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Is the Rs 10,000 crore IPO jinx over? LG India shares listing breaks 15-year old Coal India record
LG Electronics India made a strong debut on Dalal Street, listing at a 50% premium over its Rs 1,140 issue price. The IPO’s success, rare among India’s Rs 10,000-crore-plus issues, is attributed to reasonable valuations, dominant market positioning, and robust earnings visibility. With a diversified portfolio across home appliances, TVs, and ACs, LG continues to outpace peers in margins and growth.
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