LG Electronics India has made history with its IPO, creating a new milestone in the Indian public issue market. The IPO was oversubscribed 54 times, with bids totaling ₹4.4 lakh crore, surpassing all previous records. The company aimed to raise ₹11,607 crore by issuing 7.13 crore shares, but by the final day, applications came in for 385 crore shares, making it 54.02 times oversubscribed. No Indian IPO has ever received such a massive response. The previous record of ₹3.24 lakh crore bids for Bajaj Housing Finance was now surpassed by LG Electronics.

Meanwhile, silver prices hit record levels. In Delhi, the price of silver rose ₹6,000 per kg, reaching ₹1.63 lakh, marking a 72% increase this year. Gold prices remained stable at ₹1,23,600 for 10 grams. Internationally, silver prices per ounce crossed the $50 mark. The strong performance of LG’s IPO and rising precious metal prices reflect growing investor confidence and market enthusiasm.