LG Electronics India's IPO to list on Thursday
LG Electronics India's IPO is set for a strong start, with analysts predicting listing gains of 30-35%.
The company raised ₹11,607 crore by selling 10.18 crore shares.
Demand was huge—the IPO was oversubscribed 54 times overall, led by institutional investors who bid a massive 166.5 times their quota.
Non-institutional and retail investors also showed strong interest.
Strong financials support high valuations
LG Electronics India is a major name in consumer electronics—think TVs, ACs, fridges, and washing machines.
For FY25 (the year ending March 2025), it posted a net profit of ₹22,033.48 crore on revenues of ₹243,666.38 crore.
The company's return ratios are impressive too: ROE at 37% and ROCE above 40%.
Analysts expect strong listing gains
The IPO price values the company at about 35 times its earnings—cheaper than sector peers trading at up to 60 times earnings.
A gray market premium near 30% signals high demand, and some analysts think the stock could see another boost of up to 20% even after listing day gains.