Valuation Triumph: LG Indias stellar market debut beats Korean parents Market Cap
LG India made a strong stock market debut, listing at a 50% premium and reaching a $12.8 billion market cap. This valuation impressively surpassed its Korean parent company, LG Electronics Inc.
New Delhi: LG Electronics India Limited made a superb stock market debut on October 14, 2025 as its shares got listed at Rs 1,710 apiece, a premium of around 50 per cent. The company had fixed the IPO price at Rs 1,140. The LG initial public offer is being considered as the most impressive listing among IPOs worth over Rs 10,000 crore in recent years. Furthermore, with this impressive listing, LG's Indian arm surpassed its Korean parent company in terms of valuation.,
On the day of listing, LG India's market cap reached Rs 1,14,223 crore (about $12.8 billion), far exceeding the Rs 82,686.3 crore ($9.3 billion) market cap of its Korean parent, LG Electronics Inc. This means LG India now trades at a 37% higher valuation as compared to its parent firm.
Stock slips slightly, but shines strong
At the time of writing this article on 15th October, the LG India stock traded at Rs 1711 per equity share. After a strong debut, the shares declined a bit to Rs 1,689, but still remained well above the issue price. Through the public offer, LG's Korean parent company offloaded 15 per cent of its stake in the IPO, raising $1.3 billion (₹11,607 crore). The remaining 85% is now valued at $11 billion, 17% more than LG's own market value.
LG India’s charisma like Maruti Suzuki
LG India has now joined the select group of companies valued higher than their parent firms. Previously, Maruti Suzuki India also surpassed its Japanese parent, Suzuki Motor Corp. Maruti's market value is $57.5 billion, more than double Suzuki's $28.3 billion.
LG India’s revenue in FY2025 stood at Rs 24,367 crore, while its Korean parent company generated revenue of around Rs 82,500 crore. Multinational subsidiaries listed in India typically trade at higher valuations than their parent companies.
According to a Business Standard report, an analysis of 11 such companies shows that their trailing 12-month P/E multiples are two to six times higher than their parent companies. This trend has prompted companies like LG and Hyundai to list in India. The IPOs of Hyundai last year and LG now mark the first time these South Korean giants have listed their units outside their home markets. This is encouraging many global giants to list in India.
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