LG Electronics India kicked off its stock market journey with a stunning performance, seeing its shares rocket 50 per cent above the issue price in early trading and instantly establishing itself as one of India’s most valuable consumer electronics companies.
Shares of LG Electronics India were listed at Rs 1,710.10 on the National Stock Exchange and Rs 1,715 on the Bombay Stock Exchange, compared to an IPO price of Rs 1,140.
Within minutes, the stock soared to Rs 1,714.90—a jump of 50.4 per cent—reflecting the blockbuster demand from investors and the strength of India’s consumer sector. Later, it surged 53.4 per cent to hit a high of Rs 1,749 on the NSE.
The Rs 11,607 crore IPO was snapped up within hours of opening last week, generating bids worth a staggering Rs 44,407 crore. This makes LG Electronics India’s offering the most bid-for IPO in the Indian market since 2008, surpassing major debuts like Life Insurance Corporation of India in 2022, Paytm and Zomato in 2021.
The euphoria underscored investor confidence in India’s consumer demand and manufacturing potential.
Market cap of LG
LG Electronics India’s market capitalisation at debut reached Rs 1,16,409 crore (a little above $13 billion), eclipsing its South Korean parent’s valuation (close to $10 billion) and significantly outranking India-listed consumer durables competitors like Whirlpool, Voltas, and Havells.
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Analysts credit LG Electronics India’s strategic focus on localisation for improving gross margins and cite its industry-leading return on equity (RoE: 36.9 per cent) and capital employed (RoCE: 38.5 per cent) as evidence of its financial strength.
LG Electronics India’s business covers a comprehensive array of home appliances and air solutions, anchored by manufacturing plants in Pune and Noida, with a combined annual output of 14.5 million units.
The company sources 54 per cent of its raw materials locally—a figure they aim to push to 63 per cent over the next four years, signalling further improvement in operational margins.
The IPO also drew robust anchor investor interest, including sovereign wealth funds and mutual funds backing Rs 3,475 crore prior to the public offering.
The company delivered FY2025 revenue of Rs 24,366 crore and a profit of Rs 2,203 crore, leveraging a premium product strategy and continued capex in manufacturing expansion. Its penetration remains strong in key product categories, with future growth expected from innovative launches and a deeper focus on tier 2 and rural markets.