Mumbai, October 14, 2025 – LG Electronics India (LGEIL) marked its debut on the Indian stock market with a strong listing on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) today. The Initial Public Offering (IPO) saw immense investor interest, being oversubscribed 54.02 times, making it the second most subscribed issue ever in India, only after Reliance Power's 2008 offering for IPOs raising over ₹10,000 crore. The company's shares opened at ₹1,715 on BSE and ₹1,710.10 on NSE, a premium of approximately 50% over the IPO issue price of ₹1,140.

However, the highlight of the day was not just the impressive listing but the heartwarming gesture by LG India's Managing Director, Hong Ju Jeon, who delivered his address in fluent Hindi. Jeon's speech, starting with a traditional "Namaste," resonated deeply with the audience and has since gone viral on social media, winning him accolades for embracing the local culture.

The South Korean MD did not just pepper his speech with a sentence or two in Hindi; he delivered the entire speech in the lingua franca of North India. Social media buzzed with positive reactions to Mr. Jeon's gesture. Users on X (formerly Twitter) praised his effort to connect with the Indian audience on a deeper level. One user noted it was a rare sight to see a South Korean company chief address an IPO in Hindi, signifying a complete commitment to "going local". Another user appreciated that Mr. Jeon chose Hindi over Korean or English, calling it "very wholesome".

Hong Ju Jeon was appointed as the managing director of LG Electronics India in January 2023. He previously served as President of the Gulf region and held senior positions as Managing Director of LG Electronics subsidiaries in Iraq, Jordan, Lebanon, and Syria.

The ₹11,607 crore IPO was a pure offer-for-sale by LG Electronics Inc., the Korean parent company. The IPO price was set at the top of the indicative range at INR 1,140 per share, with subscriptions reaching 54 times the total offering. The listing generated approximately USD 1.31 billion (INR 116.05 billion).

Following the listing, the market capitalization of LG Electronics India rose sharply. The company's shares, however, settled 1.6% lower at ₹1,682.8 on the NSE after the initial surge.

LG Electronics India's IPO is the first overseas listing for LG Electronics and makes it the second South Korean company to be listed on the Indian stock market, after Hyundai Motor India's listing last October. The parent company, LG Electronics, plans to use the funds raised to invest in future businesses and enhance shareholder value.

At the listing ceremony, LG Electronics CEO William Cho reiterated the company's commitment to the Indian market, emphasizing its "Make for India" vision. The company also showcased four new home appliances tailored to local lifestyles. "India is now at the center of our Global South strategy," said William Cho, CEO of LG Electronics.

Analysts have expressed optimism about LG Electronics India's growth potential, citing the company's strong brand reputation, wide distribution network, and robust financial performance. In FY25, LG Electronics India reported a 14% year-on-year increase in revenue to ₹24,631 crore and a 46% surge in profit after tax to ₹2,203 crore. The company maintained a healthy EBITDA margin of 12.8% and a PAT margin of 9%.

Several brokerage firms have initiated coverage on LG Electronics India with "Buy" ratings, setting target prices ranging from ₹1,780 to ₹2,050. Emkay Global Financial Services has set a target price of ₹2,050, valuing the stock at 50x September-27E PER. Motilal Oswal has a target price of ₹1,800, citing strong industry tailwinds and the company's leadership position.

LG anticipates that the listing will support its growth in India, where rising incomes and an expanding middle class are driving strong momentum in appliance adoption. According to the Boston Consulting Group, the proportion of Indian households in the middle-income bracket is expected to rise from 29% in 2020 to 46% by 2030. With a commitment to localization and a strong market presence, LG Electronics India is poised for continued success in the Indian market.