LG Electronics India IPO Set for Blockbuster Debut with 33% Gains Expected
LG Electronics India's ₹11,607 crore IPO is poised for a strong market debut, with grey market trends and analysts forecasting a 30-33% premium over its issue price of ₹1,140 per share. The offering, entirely an OFS benefiting LG's South Korean parent, saw overwhelming demand—subscriptions reached 54.02 times on the final bidding day, making it India's second-largest IPO.
Anchor investors, including global institutional funds, committed ₹3,475 crore ahead of the listing. At the expected price band of ₹1,480-₹1,516, the stock WOULD trade at 47x FY25 earnings, a premium justified by LG's 46% net profit growth to ₹2,203 crore and debt-free balance sheet. "Valuations remain attractive even at the higher band," noted Abhinav Tiwari of Bonanza.