LG Electronics India Limited, the Indian arm of South Korea’s LG Electronics Inc. and one of the world’s leading single-brand home appliance manufacturers, made a stellar entry on Dalal Street today. The company’s much-awaited IPO listing witnessed a bumper response as its shares debuted at ₹1,710 per share, representing a 50% premium over the issue price of ₹1,140.
Massive Investor Demand Drives Strong Listing
The outstanding debut comes after an overwhelming investor response during the LG Electronics India IPO subscription period held from October 7 to 9. According to data from the exchanges, the issue received bids for a staggering 385.36 crore shares against just 7.13 crore shares on offer, translating to a subscription rate of 54 times.
This robust participation from retail, institutional, and high-net-worth investors reflected strong market confidence in the company’s fundamentals, brand equity, and growth prospects in the Indian home appliance segment.
Largest Mainboard Issue to List with 50% Premium in 2025
The LG Electronics IPO now holds the record as the largest mainboard issue of over ₹10,000 crore to deliver a 50% premium on listing in 2025. The strong performance stands out compared to other major IPOs this year.
For instance, Tata Capital’s ₹15,511 crore IPO recorded only a 1.2% gain on debut, while HDB Financial Services’ ₹12,500 crore issue listed with 12.8% gains in June.
According to Trendlyne data, LG Electronics India’s debut also marks the biggest IPO listing since 2019 among large-cap issues. Even in comparison to Hyundai Motor India’s ₹27,870 crore IPO last year, which listed at a 1.3% discount, LG’s performance stands out as a rare success story in India’s primary market.
Comparison with Other Major IPOs
The last few years have seen mixed fortunes for large IPOs. Companies like Swiggy and NTPC Green Energy managed to deliver modest listing gains of 7.3% and 3.2%, respectively, in 2024. On the other hand, earlier marquee listings such as Life Insurance Corporation (LIC), Paytm (One97 Communications), and SBI Cards had disappointing debuts — with discounts of 8.1%, 9.1%, and subdued post-listing gains, respectively.
In this backdrop, LG Electronics India’s blockbuster debut signals renewed optimism for big-ticket IPOs and underlines growing investor interest in high-quality consumer-focused businesses.
Analysts Remain Bullish on LG Electronics India Stock
Market analysts attribute the strong LG Electronics IPO listing gains to a mix of positive factors — including robust industry growth potential, attractive valuations, and rising demand for home appliances and consumer electronics in India. The company’s leadership in core product categories such as televisions, refrigerators, washing machines, and air conditioners, coupled with its strong earnings visibility, has further strengthened investor confidence.
Leading brokerages have initiated coverage with optimistic targets.
- Emkay Global Financial Services has a ‘buy’ rating on the stock with a target price of ₹2,050, citing strong growth visibility.
- Motilal Oswal Financial Services also recommends a ‘buy’, setting a target price of ₹1,800, supported by export potential and margin expansion through localization.
- Prabhudas Lilladher has pegged a target of ₹1,780, highlighting LG’s expanding market opportunities in India’s premium segment.
- Ambit Capital too maintains a ‘buy’ rating with a target of ₹1,820, reflecting confidence in LG’s consistent performance and competitive advantage.
Strong Growth Outlook Ahead
With India’s consumer electronics and home appliances market projected to grow at double-digit rates over the next five years, analysts believe LG Electronics India’s IPO could serve as a benchmark for future global brands entering Indian capital markets. The company’s focus on local manufacturing, R&D investment, and export expansion are expected to drive sustained earnings growth in the coming quarters.
In conclusion, the LG Electronics India IPO listing has set a new benchmark on Dalal Street, combining strong fundamentals, investor enthusiasm, and market momentum. As the stock trades at a premium, market experts believe LG’s successful debut could reignite momentum in India’s primary market, encouraging more multinational brands to explore public listings in the country.
