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5h ago

LG Electronics India Jumps 50% on Debut After Heavily Oversubscribed IPO

The managing director addressed the listing ceremony in Hindi, signaling a localization push.

Hong Ju Jeon, Managing Director of LG Electronics India Limited, speaks at a press conference announcing the company's Initial Public Offering (IPO) in Mumbai, India, October 1, 2025. REUTERS/Francis Mascarenhas

Overview

  • Shares listed around ₹1,710–₹1,719 versus the ₹1,140 issue price, hit an intraday high near ₹1,749, and closed up 48.2% at ₹1,689.9.
  • The debut valued the company at roughly ₹1.16 lakh crore, with NDTV reporting the valuation surpassed the South Korean parent’s market cap.
  • The ₹11,607 crore offering was a complete Offer-for-Sale by LG Electronics Inc., so the proceeds went to the selling shareholder with no new funds raised for the India unit.
  • Investor demand totaled 54.02 times subscription, including bids for about 385 crore shares against 7.13 crore on offer, and the deal was the first IPO in India to cross ₹4 lakh crore in total subscription value.
  • Brokerages including Nomura, Motilal Oswal, and Ambit initiated coverage with Buy ratings and ₹1,800 targets, citing mass premiumisation, export potential, and B2B expansion.