The shares of LG Electronics' IPO debuted at 50% premium over issue price at Rs 1,719 on the NSE (Image Source: LG) Show Quick Read Summary is AI Generated. Newsroom Reviewed

LG Electronics India Ltd. surpassed the market capitalisation of its South Korean parent, as it listed with a premium of over 50% at the Dalal Street on Tuesday.

The scrip closed 48.2% higher at Rs 1,689.9, after opening at Rs 1,710.1, well above the issue price of Rs 1,140. This surge gave the company a market valuation of about $13 billion, outpacing both its own $8.73 billion IPO target and the roughly $9 billion market value of its parent company.

Riding high on India's booming consumer demand, LG's initial public offering was bolstered by policy support, including recent tax cuts on appliances like refrig

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