Details
🚀 Strong debut: LG Electronics India jumped more than 50% on Tuesday — the best market debut for a billion-dollar IPO since 2021. Shares climbed from ₹1,140 to ₹1,715, pushing its valuation to about US$13 billion — higher than both its Korean parent and the previously targeted US$8.7 billion.
💰 Investor frenzy: Demand was massive. The US$1.3 billion IPO was 54 times oversubscribed within hours, with total bids reaching nearly US$50 billion. Among the buyers were BlackRock, the Abu Dhabi Investment Authority, and Norway’s Sovereign Wealth Fund.
🧊 Solid fundamentals: LG India continues to grow strongly — +14% revenue and +46% profit last fiscal year. As a market leader in washing machines, refrigerators, and air conditioners, with strong brand recognition and a fair valuation (P/E ≈ 35), the listing became a clear investor favorite.
📊 India’s IPO fever: The debut came amid one of the busiest quarters ever for listings. After weaker starts from Tata Capital and WeWork India, LG’s success proved that investors still crave quality consumer brands.
🌏 Signal effect: The blockbuster debut underscores the depth and maturity of India’s capital markets. While Seoul’s market stagnates, global investors are chasing returns from India’s rising middle class — and finding them in the appliance business.
Big Picture
India has cemented itself as a global IPO hub, with markets staying resilient despite 50% U.S. tariffs. The Nifty 50 index has gained about 8% over the past six months. Foreign investors have withdrawn roughly US$25.3 billion this year, but domestic investors poured in around US$63.2 billion. This local buying power supports IPOs like LG Electronics India and explains the strong debuts — even surpassing their parent companies.
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