In a dream debut, LG Electronics India listed at a stellar 50% premium over its issue price of Rs 1,140, notching up a valuation of Rs 1.2 lakh crore. The stock listed on the BSE at Rs 1,715 a share. The previous record for highest listing premium was held by Coal India, whose IPO came way back in 2010The debut valued LG India above its South Korean parent’s roughly Rs 79,893 crore ($9 billion) market cap. The listing also put the firm way ahead of its local peers such as Whirlpool, Voltas, and Havells.

Parent LG had offered 15% of its shareholding in the Indian subsidiary through an offer for sale. India is the second market after South Korea where LG is listed. The proceeds will be repatriated by the parent. The Korean brand’s listing beat market expectations, as signalled by its grey m

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