LG Electronics IPO: Here is how mega IPOs since 2020 performed on listing day

LG Electronics India will make its market debut on Tuesday, October 14. The public issue of home appliances and consumer electronics company saw record subscription as the IPO received bids worth ₹4.39 lakh crore against an issue size of ₹11,607.01 crore.

The LG Electronics IPO turned out to be the most subscribed public issue compared to other major IPOs with an issue size of ₹10,000 crore and above. The portion reserved for qualified institutional buyers (QIB) saw the highest bidding ever, breaking the previous record held by the Bajaj Housing Finance IPO, which saw QIB subscription worth ₹2.60 lakh crore.

The QIB portion of the LG Electronics IPO was booked 166.51 times, receiving bids for over 338 crore shares worth ₹3.85 lakh crore against 2.03 shares on offer for the category. Meanwhile, the non-institutional buyers (NII) segment was booked 22.44 times, while the retail investors segment was booked 3.55 times.

Performance of big-ticket IPOs on listing day (since 2020)

With the overall subscription of 54.02 times, LG Electronics India IPO saw massive investor interest. Among IPOs with an issue size of ₹10,000 crore and above, SBI Cards and Payment Services and HDB Financial's public issue also saw robust subscription.

Biggest gainer and loser

As seen from the above table, 4 out of the 7 IPOs listed below their issue price. Paytm's parent company, One 97 Communications, saw the biggest fall on the listing day. The stock hit an all-time low of ₹310 per share in May 2024 amid an RBI crackdown on the company’s various businesses. However, the stock showed a smart recovery in subsequent months, but still trades below its IPO issue price of ₹2150 per share.

Swiggy shares listed at ₹420 per share, above their issue price of ₹390 per share. However, the stock saw profit booking in the subsequent months because of weak quarterly results. As a result, the stock made an all-time low of ₹297 per share in May 2025.

Key takeaways

• Several large IPOs have underperformed: Many of the largest IPOs have delivered negative returns since listing. For example, Paytm is trading significantly below its IPO prices, reflecting investor concerns around the company's profitability, business execution and rising competition.
• Legacy businesses perform better after listing: Established players like SBI Cards and Hyundai Motor continue to maintain healthy margins, supported by mature operations and robust distribution networks. In contrast, several newer, high-growth companies like Swiggy and Paytm are still grappling with profitability, despite generating significant revenues. This reflects a broader trend where markets are favouring operational stability over rapid, loss-making expansion.

Several large IPOs have grab attention due to their scale and brand appeal. However, their post-listing performance in the secondary market continues to vary significantly.

In recent years, the Indian IPO market has emerged as one of the top-performing markets globally. As IPO pipeline grows with several big-ticket IPOs like Lenskart, NSE Ltd, ICICI Prudential AMC, PhysicsWallah and Groww are planning to launch their public issue soon. Investors should think beyond issue size and evaluate the company's fundamentals, business prospects and other key metrics before investing.