LG India IPO Rockets 50%, Valuation Tops South Korean Parent

LG Electronics India’s initial public offering (IPO) stunned markets on Tuesday, as shares soared 50.4% on their debut to give the company a valuation of $13.07 billion—surpassing that of its South Korean parent. 

The stock opened at ₹1,710.10 and peaked at ₹1,714.90, against an issue price of ₹1,140.  Investor appetite was overwhelming: the IPO raised $1.3 billion, with bids flooding in to the tune of $50 billion, making it India’s most subscribed billion-dollar IPO in nearly two decades. 

Qualified institutional buyers oversubscribed their allocations 166.5 times, while non-institutional and retail segments subscribed 22.4× and 3.54× respectively. 

The listing also catapulted LG India ahead of peers like Whirlpool, Voltas, and Havells in market value.  Analysts say the strong listing underscores investor confidence in its growth prospects, solid fundamentals, and the broader robustness of India’s IPO market this year. 

This IPO performance is the strongest among billion-dollar deals in India since 2021, when Zomato’s parent Eternal logged a 51.3% premium at listing.  The overall IPO landscape has been volatile, but LG’s debut stands out as a clear success.