India, Oct. 14 -- LG Electronics India Ltd made a spectacular debut on the stock market on Tuesday, with its shares listing at a premium of over 50% against the issue price of Rs.1,140 per share.

On the BSE, the stock opened at Rs.1,715, a 50.43% jump, and later surged further to Rs.1,736.40, marking a gain of 52.31%. On the NSE, it debuted at Rs.1,710.10, reflecting a solid 50% premium. With this impressive start, the company's market capitalization touched Rs.1,12,380.95 crore during morning trade.

The Rs.11,607-crore initial public offering (IPO) received a massive response from investors, subscribing 54.02 times on the final day of bidding, largely driven by strong institutional participation. The IPO had a price band of Rs.1,080-Rs...