Key Points:
- LG Electronics India share price jumped 50% on debut, hitting a ₹1.14 lakh crore market cap.
- Analyst boost: Multiple buy ratings with targets up to ₹2,050.
- High demand: IPO subscribed 54x, led by institutional investors.
Shares of LG Electronics India Ltd. advanced on Wednesday, a day after the company’s stock closed 50% higher on its trading debut. The LG Electronics India share price was up 1.7% at ₹1,718 on the National Stock Exchange around 9:20 a.m., extending gains from their initial surge.
The stock is listed at ₹1,710.10 on the NSE and ₹1,715 on the Bombay Stock Exchange, against its issue price of ₹1,140 per share. It closed Tuesday’s session at ₹1,682.80, marking a 47.6% rise from the issue price. Trading volumes were high, with 6.9 crore shares changing hands and a turnover of ₹11,651 crore. About 61% of traded shares were marked for delivery.
At the end of its debut session, the company’s market capitalization stood at ₹1.14 lakh crore, making the Indian arm more valuable than its South Korean parent, which is valued at about $9.2 billion.
Nomura adds to bullish outlook
Brokerage firm Nomura initiated coverage on LG Electronics India share price on Wednesday with a “buy” rating and a target price of ₹1,800 per share. It became the ninth brokerage to issue a positive rating since the company’s listing.
Nomura cited India’s favorable demographics and relatively low penetration of large appliances as key growth drivers. The brokerage noted that premiumization is becoming a structural trend across consumer categories, benefiting companies that focus on innovation, localization, and premium market segments.
“Value creation for investors will depend on how effectively the company captures a larger share of the premium landscape,” Nomura said in its note.
The firm expects LG Electronics India to deliver a return on equity (RoE) of 31% and a return on invested capital (RoIC) of 56% by fiscal year 2028. It projects that the LG Electronics India share price will trade between 30 to 45 times forward earnings, positioning it in the mid-range of consumer electronics valuations.
Strong support from analysts
Nomura’s assessment aligns with that of several other brokerages, which also issued “buy” ratings following the company’s debut. On listing day, six firms—Motilal Oswal, Equirus, Emkay, ICICI Securities, PL Capital, and Antique—gave positive recommendations, forecasting an upside of up to 80% from the issue price.
| Brokerage | Rating | Target Price | Upside vs Issue Price |
| Motilal Oswal | Buy | ₹1,800 | 58% |
| Equirus | Long | ₹1,705 | 50% |
| Emkay | Buy | ₹2,050 | 80% |
| ICICI Securities | Buy | ₹1,700 | 49% |
| PL Capital | Buy | ₹1,780 | 56% |
| Antique | Buy | ₹1,725 | 51% |
IPO saw strong investor interest
The initial public offering (IPO) of LG Electronics India share price was subscribed 54 times, driven mainly by institutional investors, who bid more than 160 times the shares reserved for them. Non-institutional and retail categories also saw strong participation.
Before the IPO opened, the company raised ₹3,475 crore from anchor investors. The price band was set between ₹1,080 and ₹1,140 per share. The issue was entirely an offer for sale (OFS) by the parent company, LG Electronics Inc., meaning the Indian unit did not receive proceeds from the listing.
With this debut, the LG Electronics India share price became the second South Korean company to go public in India, following Hyundai Motor India Ltd., which listed in October last year.
As of Wednesday morning, the stock continued to trade firmly, supported by strong analyst sentiment and sustained investor demand.
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