LG Electronics India Surpasses Korean Parent in Market Value After 50% Listing Surge

LG Electronics India made a stunning stock market debut on October 14, with its shares soaring 50.4% to ₹1,714.90 on the National Stock Exchange, significantly above its issue price of ₹1,140. This strong listing pushed the company’s market valuation to $13.07 billion, overtaking its South Korean parent’s market cap of nearly $10 billion.

The listing marks one of the most successful IPO debuts in India’s recent history, highlighting investor enthusiasm for the company’s strong brand presence and growth prospects.

IPO Breaks Records as Investors Rush In

The company’s $1.3 billion IPO was subscribed within hours of opening, drawing bids worth a staggering $50 billion. This made it the most sought-after billion-dollar IPO since 2008, surpassing even high-profile listings such as LIC’s $2.7 billion IPO (2022), Paytm’s $2.5 billion debut, and Zomato’s $1.3 billion issue (2021).

Such massive demand reflects growing investor confidence in India’s booming consumer market and its expanding manufacturing ecosystem.

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Analyst View: Brokerage Sees Further Upside

Brokerage firm Prabhudas Lilladher initiated coverage on LG Electronics India with a “Buy” rating, setting a price target of ₹1,780 — indicating an upside potential of nearly 4% from current levels.

The brokerage highlighted that LG Electronics India’s extensive distribution network and premium brand positioning provide a strong competitive edge. It expects the company’s revenue, EBITDA, and profit to grow at 9.9%, 10.9%, and 9.3%, respectively, between FY25–FY28, driven by capacity expansion, AMC and B2B growth, and local sourcing initiatives.

“The company’s leadership across multiple product categories makes it one of the strongest consumer durable plays in India,” the report noted.

Valuation and Peer Comparison

With a $13.07 billion market capitalisation, LG Electronics India has now positioned itself ahead of major listed peers such as Whirlpool India ($1.67 billion), Voltas ($5.16 billion), and Havells ($10.42 billion).

The valuation even exceeded its pre-IPO target of $8.73 billion, underlining strong investor conviction in the company’s long-term growth story.

Muted Debut for Tata Capital

In contrast, Tata Capital’s listing on the same day remained subdued. The stock opened at ₹330, a modest 1.2% premium to its ₹1.75 billion IPO issue price, and stayed largely flat through the session — highlighting the difference in market enthusiasm compared to LG Electronics India’s debut.

A Milestone for India’s Consumer Market

LG Electronics India’s record-breaking debut signals a major vote of confidence in India’s consumer electronics and manufacturing sectors. The company’s ability to outpace its Korean parent in market valuation marks a symbolic shift — showing that India is not just a growth market, but also a hub for global value creation.

With its premium brand positioning, strong retail network, and growing local manufacturing base, LG Electronics India appears well-poised to maintain its leadership in the fast-evolving consumer durables market.

Key Highlights:

• LG Electronics India’s shares surged 50.4% on debut, valuing it at $13.07 billion.

• Now more valuable than its Korean parent (approx. $10 billion).

• IPO drew $50 billion worth of bids, the most since 2008.

• Brokerage Prabhudas Lilladher issued a “Buy” rating with a ₹1,780 target price.

• Strong revenue and profit growth expected through FY25–FY28.

• Tata Capital’s IPO debut stayed muted, up just 1.2%.

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