Overview

• Shares opened at ₹1,710 on the NSE and ₹1,715 on the BSE versus the ₹1,140 issue price, delivering roughly a 50% premium at listing.
• The IPO was entirely an offer-for-sale of about 10.18 crore shares by the South Korean parent, so all proceeds accrue to the seller and not to LG India.
• Investor demand was led by institutions, with the QIB tranche booked 166.51 times, NIIs 22.44 times, and retail 3.55 times, totaling bids for 385.36 crore shares.
• Pre-listing grey market premiums peaked near ₹430, implying gains of around 38%, but the actual debut topped most GMP-based expectations.
• Anchor investors took roughly ₹3,474 crore ahead of the offer, and multiple brokerages initiated positive coverage with targets around ₹1,800–₹2,050.