LG Electronics Share Price Live: LG Electronics India shatters Rs 10,000 crore IPO curse; Emkay sets Rs 2,050 target

LG India's financial performance underscores its strong market foothold. For FY25, the company reported revenue of Rs 2.43 lakh crore, marking a 14% year-on-year growth, while net profit jumped 46% to Rs 2,203 crore.

The company holds a leading position across key product categories, including washing machines, refrigerators, panel TVs, air conditioners, and microwaves. Its return metrics are among the industry's best, with ROE at 37% and ROCE exceeding 40%.

Emkay Global Financial Services took the most bullish view on the Street, assigning a target price of Rs 2,050 for LG Electronics India-an ambitious 80% upside from the IPO price. The brokerage's valuation pegs LG India at 50x its estimated FY27 price-to-earnings ratio, about a 10% premium to Havells India.

"Over the past three decades, LG has built a dominant franchise across major appliance segments, maintaining premium positioning through its global R&D capabilities, strong brand equity, and efficient execution," Emkay's analysts said. They forecast a 13% revenue CAGR during FY26-28E, which is expected to drive a 14% growth in earnings per share.

LG Electronics India surged 50.4% in its trading debut on October 14 and valued the company at $13.07 billion, eclipsing its South Korean parent's market capitalisation of nearly $10 billion, as investors piled into the country's most bid-for IPO since 2008. Shares of the Indian arm of LG Electronics rose to Rs 1,714.90 after it listed at Rs 1,710.1 on the National Stock Exchange of India. Its issue price was at Rs 1,140. (Read More)

General Insurance Corporation of India (GIC Re) also failed to capture market enthusiasm. Its Rs 11,257-crore IPO debuted 4.6% below the issue price, adding to the list of underwhelming large-cap listings.

The Rs 20,557-crore IPO of Life Insurance Corporation (LIC) in 2022 - India's biggest ever - struggled to impress investors. Subscribed just twice, it listed 7.8% lower, reflecting subdued sentiment toward government-backed offerings.

Paytm's Rs 18,300-crore IPO in 2021, India's largest until LIC, met with a brutal market reaction, plunging 27% on listing day and setting a cautionary precedent for high-valuation tech listings.

Hyundai's IPO failed to generate post-listing excitement, with the stock delivering a flat performance on debut despite being among the biggest offerings.

HDB Financial's public issue managed a mild success, listing at a 13% premium. Though not spectacular, it was one of the few large IPOs that avoided early losses.

Coal India's 2010 IPO remains one of India's most successful large issues. The Rs 15,199-crore offer was subscribed 15 times and debuted with a strong 39.7% premium, making it a standout performer among mega listings.

LG Electronics India Ltd is set to make its stock market debut today, October 14, following a well-received IPO. Motilal Oswal highlighted in its report that the share price could see a potential 58% upside, reflecting the company's strong position in the consumer electronics industry.

According to MOFSL, "The company plans to balance between premium and mass products as part of LG's global strategy, aiming for the premiumization of mass products. This approach is expected to improve affordability and expand its customer base."

Motilal Oswal further noted that, based on the upper price band of the IPO, it has initiated coverage on LG Electronics India with a BUY rating and a target price of Rs 1,800, based on 40x FY28E EPS. The company has a strong presence across both online and offline channels in India, with offline stores dominating key consumer durables categories, including TVs, washing machines, refrigerators, air conditioners, ovens, and water purifiers.

LG Electronics India shares made a bumper stock market debut to list at 50 percent premium over its IPO price on the National Stock Exchange (NSE). Shares of LG Electronics India were listed at Rs 1,710.10 per share on the NSE, a strong premium of 50.01 percent. The issue had a price band of Rs 1,080-1,140 per share. (Read More)

LG Electronics Share Price Live: LG Electronics India's listing ceremony is underway at NSE - WATCH LIVE

Shares of LG Electronics India are trading at Rs 1,400 in the BSE pre-open session, showing no change from the previous close in absolute terms but reflecting a jump of Rs 260, or 22.81%, based on grey market indications, as investors await the stock's market debut.

Elara Capital described the IPO as "attractively priced," highlighting that at a price-to-earnings ratio of 35x FY25 earnings, LG is trading at nearly 50% discount to industry peers. The brokerage noted that the company is well-positioned to capitalise on India's increasing demand for home appliances and electronics.

Brokerages believe LG's strong brand equity, large-scale operations, and focus on innovation will support sustained long-term growth. Analysts also point to India's growing middle class and rising disposable income as key factors that could drive demand for premium consumer goods, benefiting LG in the years ahead.

Around 77% of LG's sales come from offline retail channels, supported by a network of over 35,000 retail touchpoints nationwide. Its manufacturing units in Noida and Pune account for roughly 85% of total production, reducing reliance on imports and enabling efficient cost management.

Founded in 1997, LG Electronics India is one of the country's largest consumer electronics and home appliance manufacturers. The company has a strong presence across multiple product categories, including televisions, refrigerators, washing machines, microwaves, and air conditioners.

According to Bloomberg, some investors are warning that the surge of IPOs could weigh on an already struggling Indian stock market. Indian companies are expected to raise a record $5 billion this month, making the country one of the world's busiest markets for new share sales. Market participants caution that a rotation of funds into IPOs could leave less capital for existing stocks, putting pressure on broader indices. Indian equities have already lagged most Asian peers this year, with nearly $17 billion in foreign outflows driven by concerns over slowing earnings growth, high valuations, and steep U.S. tariffs.

LG Electronics India's shares could rally around 30%, based on the premium at which they are trading in unofficial markets, according to data from ipowatch.in. Such potential gains for an IPO worth over $1 billion would put it in the league of major listings like Paytm and Eternal, which were investor favorites. A strong debut by the multinational firm could further energize October's record-breaking listing spree in India, with Lenskart and Billionbrains Garage Ventures also planning to raise a combined $1.7 billion through first-time share sales later this month.

With this listing, LG Electronics India has become the second South Korean company to enter the Indian capital market, following Hyundai Motor India Ltd, which debuted in October last year.

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Narendra Solanki, Head of Fundamental Research (Investment Services) at Anand Rathi Shares and Stock Brokers, said that LG Electronics India's valuation appears reasonable when assessed against its annualised FY26 earnings.

"At a post-issue market capitalisation of around Rs 77,380 crore and a price-to-earnings (P/E) multiple of 37.6 times, the issue seems fairly priced," Solanki said. "Investors who received allotment may consider booking partial profits on listing gains while holding the remaining shares for the long term."

Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities, said that while LG Electronics India is expected to list at a premium, the company also represents a compelling long-term investment opportunity.

"Given its dominant position in India's home appliances market and diversified product portfolio, investors who received allotment may hold the stock for the long term," Tapse said. "Those who missed the allotment can take a wait-and-watch approach and look to buy on meaningful dips after listing."

He added that the issue was attractively priced compared to industry peers, with positive growth prospects driven by steady demand and potential policy reforms that could enhance consumer affordability.

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In its red herring prospectus, the company said that the listing is expected to enhance its market presence. "Listing of the equity shares will improve our visibility, strengthen our brand image, and provide liquidity and a public market for our equity shares in India," LG Electronics India stated.

As the IPO was entirely an offer for sale (OFS), there was no fresh issue of shares. Hence, the entire proceeds from the issue will go to the selling shareholders.

The Nifty 50 defended the 25,150–25,200 zone, which can act as immediate support, with 25,000 serving as a key support level. On the higher side, the 25,400–25,500 range is expected to be a key resistance zone. A decisive move above this range could open the door to test the June swing high of 25,670, according to experts. (Read More)

According to media reports and data from investorgain.com, unlisted shares of LG Electronics India are trading at a grey market premium (GMP) of around Rs 430, indicating positive sentiment ahead of the listing.

The non-institutional investors (NIIs) category was subscribed 22.45 times, with bids for 34,20,85,835 shares compared to 1,52,40,770 shares available. Meanwhile, retail individual investors (RIIs) applied for 12,61,50,037 shares against 3,55,61,796 shares reserved, translating into a 3.55 times subscription.

The qualified institutional buyers (QIBs) segment witnessed record participation, receiving bids worth Rs 3.85 lakh crore, surpassing the previous record held by the Bajaj Housing Finance IPO at Rs 2.60 lakh crore. The QIB portion was subscribed 166.51 times, as investors placed bids for 3,38,36,21,748 shares against 2,03,21,026 shares offered.

The IPO received a stellar response, with an overall subscription of 54.02 times. Investors applied for 385.34 crore shares against 7.13 crore shares available, amounting to bids worth Rs 4.39 lakh crore, according to consolidated data from the stock exchanges.

The shares of LG Electronics India will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) at 10 am on Tuesday, October 14, 2025.

Shares of consumer electronics giant LG Electronics India Ltd are set to debut on the stock exchanges today, October 14. The Rs 11,607.01 crore initial public offering (IPO) attracted strong investor interest during the subscription period. The IPO allotment was finalised on Friday, October 10.