Overview

• Shares listed at Rs 1,710 on the NSE and Rs 1,715 on the BSE, a roughly 50% premium to the Rs 1,140 issue price.
• About 89.3 million shares worth roughly Rs 8,500 crore traded within the first 30 minutes of listing.
• The Rs 11,607 crore offering drew bids of about Rs 4.4 lakh crore and was subscribed 54.02 times, led by QIB demand at 166.51 times.
• The issue was a complete offer-for-sale by LG Electronics Inc., so proceeds go to the parent rather than the Indian subsidiary.
• Brokerages including Nomura, Motilal Oswal, ICICI Securities and Emkay issued ‘Buy’ calls, citing FY25 revenue near Rs 24,600 crore, PAT around Rs 2,203 crore, zero net debt and strong returns, with targets in the Rs 1,700–2,050 range.