Shares of LG Electronics India made a strong debut on Monday, listing at ₹1,710.10 per share on the NSE, marking a 50% premium over the IPO issue price of ₹1,140. The stock witnessed heavy investor participation during its debut session following a record-breaking subscription in its initial public offering.
The IPO had received bids worth nearly ₹4.5 lakh crore, becoming the most subscribed IPO in Indian market history, surpassing Bajaj Housing Finance’s ₹3.2 lakh crore record. The issue was subscribed 54 times overall, led by institutional investors who bid for over 160 times the shares on offer. Retail and non-institutional categories also saw robust demand.
At the listing price, retail investors earned a listing gain of ₹7,411 per lot, while high-net-worth individuals (HNIs) booked gains of over ₹1.03 lakh per application.
Brokerages remain optimistic on the company’s long-term prospects. Motilal Oswal has projected a 58% upside, while Antique and ICICI Securities initiated coverage with ‘Buy’ ratings, setting price targets of ₹1,725 and ₹1,700, respectively. Analysts cited LG’s market leadership, innovation, distribution strength, and strong return ratios as key drivers of sustainable growth.
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