LG shares listed at ₹ 1,715, up 50%: Issue price was ₹ 1,140, ​​investors got a profit of ₹ 575 on each share.

Shares of the Indian unit of South Korean company LG were listed in the stock market today, October 14, up 50% at Rs 1,715. Its issue price was ₹1140. That means, with the listing, investors have made a profit of ₹ 575 on each share.

After listing, the company’s shares are currently trading at Rs 1,656. The IPO of LG Electronics opened on October 7, with the opportunity to bid till October 9. The issue was subscribed a total of 54.02 times in three days.

Advice to book small profits at these levels

Experts are advising investors to adopt a balanced approach. According to experts, it would be better to book some profit at these levels. At the same time, some shares can be kept for long term. It would be safe to set a stop-loss around Rs 1,400 to protect against market volatility or sudden falls.

The company sold 15% stake in the issue

In this IPO, the existing investors of the company sold 10.18 crore shares, the value of which is Rs 11,607 crore. This is 15% stake of the company. The company did not issue any fresh shares.

This is the second time that the IPO of a South Korean company has come in the Indian stock market. Hyundai Motors India’s IPO came in October last year.

LG, a leading company in the consumer electronics sector

LG Electronics India sells its products in India and abroad. The company manufactures and sells products like washing machines, refrigerators, LED TV panels, inverters and air conditioners. Its manufacturing units are in Noida and Pune.

LG Electronics was founded in 1958 in South Korea under the name Goldstar. Its entry in India was in January 1997. As of February 2025, the company employs more than 2,300 employees. As of June 2025, the company earned a profit of ₹513 crore.

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