LG Electronics India saw a strong market debut on Tuesday, rising 50.4% and reaching a valuation of $13.07 billion (₹1.15 lakh crore). The company’s value even crossed that of its South Korean parent, worth around $10 billion (₹8,800 crore). This surge marked India’s most successful IPO since 2008.
The stock opened at ₹1,710.10 on the National Stock Exchange, far above its issue price of ₹1,140. It later touched ₹1,749 before settling at ₹1,695 by noon. Investors showed strong confidence in LG’s solid brand image and wide distribution network.
Brokerages expressed optimism about LG Electronics India. Prabhudas Lilladher and Motilal Oswal both gave a “Buy” rating, setting targets of ₹1,780 and ₹1,800. They highlighted LG’s leadership in key categories, focus on localisation, and premium product strategy as key growth drivers.
India’s home appliances and consumer electronics market is projected to grow 14% annually from 2024 to 2029. LG Electronics India, already a leader in major product segments, is positioned to capture this growth. The company’s quarterly profit stood at 688.9 billion won ($482.6 million), an 8.4% drop from last year.
