LG Electronics Share Price Live:
LG Electronics made a strong market debut today, listing with a 50% premium over its issue price on both the NSE and BSE. The stock opened at ₹1,710 on NSE and ₹1,715 on BSE, compared to the issue price of ₹1,140 per share, surpassing analyst and grey market expectations.
However, after the bumper listing, LG Electronics shares dipped around 4% in early trade due to profit booking by investors.
According to data from Investorgain.com, the LG Electronics IPO GMP (Grey Market Premium) reached ₹430, reflecting strong demand and bullish sentiment among investors ahead of the listing.
LG Electronics IPO Subscription Highlights
The IPO received an overwhelming response from investors, recording a subscription of 54.02 times on the final day of bidding.
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QIBs (Qualified Institutional Buyers): 166.51 times
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NIIs (Non-Institutional Investors): 22.44 times
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Retail Individual Investors (RIIs): 3.54 times
According to the National Stock Exchange (NSE), LG Electronics IPO attracted bids for 3.85 billion shares, compared to 7.13 million shares on offer.
The ₹11,607 crore IPO was priced in a band of ₹1,080–₹1,140 per share, valuing LG Electronics India at approximately ₹77,400 crore at the upper end.
Market Outlook
Despite the mild dip post-listing, analysts remain optimistic about LG Electronics' long-term growth potential, citing its strong brand presence, expanding market share, and robust financials in India’s growing consumer electronics market.
