LG Electronics India share price: Stock gains further a day after blockbuster listing; latest update to know

In the early trade, the stock jumped as much as 2.3% to ₹1,728.90 on the NSE.

The company, on Tuesday, post-market hours, unveiled the LG Essential Series, a new line of home appliances "created from the ground level with Indian insights."

As the company’s first major consumer initiative following the public listing of LGEIL, the Essential Series reflects LG Electronics’ (LG) renewed commitment to India, making innovation more accessible to millions of households while meeting their growing aspirations, the company said in its press release.

Under the campaign slogan “Har Ghar Appliances, Har Ghar Happiness”, LG aims to enrich the lifestyles of Indian consumers by ensuring that more households experience the brand promise of Life’s Good firsthand, it added.

The LG Essential Series comprises four key appliances designed for Indian households: -

• Double-door refrigerator with frost-free technology and larger vegetable storage;

• Fully automatic top-load washing machine built to withstand local conditions like dust, humidity and low water pressure;

• Room air conditioner reducing energy consumption with Energy Manager+ & Diet Mode+;

• Convertible oven with Indian auto cook menus, air fry, and convection modes for healthier, versatile cooking.

Developed after engaging with more than 1,200 families across India representing diverse demographics and lifestyles, the series is built on two core philosophies: "Made in India" and "Made for India". Each product is designed to meet the dreams and everyday challenges of Indian consumers, offering superior performance, durability, and thoughtful design, all at an accessible price, it added.

LG Electronics India listing

Shares of LG Electronics India Ltd on Tuesday made a stunning market debut, listing with a premium of over 50%, against the issue price of ₹1,140 per share.

The stock started trading at ₹1,715, surging 50.43% from the issue price on the BSE. Later, it zoomed 52.31% to ₹1,736.40.

On the NSE, the stock made its market debut at ₹1,710.10, registering a premium of 50%.

The initial public offering of LG Electronics India Ltd received 54.02 times subscription on the final day of bidding on the last of the issue, driven by overwhelming participation from institutional buyers.

The ₹11,607 crore IPO had a price band of ₹1,080 to ₹1,140 per share.

This was the second South Korean company to tap the Indian stock market, following the listing of Hyundai Motors India Ltd in October last year.

The IPO was entirely an offer-for-sale (OFS) of 10.18 crore shares, representing about 15% stake, by the South Korea-based parent.

LG Electronics India is a leading player in major home appliances and consumer electronics. The company's products are sold to both B2C and B2B customers in India and abroad. It also provides installation, repair, and maintenance services for all its products.