The stock listed at ₹1,710.10 on the NSE as against an issue price of ₹1,140. Meanwhile, the stock debuted at ₹1,715 on the BSE, rising 50.4%.
The stock climbed to an intra-day high of ₹1,749 on the NSE, compared with its issue price. LG Electronics shares ended 50% higher on its trading debut.
Prashanth Tapse of Mehta Equities recommended allotted investors to ‘hold’ the stock for the long term, citing LG’s dominant market position, diversified product portfolio, and steady growth outlook, while cautioning about possible short-term volatility.
For non-allotted investors, Tapse suggests adopting a ‘wait and watch’ approach, monitoring post-listing price movements and considering accumulation on meaningful dips.
In the unlisted market, LG’s grey market premium stood at ₹430 today, indicating a 37.7% premium to the IPO price of ₹1,140. The premium has risen sharply from ₹370 on Monday, indicating strong demand ahead of listing.
The IPO, open for subscription between October 7 and 9, became the most subscribed public issue in Indian history, receiving bids worth nearly ₹4.5 lakh crore, surpassing the previous record of ₹3.2 lakh crore held by Bajaj Housing Finance.
The issue was subscribed 54 times overall, led by institutional investors, who bid for more than 160 times the shares on offer. Both the non-institutional and retail categories also saw robust participation.
The company had earlier raised ₹3,475 crore from anchor investors. The IPO was priced in the range of ₹1,080-₹1,140 per share.
The entire issue was an offer for sale (OFS), with the parent company LG Electronics Inc. divesting part of its stake. The Indian unit will not receive any proceeds from the issue.
With this listing, LG Electronics India becomes the second South Korean firm to tap the Indian capital market after Hyundai Motor India Ltd, which made its debut in October last year.
First Published: Oct 14, 2025 6:39 AM IST
