India, Oct. 16 -- The Tata Capital IPO may have been India's largest initial public offering, but it was the LG India IPO that raked in the moolah - not just for investors.

Both the companies listed this week. Tata Capital Ltd. rose 1.4% on its listing day and LG Electronics India Ltd. popped 48% in the best market debut for an IPO of its size. The IPO itself was India's most subscribed billion-dollar initial public offering in 17 years.

"LG's record-breaking market debut was driven by strong investor conviction on vision and fundamentals of the company," Atul Mehra, managing director and chief executive of book-running lead manager Axis Capital Pvt. Ltd., told Bloomberg.

"The blockbuster listing underscores the depth and maturity of I...