LG Electronics India 's inital public offering (IPO) made a strong market debut, listing at a 50% premium over its issue price after receiving an overwhelming response. The IPO, which was open for subscription from October 7 to 9, was oversubscribed 54.02 times.

On the National Stock Exchange (NSE), LG Electronics India shares opened at Rs 1,710.10 per share, compared to the IPO price of Rs 1,140, marking a 50.01% premium. The Rs 11,607-crore public issue was priced in the range of Rs 1,080–1,140 per share.

On the Bombay Stock Exchange (BSE), the stock listed even higher at Rs 1,715 per share, up 50.44%, taking the company’s market capitalization to around Rs 1.16 lakh crore post-listing.

The listing performance surpassed grey market expectations, where analysts had anticipated gains o

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