Shares of LG Electronics India Ltd, a home appliances and consumer electronics manufacturer, made a bumper stock market debut, getting listed at a premium of 50 per cent above the initial public offering (IPO) issue price.

The stock opened at Rs 1,715 a piece on the BSE, up 51 per cent compared to Rs 1,140 per share – the upper band of the IPO ’s price range. The stock surged to Rs 1,736 per share on the BSE during intraday trades in the morning session. On the NSE, the share opened at Rs 1,710 apiece up 50 per cent, and climbed to an intraday high of Rs 1,749 per share.

LG Electronics India Ltd had set the price band of Rs 1,080 to Rs 1,140 per share for its Rs 11,607 crore initial public offering (IPO). At the upper price band, the company was valued at over Rs 77,000 crore.

The

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