LG Electronics India IPO: Everything You Need to Know
LG Electronics India Limited, the established subsidiary of South Korea’s LG conglomerate, is bringing one of the largest IPOs of 2025 to Indian markets. The issue is entirely an Offer for Sale (OFS), with no fresh capital raised for the Indian business. LG Electronics Inc. (South Korean parent) will offload 10.18 crore shares, raising ₹11,607 crore and reducing its stake by about 15% in the listed entity.
This guide covers every detail that a retail investor or business reader would want to understand about its IPO, finances, business profile, prospects, and sector context.
LG Electronics India IPO Dates & Launch Details
- IPO opening date: 7th October 2025
- IPO closing date: 9th October 2025
- Basis of allotment: 10th October 2025
- Refund initiation: 13th October 2025
- Expected listing date: 14th October 2025 (BSE & NSE)
Price Band & Investment Details
- Price band: ₹1,080 – ₹1,140 per equity share (Face value: ₹10 per share)
- Minimum lot size: 13 shares
- Minimum investment: ₹14,820 at the upper price band for retail investors
- Maximum retail investment: 169 shares (13 lots), ₹1,92,660
Morgan Stanley India Co.Pvt.Ltd is the lead manager for this issue.
IPO Structure
Detail | Information |
|---|---|
Issue Type | Offer for Sale (OFS) |
Issue Size | ₹11,607 crore |
Total Shares Offered | 10.18 crore |
Promoters | LG Electronics Inc. |
Employee Discount | ₹108 |
Reservations | QIB: up to 50%, NII: 15%, Retail: 35% |
Listing Exchanges | |
Registrar | Kfin Technologies Ltd. |
Lead Manager | Morgan Stanley India Co.Pvt.Ltd |
About LG Electronics India
LG Electronics India is one of the country’s leading home appliance and consumer electronics manufacturers since its inception in 1997. The business covers a broad spectrum:
- Product range: Refrigerators, washing machines, air conditioners, TVs, microwave ovens, and more.
- Manufacturing: Two units in Noida (UP) and Pune (MH), with over 97% of Indian products made locally.
- Distribution: Pan-India network of 25 warehouses, 949 service centres, 31,291 dealers and sub-dealers, and more than 36,000 consumer touchpoints.
- Service: Leading installation, repair, and after-sales network for its products, plus B2B solutions for corporate and institutional clients.
The company benefits from its parent’s global supply chain, R&D, and brand recognition, yet maintains major operations, service, and customer relationships locally.
Financials
LG Electronics India has regularly been a top performer in India’s home appliances and consumer electronics sector.
Financial Year Ending | Total Income (₹ Crore) | Net Profit (₹ Crore) | EBITDA (₹ Crore) | Total Current Assets (₹ Crore) |
|---|---|---|---|---|
March 31, 2025 | 24,630.60 | 2,203.40 | 3,110.10 | 11,517.20 |
March 31, 2024 | 21,557.10 | 1,511.10 | 2,224.90 | 8,498.40 |
March 31, 2023 | 20,108.60 | 1,344.90 | 1,895.10 | 8,992.10 |
- LG India posted total income exceeding ₹24,000 crore in FY25, making it the second-largest consumer durable and appliances maker by sales after Samsung.
- FY25 profit stood at ₹2,203 crore, with analysts reporting stable margins, prudent cost controls, and steady expansion in market share.
- The IPO values the company at ₹77,400 crore at the upper price band.
Sector & Market Context
The Indian appliances and electronics industry has grown at about 7% annually since 2019; growth is projected to hit 11–12% per year between 2024 and 2029, driven by increasing income, urbanisation, and the spread of appliances to tier-II and rural markets.
Brand competition is robust, with LG India facing rivals including Samsung, Voltas, Havells, Whirlpool, Blue Star, Godrej, and Philips. LG’s market leadership and strong reputation ensure it remains a top choice for Indian households and businesses.
Recent reductions in GST rates on select consumer electronics are expected to enhance sales and improve the company’s growth prospects.
Key Considerations for Investors
Strengths
- Among the most recognised brands in India’s consumer durable space, trusted for after-sales and reliability.
- Strong manufacturing, distribution, and service capacity powering growth in home and B2B segments.
- Highly profitable, consistently reporting high revenues, prudent cost management, and stable earnings.
- Local execution is enabled by the backing of a global giant with robust innovation and supply chain.
IPO Structure
- Proceeds from this IPO benefit the South Korean parent LG Electronics Inc., not LG India’s operations; future expansion relies on internal cash generation and retained earnings.
- Retail quota stands at 35%, with 50% for QIBs and 15% for NIIs.
- Employee quota enjoys a discount of ₹ 108 per share.
Risks
- The company faces ongoing rivalry from multinational and local firms.
- Demand is sensitive to consumer cycles, income growth, and macroeconomic fluctuations.
- Since it’s a pure OFS, no new capital flows into the Indian operation for local investment.
Opportunities
- Policy-driven tax cuts and rapid urbanisation foster further demand for appliances and electronics.
- Technology and service innovation support margin stability and B2B business expansion.
About the Company
Founded in 1997, LG Electronics India Ltd. delivers a wide array of home appliances and consumer electronics tailored to Indian needs. The company’s dual manufacturing base and extensive service network underpin its industry leadership. Backed by advanced tech and the global LG brand, LG India continues to innovate in both B2C and B2B verticals.
Conclusion
LG Electronics India’s IPO represents a high-profile opportunity for Indian investors to participate in the listing of a market-leading consumer appliances business. While local operations won’t directly benefit from the issue proceeds, LG’s deep roots, robust profitability, and ongoing innovation offer appealing prospects. Investors should take into account allocation, sector trends, and competitive dynamics before applying.
Always consider personal investment objectives and consult trusted sources before making any decisions.
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FAQ
It opens on 7th Oct and closes on 9th Oct 2025, with allotment by 10th Oct. The issue size is ₹11,607 crore through an Offer for Sale of 10.18 crore shares.