In one of the most anticipated market events of the year, LG Electronics India made a spectacular debut on Indian bourses, soaring 50% above its issue price on opening day. The resounding success of its ₹116 billion ($1.3 billion) initial public offering (IPO) underscores the growing depth of India’s capital markets and the rising appetite for global consumer brands.
Shares of LG Electronics India opened at ₹1,710, significantly above the upper end of its issue price band of ₹1,080–₹1,140, signaling extraordinary investor enthusiasm. Data from stock exchanges revealed the IPO had been oversubscribed more than 54 times, attracting bids worth ₹4.4 trillion (around $50 billion).
“This debut marks not just the success of a single listing, but a reflection of investor faith in India’s consumer growth story,” said Pranav Haldea, Managing Director at PRIME Database. “It’s rare to see such a strong institutional response, especially for a foreign-origin company operating in India.”
The IPO — structured as an offer for sale (OFS) — saw parent company LG Electronics Ltd. of South Korea divest 101.8 million shares. Investment banks Morgan Stanley, J.P. Morgan, Axis Capital, BofA Securities, and Citigroup Global Markets India jointly managed the issue.
Institutional Euphoria Meets Retail Optimism
Institutional investors dominated the action, with Qualified Institutional Buyers (QIBs) oversubscribing their quota 166 times, while retail investors showed solid confidence, subscribing 3.55 times their allocation.
According to market watchers, this dual enthusiasm — from both global funds and small investors — points to strong optimism about LG’s position in India’s booming appliance and electronics industry.
“LG Electronics India has managed to create one of the most trusted consumer brands in the country,” said Himanshu Dugar, a SEBI-registered independent equity analyst. “Its diversified product line across price segments gives it resilience in a competitive market.”
A Strategic Bet on India’s Growth Story
LG Electronics India’s success story is closely tied to India’s expanding middle-class and its digital transformation. The company manufactures and markets a wide range of products — from smart televisions and washing machines to air conditioners and IoT-based home devices — that have become household staples.
According to Redseer Strategy Consultants, India’s electronics and appliances market, currently valued at $75 billion, could nearly double to $130–150 billion by 2029. LG, with its brand trust and deep local manufacturing capabilities, is well positioned to lead this growth.
“This IPO gives investors exposure to a business that’s riding multiple trends — premiumization, local manufacturing, and smart home adoption,” said Dugar.
IPO Frenzy Fuels India’s Market Momentum
India continues to dominate global IPO activity in 2025. According to EY’s Global IPO Trends Report, the country logged 146 IPOs in Q3 alone, raising $7.2 billion, and bringing total fundraising to $11.8 billion so far this year.
The average IPO return of 17.5% reflects the robustness of India’s equity ecosystem. LG Electronics India’s stellar debut adds fresh momentum and may inspire more global consumer brands to seek listings on Indian exchanges.
The last comparable global corporate listing on Indian soil was Hyundai Motor India’s IPO in October 2024, which also enjoyed significant oversubscription.
Analysts See More to Come
Analysts expect LG’s listing success to trigger renewed interest among other multinational corporations looking to unlock value from their Indian operations.
“LG’s IPO is a strong signal that India’s capital markets are now mature enough to host global subsidiaries,” said Neha Mehta, a capital market strategist at Nomura India. “The participation levels we saw this week reflect both liquidity and long-term investor trust.”
