.
This is a routine investment activity by Winro as an NBFC and signals active deployment of capital into primary market opportunities. For Winro's shareholders, the impact is neutral-to-marginal as the actual equity stake will be small due to oversubscription; however, it reflects the company's strategy of investing in high-profile listings as a financial investor.