LG Electronics India IPO Lists 50% Higher, Becomes Most Subscribed Offering in History
LG Electronics India made a spectacular debut on domestic stock exchanges, listing at a 50% premium to its offer price of ₹1,140. The stock opened at ₹1,710.10 on the NSE and ₹1,715 on the BSE, reflecting strong investor confidence in the consumer electronics giant.
The ₹11,607 crore IPO became India's most heavily subscribed offering, with total demand reaching 54.02 times the shares available. Institutional investors led the charge, followed by robust participation from high-net-worth individuals and retail investors. The overwhelming response underscores broad-based faith in LG's brand strength and growth potential in India's expanding consumer durables market.
Market analysts attribute the strong debut to LG's global brand recognition, diversified product portfolio, and consistent profitability in India. The offering consisted entirely of an offer for sale by LG's South Korean parent company.
