LG Electronics’ Rs 11,607-crore IPO has received a positive response from analysts, given the company’s market leadership in home appliances, robust profitability, and expansion plans. The issue, entirely an offer for sale by parent LG Electronics Inc, opened on October 7 and will close on October 9, with a price band of Rs 1,080-1,140 per share. Most brokerages have issued a Subscribe call, citing its strong brand, reasonable valuations, and sector tailwinds.