LG Electronics India shares jumped 50.4 per cent on their trading debut on Tuesday, valuing the company at $13.07 billion (Rs 1.15 lakh crore) and surpassing its South Korean parent’s market capitalisation of nearly $10 billion (Rs 8,800 crore).

The surge marks the country’s most sought-after IPO since 2008, as investors poured in aggressively.

The stock opened at Rs 1,710.10 on the National Stock Exchange, a sharp rise from the issue price of Rs 1,140, and touched a high of Rs 1,749. As of 12.08 pm, shares were trading at Rs 1,695 on National Stock Exchange (NSE).

The strong debut underscores investor confidence in LG Electronics India, highlighting the company’s extensive distribution network and premium brand positioning.

The premium over the issue price signalled that LG Electronic

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