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Shares of LG Electronics India Ltd, a home appliances and consumer electronics manufacturer, made a bumper stock market debut, getting listed at a premium of 50 per cent above the initial public offering (IPO) issue price.
The stock opened at Rs 1,715 a piece on the BSE, up 51 per cent compared to Rs 1,140 per share – the upper band of the IPO’s price range. The stock surged to Rs 1,736 per share on the BSE during intraday trades in the morning session. On the NSE, the share opened at Rs 1,710 apiece up 50 per cent, and climbed to an intraday high of Rs 1,749 per share.
LG Electronics India Ltd had set the price band of Rs 1,080 to Rs 1,140 per share for its Rs 11,607 crore initial public offering (IPO). At the upper price band, the company was valued at over Rs 77,000 crore.
The IPO got subscribed 54 times, with qualified institutional buyers (QIBs) category witnessing 166.51 times subscription. Retail portion got subscribed 3.55 times, with investors placing bids for 12.62 crore shares, compared to 3.55 crore shares offered.
Through the offer, the promoter of the company, LG Electronics Inc., offloaded 10.18 crore shares, constituting 15 per cent post-offer paid up share capital. The entire proceeds of the IPO went to the promoter.
LG Electronics India’s revenue from operations stood at Rs 24,367 crore in the fiscal ended March 2025. The company manufactures multiple product categories, including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves. It has two manufacturing units located in Noida and Pune.
