LG Electronics India Ltd IPO is a book-built issue worth ₹11,607.01 crore. The IPO consists entirely of an offer for sale of 10.18 crore equity shares. The issue opens for subscription on October 7, 2025, and closes on October 9, 2025. The allotment is expected to be finalised on October 10, 2025, with tentative listing on the BSE and NSE scheduled for October 14, 2025.
The IPO is priced in a band of ₹1,080 - ₹1,140 per share. Retail investors must apply for a minimum of 1 lot comprising 13 shares, requiring an investment of ₹14,820 at the cutoff price. The minimum investment for sNII investors is 14 lots (182 shares), amounting to ₹2,07,480, while bNII investors must apply for a minimum of 68 lots (884 shares), amounting to ₹10,07,760.
Morgan Stanley India Company Private Limited is the book-running lead manager to the issue, and KFin Technologies Limited is the registrar.
For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the LG Electronics India Ltd IPO RHP.
Industry Outlook
- India’s appliances and electronics sector is undergoing a significant transformation, driven by rising disposable incomes, rapid urbanisation, and increasing penetration of consumer technology across both urban and rural regions. The market has expanded at a compound annual growth rate (CAGR) of approximately 7% over the past five years and is projected to accelerate to around 12% over the next five, according to the Redseer Report.
- This growth is underpinned by evolving consumer preferences, with a marked shift towards smart, energy-efficient, and connected devices. The demand for advanced features such as artificial intelligence (AI) integration, automation, and smart home compatibility is reshaping product development cycles and driving innovation across the industry.
- The sector is broadly segmented into business-to-consumer (B2C) and business-to-business (B2B) categories. The B2C segment benefits from a diverse distribution network encompassing organised retail, e-commerce platforms, and exclusive brand outlets. Meanwhile, the B2B segment is witnessing robust expansion, fuelled by institutional demand from hospitality, healthcare, retail, and commercial establishments.
- The competitive landscape is dynamic, with multinational corporations and domestic players vying for market share. Companies are increasingly focusing on brand trust, after-sales service excellence, and research and development to differentiate themselves. Strategic partnerships, localisation of manufacturing, and alignment with government initiatives such as “Make in India” are becoming critical levers for success.
LG Electronics IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Facilitate a partial divestment by the Promoter
The IPO is being undertaken entirely as an Offer for Sale by LG Electronics Inc., the Promoter of the company. The proceeds from the Offer will be received solely by the Promoter, enabling it to monetise a portion of its shareholding while retaining a significant stake in the business. - Achieve the benefits of listing on Indian stock exchanges
The listing of equity shares on BSE and NSE is intended to enhance the company’s corporate visibility, improve brand recognition, and provide liquidity to existing shareholders. It is also expected to foster greater transparency and strengthen corporate governance practices in line with public market expectations. - Broaden the shareholder base and improve access to capital markets
By going public, LG Electronics India aims to diversify its shareholder profile and establish a platform for future fundraising, should the company choose to pursue capital raising initiatives for expansion or strategic investments. - Support long-term strategic positioning
The public listing is expected to reinforce the company’s market leadership in the Indian consumer electronics and home appliances sector, while enabling it to explore potential partnerships, collaborations, and inorganic growth opportunities in the future.
About LG Electronics Limited
LG Electronics India Limited was originally incorporated as LG Electronics India Private Limited on 20 January 1997 under the Companies Act, 1956. The company underwent several structural changes, becoming a deemed public limited company in March 2000, reverting to private limited status in March 2002, and finally converting into a public limited company on 3 December 2024, following shareholder and board approvals in November 2024.
The company is engaged in the manufacturing, marketing, distribution, and servicing of a wide range of consumer electronics and home appliances, including refrigerators, washing machines, air conditioners, televisions, microwave ovens, and water purifiers. It also caters to commercial clients through its business-to-business (B2B) segment, offering solutions for sectors such as hospitality, healthcare, and retail.
LG Electronics India operates two major manufacturing facilities located in Noida, Uttar Pradesh and Pune, Maharashtra. These units are equipped with advanced automation technologies and are supported by a robust supply chain and distribution network. The company has consistently maintained its leadership position in India’s consumer electronics market, being the top player in terms of offline value market share for 13 consecutive years (CY2011–CY2023), as per the Redseer Report.
The company’s operations are primarily focused within India, with a growing export footprint across Asia, the Middle East, and Africa. Its strategic direction is underpinned by innovation, operational excellence, and a strong relationship with its promoter, LG Electronics Inc., which provides access to global technology, brand equity, and technical know-how.
How To Check the Allotment Status of the LG Electronics IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for LG Electronics IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the LG Electronics IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of LG Electronics IPO
Registered office: A 24/6, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi – 110044, Delhi, India.
Phone: +91 120 651 6700
E-mail: cs.india@lge.com
LG Electronics IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | 5,08,02,565 (49.90%) |
| − Anchor Investor Shares Offered | 3,04,81,539 (29.94%) |
| − QIB (Ex. Anchor) Shares Offered | 2,03,21,026 (19.96%) |
| NII (HNI) Shares Offered | 1,52,40,770 (14.97%) |
| − bNII > ₹10L | 1,01,60,513 (9.98%) |
| − sNII < ₹10L | 50,80,257 (4.99%) |
| Retail Shares Offered | 3,55,61,796 (34.93%) |
| Employee Shares Offered | 2,10,728 (0.21%) |
| Total Shares Offered | 10,18,15,859 (100.00%) |
LG Electronics IPO Lot Size
| Application | Lots | Shares | Amount | ||
| Retail (Min) | 1 | 13 | ₹14,820 | ||
| Retail (Max) | 13 | 169 | ₹1,92,660 | ||
| S-HNI (Min) | 14 | 182 | ₹2,07,480 | ||
| S-HNI (Max) | 67 | 871 | ₹9,92,940 | ||
| B-HNI (Min) | 68 | 884 | ₹10,07,760 | ||
LG Electronics IPO Promoter Holding
The promoters of the company are Krishan Kumar and Rakesh Kumar.
| Share Holding Pre-Issue | 100% |
| Share Holding Post Issue | 85% |
Key Performance Indicators for LG Electronics IPO
The market capitalisation of LG Electronics IPO is ₹77380.05 Cr. Here are the KPIs of LG Electronics:
| KPI | Value |
| EBITDA Margin (%) | 12.76 |
| PAT Margin (%) | 8.95 |
| Return on Net Worth (RoNW) (%) | 37.13 |
| Return on Capital Employed (ROCE) (%) | 42.91 |
LG Electronics IPO Prospectus
LG Electronics IPO Registrar and Lead Managers
LG Electronics IPO Lead Managers
- Axis Capital Limited
- Citigroup Global Markets India Private Limited
- Morgan Stanley India Company Private Limited
- P. Morgan India Private Limited
- BofA Securities India Limited
Registrar for LG Electronics IPO
KFin Technologies Limited
- Contact Number: +91 40 6716 2222 / 1800 309 4001
- Email Address: ipo@kfintech.com
LG Electronics IPO Registrar
Financial Performance of LG Electronics Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
| Revenue from Operations (₹ million) | 243,666.38 | 213,520.00 | 198,682.39 |
| EBITDA Margin (%) | 12.76 | 10.42 | 9.54 |
| Profit Margin (%) | 8.95 | 7.01 | 6.69 |
| Return on Capital Employed (ROCE) (%) | 42.91 | 45.31 | 34.38 |
| Return on Net Worth (RoNW) (%) | 37.13 | 40.45 | 31.13 |
Know before investing
Strengths
8
- LG is a top player in India's home appliances and consumer electronics space.
- Consistent revenue growth and high profitability (FY25 net profit: ₹22,033.48M).
- Clean balance sheet with no borrowings and strong cash reserves.
- 35,000+ B2C touchpoints and 1,000+ service centers across India.
- Rising demand for high-end appliances and smart electronics.
- ₹50B investment in Andhra Pradesh to boost capacity and reduce imports.
- Strategic support from LG Group for global market access.
- Benefiting from PLI schemes and Make in India initiatives.
Risks
8
- ₹47,170.55M in outstanding tax claims (73% of net worth).
- ₹3,153M contingent liability related to royalty payments to LG Electronics Inc.
- Top 10 suppliers account for over 32% of raw material purchases.
- ~46% of raw materials sourced from outside India, exposing to geopolitical risks.
- Falling share in key product categories like TVs and ACs.
- Rising pressure from Chinese and Indian brands with aggressive pricing.
- Risk of future investigations into transfer pricing and related party transactions.
- LG Electronics Inc. holds 100% pre-IPO stake, potentially leading to conflicts of interest.
LG Electronics Limited Peer Details Comparison
| Name of the Company | Face value (₹) | Revenue from operations FY2025 (₹ million) | EPS FY2025 — Basic (₹) | NAV per share as at 31 Mar 2025 (₹) |
| LG Electronics | 10 | 243,666.38 | 32.46 | 87.42 |
| Havells | 1 | 217,780.60 | 23.49 | 133.05 |
| Voltas | 1 | 154,127.90 | 25.43 | 197.66 |
| Whirlpool | 10 | 79,193.70 | 28.3 | 314.52 |
| Blue Star | 2 | 119,676.50 | 28.76 | 149.19 |
