LG Electronics India IPO

LG Electronics India IPO is now listed! Check LG Electronics India share price now.

About LG Electronics IPO

The LG Electronics IPO opens on Tuesday, 7 October 2025 and closes on Thursday, 9 October 2025. The tentative listing is Tuesday, 14 October 2025. The initiation of refund will take place on Monday, 13 October 2025. The credit of shares to the demat account will take place on Monday, 13 October 2025. The allotment of bids will take place on Friday, 10 October 2025.

The offer consists of an offer for sale component. The offer for sale portion includes 101,815,859 shares (aggregating up to ₹11,607.01 crores). The total number of shares is 101,815,859 while the aggregate amount is ₹11,607.01 crores

LG Electronics India was incorporated in 1997 as a wholly owned subsidiary of LG Electronics. The company is the leading single-brand global home appliances player in terms of market share by revenue in CY2023, according to the Redseer Report. The company sells products to B2C and B2B consumers in India and outside India. They also offer installation services, and repairs and maintenance services for all their products. They are present in three major segments: Home Appliances and Air Solutions, and Home Entertainment.

LG Electronics IPO Objectives

• To carry out the Offer for Sale of up to 101,815,859 equity shares of face value of ₹ 10 each by the Selling Shareholder, aggregating up to ₹11,607 crores.

• Achieve the benefits of listing the equity shares on the stock exchanges.

• Enhance their visibility and brand image and provide liquidity and a public market for the equity shares in India.

Industry Outlook

India’s appliances and electronics market has grown at approximately 7% from CY2019 to CY2024, and this growth is expected to accelerate to approximately 11% from CY2024 to CY2029, driven by rising disposable incomes, growing urbanisation, and increasing penetration of appliances and electronics in both urban and rural areas. The market is segmented into B2C and B2B segments. The B2C segment is characterised by expansive distribution across organised and unorganised retail, e-commerce, and exclusive brand outlets. The B2B segment is also vibrant and growing rapidly, driven by institutional demand across sectors such as hospitality, healthcare, retail, and commercial establishments.

In India’s appliances and electronics market, competition unfolds across three major types of players: domestic players, Chinese players, and global brands (including Korean players), each bringing distinct strengths and strategies that shape the competitive landscape. Factors such as long-standing brand equity, extensive distribution networks, prioritising affordability, aligning products with regional preferences, prioritising versatile offerings, and frequently introducing models that balance basic functionality with modern features, allow Indian players to capture loyal segments, even as foreign brands intensify their presence.

LG Electronics India Company Information

LG Electronics was incorporated in 1997 as a wholly owned subsidiary of LG Electronics, which is the leading single-brand global home appliances player in terms of market share by revenue in CY2023, according to the Redseer Report. They have derived several benefits from their strong parentage including the “LG” brand which was listed on Interbrand’s Top 100 Best Global Brands in 2024. Their strong parentage, access to innovative technologies, and commitment to quality, positions them as a trusted brand in India.

LG Electronics India has been the number one player in major home appliances and consumer electronics (excluding mobile phones) in India for the six months ended June 30, 2025, CY2024, CY2023 and CY2022 as per the market share (in terms of value) in the offline channel, as noted in the Redseer Report. They are also market leaders in India across multiple product categories including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves, based on the market share (in terms of value) in the offline channel (which represented approximately 78% and 77% of the major home appliances and consumer electronics market (excluding mobile phones) in India in terms of value in the same periods) for the twelve-month period ending December 31, 2024 and the six months ended June 30, 2025, respectively, according to the Redseer Report.

They offered one of the widest product portfolios amongst leading home appliances and consumer electronics players (excluding mobile phones) in India as of June 30, 2025, according to the Redseer Report. They sell products to B2C and B2B consumers in India and outside India. They also offer installation services, and repairs and maintenance services for all their products.

Strengths of LG Electronics IPO

• Leading market share in the home appliances and consumer electronics industry in India with #1 market share across key product categories.
  
• Introducing innovative technologies tailored to the needs of the Indian consumers.
  
• Shaping consumer experience with pan-India distribution and after-sales service network.
  
• Operational efficiency through strong manufacturing capabilities and localized supply chain.
  
• Parentage of LG Electronics, which is the leading single-brand global home appliances player in terms of market share by revenue in CY 2024 and a strong LG brand.
  
• Capital-efficient business with high growth and profitability.
  

Risks of LG Electronics IPO

• Increases in the prices of raw materials required for their operations.
  
• Any interruption in the availability of raw materials due to geopolitical uncertainties, shortages, or supplier misconduct.
  
• Unavailability, reduction, or elimination of government incentives.
  
• Any reduction in the research and development spending or support by LG Electronics.
  
• Any disruptions or stoppages at their manufacturing units.
  
• Any disruption to the multiple distribution channels through which they sell their products.
  
• Any failure or delay by LG Electronics or them in accessing the export markets at the optimal time.
  
• Foreign exchange rate fluctuations.
  
• Any actual or perceived defects in their products or services provided through them, trade partners, or other third parties, or any accidents in connection with the use of their products.
  
• Failure to maintain, upgrade, integrate, or adapt such technology and software, or renew key licensing agreements.
  

Note:
No procedure has been performed on the above table. The above numbers are only traced/computed from the annual reports, investor presentation, earnings conference call presentations and other publicly available information on the Peer Company’s and Stock Exchanges’ website. Further, the company has only verified the arithmetic accuracy of the formulas used in computing various ratios as outlined in the above table. Source: All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports / annual results as available of the respective company for the year ended March 31, 2025 submitted to stock exchanges. *Financial information of the Company has been derived from the Restated Financial Information as at or for the year ended March 31, 2025. #To be included in respect of the Company in the Prospectus based on the Offer Price. Notes:

(1) Basic/Diluted EPS refers to the Basic/Diluted EPS sourced from the financial statements of the respective peer group companies for the year ended March 31, 2025.

(2) RoNW is computed as net profit after tax attributable to shareholders divided by total equity attributable to the equity shareholders as on March 31, 2025. Return on Net worth (%) is calculated as profit for the year divided by Net Worth at the end of the respective year / period.

(3) Net assets value per share = Net asset value per share is calculated by dividing net worth by weighted average number of equity shares outstanding at the end of the period.

(4) P/E ratio for the peer group has been computed based on the closing market price of equity shares on BSE as on September 26, 2025, divided by the Basic EPS for the year ended March 31, 2025.

(5) Market Capitalization = Total number of shares disclosed on BSE as of June 30, 2025, multiplied by the closing share price on BSE as on September 26, 2025.

Anchor Investor Bidding Date: Monday, 6 October 2025

Registrar: KFinTechnologies
Book Running Lead Managers: Morgan Stanley India Company Private , J.P. Morgan India Private , Axis Capital , BofA SecuritiesIndia , Citigroup Global Markets India Private

Business Model

They operate their business through two main segments:

• Home Appliances and Air Solutions (B2B: Refrigerators, Washing Machines, Air Conditioners, Water Purifiers, Dishwashers, Microwave Ovens, Compressors and Motors, and B2B: System Air Conditioners)
  
• Home Entertainment: (B2C: Televisions and Audio Devices and B2B: Information Technologies (Monitor & Projector) & Information Displays)
  

Company Growth Trajectory

The company’s total income increased by 14.26% to ₹24,630.63 crores in fiscal 2025 from ₹21,557.12 crores in fiscal 2024, primarily due to:

• An increase in the revenue from their Home Appliances and Air Solution Division by 16.51% to ₹18,267.86 crores in fiscal 2025 from ₹15,679.75 crores in fiscal 2024. This increase was due to an increase in the sales volume of their home appliances and air solution products sold, and related services rendered. In particular, their revenue from the sale of refrigerators, washing machines, and air conditioners increased with an increase in the demand for these products.
  

• Their revenue from their Home Entertainment Division increased by 7.52% to ₹6,098.78 crores in fiscal 2025 from ₹5,672.25 crores in fiscal 2024. This increase was due to an increase in the sales volumes of their home entertainment products, in particular, televisions, and the increase in the selling price of other Home Entertainment products.
  

Their revenue also increased with an increase in revenue from rendering services by 15.42% to ₹665.90 crores in fiscal 2025 from ₹576.91 crores in fiscal 2024. Their revenue from service income increased by 12.31% to ₹321.77 crores in fiscal 2025 from ₹286.50 crores in fiscal 2024 primarily due to an increase in the parts sales in fiscal 2025 compared to fiscal 2024 in line with an increase in the demand for such services. Further, their revenue from installations and commissioning increased by 18.50% to ₹344.13 crores in fiscal 2025 from ₹290.41 crores in fiscal 2024 primarily due to an increase in the annual maintenance contracts entered into in fiscal 2025 compared to fiscal 2024.

Their other income increased by 28.70% to ₹263.99 crores in fiscal 2025 from ₹205.12 crores in fiscal 2024, primarily due to an increase in interest income on bank deposits as a result of an increase in the amount of fixed deposit with banks and an increase in interest income on refund of income tax from the government.

Their profit for the year increased by 45.81% to ₹2,203.35 crores in fiscal 2025 from ₹1,511.07 crores in fiscal 2024.

LG Electronics India Company Market Position

LG Electronics India has been the number one player in major home appliances and consumer electronics (excluding mobile phones) in India for the six months ended June 30, 2025, CY2024, CY2023 and CY2022 as per the market share (in terms of value) in the offline channel, as noted in the Redseer Report. They are also market leaders in India across multiple product categories including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves, based on the market share (in terms of value) in the offline channel (which represented approximately 78% and 77% of the major home appliances and consumer electronics market (excluding mobile phones) in India in terms of value in the same periods) for the twelve-month period ending December 31, 2024 and the six months ended June 30, 2025, respectively, according to the Redseer Report.

The “LG” brand was listed on Interbrand’s Top 100 Best Global Brands in 2024. Their strong parentage, access to innovative technologies, and commitment to quality position them as a trusted brand in India.

They operate the largest distribution network among leading home appliances and consumer electronics players in India as of June 30, 2025, according to the Redseer Report. Their distribution network spans across urban and rural India through 35,640 B2C touchpoints for the three months ended June 30, 2025.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA stood at ₹24,630.628 crores, ₹2203.348 crores, and ₹3110.124 crores, respectively.

How To Check Allotment Status of LG Electronics IPO?

You can check the LG IPO allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Kfin Technologies Limited. To check the status on the BSE website:

• Visit the BSE website
  
• Click on “Investor Services” and choose “Application Status Check”
  
• Choose the issue type — Equity or Debt (Equity in this case)
  
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Kfin Technologies Limited
  
• Enter your application number or PAN number
  
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
  

Follow these steps to know the allotment status on the registrar’s website:

• Visit the Kfin Technologies Limited website
  
• Choose “Public Issues” from the “Investor Services” drop-down
  
• Select LG Electronics from the drop-down
  
• Enter your PAN number or Application number
  
• Click on “Submit” to know the allotment status
  

How to Apply for LG Electronics India IPO?

To apply for LG Electronics India IPO:

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.