LG Electronics India on Tuesday had a stellar listing on the stock exchanges NSE and BSE, debuting at a whopping premium of 50% above its share price issue. Trading commenced at Rs 1,715 on BSE and Rs 1,710.10 on NSE, considerably above the Rs 1,140 per share issue price, resulting in day-one returns exceeding 50% for investors. The Rs 11,607-crore public offering consisted solely of shares divested by LG Electronics Inc. The issue garnered overwhelming interest, securing 54-fold oversubscription. The qualified institutional buyers' segment witnessed 166 times subscription, whilst retail investors' portion achieved 3.5 times subscription. Before the official listing, the shares attracted strong demand in the grey market, trading at a 31% premium, reflecting strong investor confidence.

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