LG Electronics India shares declined after their initial surge on October 14, 2025, following a spectacular stock market debut. The shares made an intraday high of ₹1,749 on the National Stock Exchange (NSE) but were trading at ₹1,693 around 12:45 p.m., down 3.2% from the peak.
This came after the stock initially opened at ₹1,710.10 on the NSE, reflecting a 50% premium over the issue price of ₹1,140, and at ₹1,715 on the Bombay Stock Exchange (BSE), surging 50.43% from the IPO price.
The IPO, valued at $1.3 billion (around ₹10,000 crore), was massively oversubscribed during its bidding period from October 7 to 9, attracting bids for 385.36 crore shares against 7.13 crore shares on offer, translating into a subscription rate of 54 times.
The strong market debut has valued LG Electronics India at $13.07 billion (around ₹1.15 lakh crore), surpassing the market capitalization of its South Korean parent, which stands at nearly $10 billion.
This makes it the most bid-for IPO in India since 2008 and the largest mainboard listing of over ₹10,000 crore in 2025 to list with a 50% premium.
Investor interest in the IPO was driven by LG Electronics India’s leadership in the home appliances and consumer electronics market, strong brand recognition, and extensive distribution network.
Analysts from Prabhudas Lilladher and Motilal Oswal Financial Services have initiated coverage on the stock with “buy” ratings, giving price targets between ₹1,780 and ₹1,800, citing the company’s robust growth prospects, high return ratios, and strategic focus on localization.
The company’s IPO attracted a record level of subscriptions, reflecting strong confidence in India’s consumer demand and manufacturing potential.
Revenue, EBITDA, and profit are projected to grow at a compound annual growth rate of 9.9%, 10.9%, and 9.3%, respectively, between FY25 and FY28, supported by capacity expansions, business-to-business initiatives, and aftermarket services.
LG Electronics India plans to leverage its R&D capabilities in India and Germany to expand its product portfolio, focusing on premiumization, local sourcing, and smart mobility solutions.
The company’s debut also underscores the growth potential of India’s home appliance and consumer electronics market, estimated to post a CAGR of 14% over 2024–2029.
By surpassing valuations of peers such as Whirlpool ($1.67 billion), Voltas ($5.16 billion), and Havells ($10.42 billion), LG Electronics India has set a benchmark for billion-dollar IPO listings in the Indian market, highlighting strong investor appetite for global brands with a strategic focus on the Indian market.
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