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LG Electronics India Shares Surge 50% in Blockbuster Market Debut

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Delhi, 14 October (H.S.): Shares of consumer electronics giant LG Electronics India made a spectacular debut on the stock markets on Tuesday, rewarding IPO investors with a listing gain of nearly 50%. The share, issued at a price of ₹1,140, opened at ₹1,715 on the BSE and ₹1,710.10 on the NSE.

The initial public offering (IPO) received a phenomenal response from investors, marking the first time in 17 years that an IPO garnered bids exceeding ₹4 lakh crore. Following the strong opening, the stock experienced some volatility, trading at ₹1,660 on the BSE and ₹1,653.50 on the NSE around 10:15 AM.

The ₹11,607.01 crore IPO was open for subscription from October 7 to 9 and was oversubscribed by a massive 54.02 times. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 166.51 times, while the Non-Institutional Investors (NII) category saw a subscription of 22.44 times.

The retail and employee portions were subscribed 3.55 times and 7.62 times, respectively. The IPO consisted of an offer for sale of 10,18,15,859 shares with a face value of ₹10 each.

LG Electronics India has demonstrated robust financial health. The company’s net profit grew from ₹1,344.93 crore in FY 2022-23 to ₹1,511.07 crore in FY 2023-24, and further surged to ₹2,203.35 crore in FY 2024-25. During this period, its total income expanded at a compound annual growth rate (CAGR) of over 10% to reach ₹24,630.63 crore.

For the first quarter of the current fiscal year (April-June 2025), the company has already posted a net profit of ₹513.26 crore on an income of ₹6,337.36 crore. The company’s reserves and surplus stood at ₹5,805.50 crore at the end of the June 2025 quarter.

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Hindusthan Samachar / Jun Sarkar

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