LG Electronics India's IPO has made a stellar debut on the Indian stock market, setting a new benchmark for IPOs exceeding ₹10,000 crore. The IPO, which closed on October 9, 2025, saw an overwhelming response from investors and opened with approximately a 50% premium over its issue price on October 14, 2025.
The ₹11,607 crore IPO was a pure offer-for-sale by LG Electronics Inc., the Korean parent company. The IPO's price band was set between ₹1,080 and ₹1,140 per share. On its debut, the stock opened at ₹1,715 on the Bombay Stock Exchange (BSE) and ₹1,710.10 on the National Stock Exchange (NSE), demonstrating a rise of 50%.
The IPO witnessed substantial investor interest, with an overall subscription of 54.02 times. Qualified Institutional Buyers (QIBs) showed the most significant interest, with their portion being subscribed 166.51 times. The Non-Institutional Investors (NII) category was subscribed 22.44 times, while the Retail Individual Investors (RIIs) portion was subscribed 3.55 times. The IPO attracted bids for 3,85,33,26,672 shares against 7,13,34,320 shares on offer.
Ahead of the listing, the Grey Market Premium (GMP) for LG Electronics India shares was around ₹1,570, signaling a listing premium of 37%. The GMP suggested potential listing gains of over ₹400 per share.
Several brokerages have initiated coverage on LG Electronics India with positive recommendations. Anand Rathi has given a "Buy" rating with a price target of ₹1,725. Motilal Oswal has also initiated coverage with a "Buy" rating and a target price of ₹1,800, implying a 58% upside from the issue price. Emkay Global also has a "Buy" call, with a target price of ₹2,050, potentially marking a 37.7% gain over the IPO price. These positive outlooks are based on the company's strong financials, leadership in key categories, and a growing focus on innovation and domestic manufacturing.
Analysts believe that LG Electronics India is well-positioned to leverage the booming consumer electronics market in India. The company's strengths in premium products, exports, and the B2B business, coupled with its commitment to innovation, distribution, and after-sales service, are expected to drive growth.
The listing of LG Electronics India is expected to be one of the best stock market debuts of 2025.