LG Electronics Shares Surge as Lock-in Period Ends, Unlocking 44 Crore Shares
LG Electronics shares in focus as lock-in expiry frees up 44 crore shares: Here's how they performed since IPO
economictimes_indiatimes
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LG Electronics India is under scrutiny as over 44 crore shares become available for trading following the expiration of a six-month lock-in period. The stock, which debuted at ₹1,710.10 per share, is currently trading at ₹1,501, reflecting a 12% decline from its listing price but a 32% increase from its IPO price.
- 01Over 44 crore shares will be available for trade after the lock-in period ends.
- 02The stock debuted at ₹1,710.10 but is currently at ₹1,501, down 12% from its listing price.
- 03LG Electronics' IPO was oversubscribed by more than 54 times.
- 04Elara Securities maintains an 'Accumulate' rating with a target price of ₹1,750.
- 05The company anticipates modest revenue growth of 2-3% for FY26.
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LG Electronics India is seeing increased attention as the six-month lock-in period for shareholders expires, releasing 441 million shares (65% of total outstanding shares) for trade. This represents a market value of over ₹66,194 crore based on the last closing price of ₹1,501. The stock had a strong debut in October 2024, listing at ₹1,710.10 after a successful IPO that raised ₹11,607 crore and was oversubscribed by more than 54 times. However, it has since struggled, declining over 25% from its peak of ₹1,749 to a low of ₹1,304. Recently, the stock has recovered by 15% but remains 12% below its listing price. Analysts at Elara Securities have a positive outlook, maintaining an 'Accumulate' rating and targeting ₹1,750, citing the company's leadership in durable goods and expected revenue growth of 2-3% for FY26.
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The release of shares may lead to increased trading activity and potential price volatility, affecting investors and market sentiment.
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