LG Electronics India Soars 45% on Debut After Record IPO

LG Electronics India’s shares soared 45% on their debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Tuesday, following a blockbuster initial public offering (IPO) that saw the highest demand for an Indian IPO since Reliance Power’s 2008 listing.

Priced at the top of its 1,080 to 1,140 rupee range, the IPO raised 116 billion rupees ($1.3 billion) and was oversubscribed 54 times, with bids totaling nearly $50 billion, according to exchange data.

The IPO was an offer for sale, meaning no new shares were issued, with LG Electronics’ South Korean parent company selling 101.8 million shares.

Big institutional investors went all in, bidding 166 times their allocated share, while retail investors oversubscribed their portion 3.55 times, per PRIME Database. The IPO was managed by major banks like Morgan Stanley, J.P. Morgan, and Citigroup, valuing LG Electronics India at up to 774 billion rupees ($8.71 billion).

Key Highlights:

LG Electronics India IPO Debuts with 50% Surge, Record-Breaking Demand
LG Electronics India Raises $1.3 Billion in Oversubscribed IPO
India’s Electronics Market Growth Boosts LG Electronics India Stock

LG Electronics India, a key arm of South Korea’s LG Electronics, is a household name in India, selling everything from refrigerators and air conditioners to TVs and smart home gadgets. Experts are bullish on its future, with India’s electronics market expected to nearly double to $130–$150 billion by 2029, according to Redseer Strategy Consultants. “LG is a market leader and is set to ride this wave of growth,” said Himanshu Dugar, a SEBI-registered analyst.

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This marks the second major South Korean company to go public in India in about a year, following Hyundai Motor India’s IPO in October 2024. India’s IPO market remains red-hot, with 254 deals raising $11.8 billion in the first nine months of 2025, according to EY’s global report.