LG Electronics IPO Rocks NSE: Korean MD Wins Hearts with Hindi Speech

LG Electronics India made a spectacular debut on the stock market on Tuesday, listing nearly 50% above its issue price, but it wasn’t just the numbers that made headlines. The company’s Korean Managing Director, Hong Ju Jeon, stole the spotlight by addressing the audience entirely in Hindi during the NSE listing ceremony.

A Debut That Won Both Hearts and Wallets

Jeon, who became MD of LG Electronics India in January 2023, surprised investors and guests with a heartfelt Hindi address. His speech was praised for warmth, respect, and connection with Indian investors, quickly going viral on social media.

“Namaste, maananeey atithi gan, vishesh roop se NSE ke CEO Shri Ashish Chauhan ji... Yah IPO, LG ke liye keval ek vitteey uplabdhi nahin hai,” said Jeon. His gesture was widely appreciated as a symbol of cultural respect.

Blockbuster Listing on Dalal Street

LG Electronics India listed at Rs 1,710 on NSE and Rs 1,715 on BSE, roughly 50% higher than its issue price of Rs 1,140 per share. Intraday, the stock surged 52.3% before closing with a premium of over 48%. The listing raised LG India’s market capitalization to Rs 1.15 lakh crore (USD 13.07 billion), surpassing its South Korean parent’s valuation.

Investor Guidance Post-Listing

Experts advise a balanced approach. Market analysts suggest booking partial profits to secure gains while keeping some shares for long-term growth.

“Given the sharp listing premium, investors should consider booking partial profits and retain some shares. A stop-loss near Rs 1,400 is advisable,” said Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

Why This IPO Stands Out

Beyond financial success, Jeon’s Hindi speech symbolized LG’s deep connection with Indian consumers, blending business achievement with cultural understanding. The IPO not only filled investor pockets but also hearts, marking a memorable milestone in India’s corporate history.