What's the story

LG Electronics India 's shares soared by 50.4% on their trading debut today, valuing the company at $13.07 billion (approximately ₹1.15 lakh crore). The stellar performance of the Indian subsidiary has surpassed its South Korean parent's market capitalization of nearly $10 billion (around ₹8,800 crore). The IPO was heavily oversubscribed and received bids worth a staggering $50 billion, highlighting investor confidence in India's consumer demand and manufacturing growth prospects.

Market performance

LG Electronics India posts stellar debut

Shares of LG Electronics India debuted at ₹1,710.1 on the National Stock Exchange of India and quickly climbed to ₹1,714.90. The company's issue price was set at ₹1,140 per share. This marks the best stock market debut for a billi

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