LG Electronics India soars 50% on debut; valued at $13 bln

LG Electronics India

14/10/2025 06:15

** LG Electronics India LGEL.NS surges 50.4% in trading debut; co valued at $13.07 bln

** Stock NSE open at 1,710 rupees vs issue price of 1,140 rupees

** Prabhudas Lilladher starts coverage with "buy" rating; PT of 1,780 rupees

** Says co's extensive distribution network, premium brand positioning ensures market leadership across categories

** Sees FY25–28 revenue, EBITDA, profit to grow at 9.9%, 10.9%, and 9.3%, led by capacity additions, AMC and B2B expansion, local sourcing push

** Co’s $1.3-billion IPO was fully subscribed; drawing $50 bln in bids

** In comparison, Tata CapitalTATC.NS, opened at 330 rupees, a 1.2% premium to $1.75 billion IPO issue price, on Monday and stayed muted through the day

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))