In a spectacular stock market debut, shares of LG Electronics India Ltd., a maker of consumer electronics and home appliances, were listed at a 50% premium to the IPO issue price.
In comparison to the upper band of the IPO’s price range of Rs 1,140 per share, the stock started at Rs 1,715 per share on the BSE, up 51%. During early intraday trading, the stock on the BSE jumped to Rs 1,736 per share. The share rose 50% from its opening price of Rs 1,710 per share on the NSE to an intraday high of Rs 1,749 per share.
For its Rs 11,607 crore IPO, LG Electronics India Ltd. had specified the price range of Rs 1,080 to Rs 1,140 per share. The corporation was valued at more than Rs 77,000 crore at the upper price range.
The IPO received 54 subscriptions, with 166.51 subscriptions in the qualified institutional buyers (QIBs) category. Investors placed bids for 12.62 crore shares, compared to the 3.55 crore shares that were offered, and the retail portion was subscribed 3.55 times.
The company’s promoter, LG Electronics Inc., sold off 10.18 crore shares through the offer, making up 15% of the post-offer paid-up share capital. The promoter received all of the IPO’s profits.
The operating revenue of LG Electronics India for the fiscal year that ended in March 2025 was Rs 24,367 crore. The company produces a wide range of products, including as microwaves, inverter air conditioners, panel televisions, refrigerators, and washing machines. Its two production facilities are situated in Pune and Noida.
