LG Electronics India IPO: Record 48% Debut Gains Make It the Strongest ₹10,000-Crore Listing Yet – PL Capital Sees Growth Ahead

Mumbai | October 16

LG Electronics India IPO made a historic debut on Dalal Street this week, with the stock soaring 48% above its issue price of ₹1,140 per share — marking the strongest listing among all Indian IPOs exceeding ₹10,000 crore. The ₹11,607 crore IPO was subscribed 54 times, showing strong investor demand across institutional, HNI, and retail segments. The listing underscores investor confidence in India’s consumption-led growth and premium brand resilience.

LG Electronics India shares opened at ₹1,710 on NSE and closed at ₹1,682.8, giving the company a market capitalisation of ₹1.14 lakh crore — surpassing even its South Korean parent, LG Electronics Ltd. The listing outperformed large IPOs such as Coal India (39.8%), Swiggy (16.9%), and HDB Financial Services (13.6%), while contrasting sharply with Paytm (-27.4%), LIC (-7.8%), and Hyundai India (-7.2%).

A Record-Breaking Debut Among India’s Mega-IPOs

LG Electronics India’s blockbuster debut has set a new benchmark for large-cap listings. Among IPOs exceeding ₹10,000 crore, LG’s 48% debut gain is the highest ever recorded. Market analysts believe this reflects India’s deepening equity culture, rising domestic liquidity, and the preference for companies with proven brand power and strong balance sheets.

The IPO success marks a turning point for global MNCs in India, validating the ‘Make in India, Make for India’ opportunity. According to PL Capital, this IPO’s success signals a growing appetite for high-quality manufacturing and technology-driven consumer names.

“This listing is not just about a brand’s strength — it’s a story of India’s manufacturing maturity and consumer appetite for quality,” said PL Capital “The level of participation reflects long-term confidence in companies combining global innovation with Indian execution.”

PL Capital View: Innovation, Growth and Localisation

In its coverage, PL Capital initiated a BUY rating on LG Electronics India with a target price of ₹1,780, projecting a healthy revenue CAGR of 9.9%, EBITDA CAGR of 10.9%, and PAT CAGR of 9.3% over FY25–28. The firm expects steady growth driven by localisation, premiumisation, and innovation in AI-powered home appliances, along with robust after-sales and B2B expansion in cooling and data-centre solutions.

“LG India represents the perfect blend of global technology and local execution,” noted PL Capital in its report. “We see it as a steady compounder that balances affordability with innovation, positioning it well within India’s premium consumption story.”

LG Electronics India IPO: Financials and Valuation Snapshot

Why Investors Are Bullish on LG Electronics India

Analysts believe the company’s strong debut performance is a sign of its long-term potential in India’s growing consumer durables market. Its leadership in home appliances, robust financials, and consistent brand recall make it a core addition for investors seeking stability and growth.

As PL Capital’s report suggests, LG India’s scalable model — backed by localisation, R&D expansion, and premiumisation — positions it as a long-term compounder in India’s consumption boom.

Bottom Line

LG Electronics India’s record-breaking IPO debut showcases the perfect mix of global pedigree, local manufacturing excellence, and investor trust. Its strong fundamentals, expanding innovation base, and focus on profitability make it a promising pick for investors looking beyond short-term volatility.

With PL Capital’s BUY rating and a target price of ₹1,780, LG Electronics India stands out as a benchmark IPO that redefines what premium consumer plays can deliver in India’s equity markets.