Strong Start on Dalal Street
South Korean tech giant LG's subsidiary, LG Electronics, listed on the stock markets on Tuesday with strong gains. The shares of the company opened at a 50% premium over its issue price. The company's IPO price band ranged from ₹1,080 to ₹1,140 per share. On the listing day, it opened at ₹1,715 on the BSE and ₹1,710 on the NSE. Investors made an instant gain of around ₹570–₹575 per share.
IPO Subscription Performance
LG Electronics India Limited's IPO saw robust investor demand. The issue got subscribed on the very first day. According to NSE data, 7,44,73,685 bids were received against the 7,13,34,320 shares offered, constituting an oversubscription of 1.04 times. The non-institutional investors' category got subscribed 2.31 times, retail investors subscribed 81%, and qualified institutional buyers subscribed 49%.
Fundraising and Market Impact
Prior to the IPO, LG had collected ₹3,475 crore from anchor investors. The IPO, worth ₹11,607 crore, closed on October 9. LG's intention through this public issue was raising ₹15,000 crore by selling 10.2 crore shares. This is the largest IPO of 2025.
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