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The highly awaited LG Electronics India initial public offering (IPO) made a stellar debut on the exchanges on Tuesday, listing at a premium of nearly 50.4% over its issue price.

The stock opened at Rs 1,715 on the BSE and Rs 1,710.10 on the NSE, significantly higher than its issue price of Rs 1,140 at the upper end.

The LG Electronics India IPO witnessed record-breaking demand, attracting total bids worth Rs 4.39 lakh crore. With this, it surpassed the previous highest bidding record of Rs 3.2 lakh crore, set by Bajaj Housing Finance’s IPO last year. The demand from Qualified Institutional Buyers (QIB) was especially noteworthy, being booked 166.51 times and setting a new record for the highest

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