BENGALURU, Oct 14 (Reuters) – LG Electronics India made a stellar stock market debut on Tuesday, listing at a premium of 50% to its issue price of 1,140 rupees per share.
This is the best listing for a billion-dollar Indian initial public offering since Eternal, the parent company of food delivery and restaurant-listing platform Zomato, debuted in 2021.
Here’s a look at how India’s other billion-dollar IPOs have done this decade:
SBI CARDS AND PAYMENT SERVICES (MARCH 2020)
The credit card arm of India’s largest lender, State Bank of India, slid about 13% in market debut, as the COVID-19 pandemic worries dampened enthusiasm for one of the country’s largest public listings.
ETERNAL, FORMERLY KNOWN AS ZOMATO (JULY 2021)
The food and grocery delivery platform listed at a premium of 51.3% to its issue price, giving the startup a valuation of about $13 billion and setting the stage for other domestic startups waiting in the wings with listing plans of their own.
ONE97 COMMUNICATIONS (NOVEMBER 2021)
The parent of digital payments start-up, Paytm, made one of the worst major Indian stock market debuts as its shares listed at a 9% discount and closed the first day 27% below its offer price due to concerns over profitability and lofty enterprise value.
LIFE INSURANCE CORPORATION OF INDIA (MAY 2022)
Shares of India’s biggest insurer slid nearly 9% in market debut amid broader market volatility and concerns over its market share loss to rivals.
HYUNDAI MOTOR INDIA (OCTOBER 2024)
The automaker’s shares fell 1.5% on listing after retail investors gave a lukewarm reception to the country’s biggest-ever IPO amid concerns about a lofty valuation and an auto industry slowdown.
The SoftBank-backed food and grocery delivery platform listed at a 5.6% premium and extended gains through the day, signaling growing investor confidence in the segment.
NTPC GREEN ENERGY (NOVEMBER 2024)
The renewable energy firm’s shares jumped as much as 14% on their debut, as investors bet on the country’s growing clean energy needs and the company’s diversified portfolio.
HDB FINANCIAL SERVICES (JULY 2025)
Non-banking financial lending arm of the country’s largest private lender HDFC Bank jumped about 13% on listing, notching a valuation of $8.2 billion, as investors bet on long-term growth prospects in the world’s most populous country.
TATA CAPITAL (OCTOBER 2025)
India’s third-largest non-bank lender made a muted debut, listing slightly higher than its issue price at a $15.78 billion valuation, with investors seemingly not that keen on the Tata Group’s first IPO in two years due to a crowded IPO market and lack of valuation discount to listed peers.
(Reporting by Vivek Kumar M; Editing by Rashmi Aich)
