Shares of LG Electronics India made a strong debut on Monday, listing at ₹1,710.10 on the NSE, a 50.01% premium over the issue price of ₹1,140. The stellar listing comes after the company’s blockbuster IPO — the most subscribed in Indian market history — which garnered bids worth nearly ₹4.5 lakh crore, surpassing the ₹3.2 lakh crore record previously held by Bajaj Housing Finance.
The IPO was subscribed 54 times overall, led by institutional investors, who bid for more than 160 times the total shares on offer. The non-institutional and retail categories also witnessed robust demand.
At the listing price, retail investors made a profit of ₹7,411 per lot, while high-net-worth individuals (HNIs) earned over ₹1.03 lakh per application.
Brokerages remain bullish on the company’s long-term growth trajectory.
- Motilal Oswal projected a 58% upside, citing strong brand recall and product innovation.
- Antique initiated coverage with a ‘Buy’ rating and a target price of ₹1,725, implying a 51% upside potential.
- ICICI Securities also gave a ‘Buy’ rating with a target price of ₹1,700, noting LG’s competitive advantage, distribution strength, and robust return ratios.
The strong debut highlights investor confidence in LG’s growth potential amid rising consumer demand and structural tailwinds in India’s durable goods sector.
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