Published on: 7 October 2025
About the Company
LG Electronics India Ltd is a subsidiary of LG Electronics, South Korea — one of the world’s largest consumer goods conglomerates. In India, the company operates across both B2B and B2C segments with key businesses in home appliances, air solutions, and home entertainment products.
It runs two major manufacturing units and distributes products through a network of over 30,487 sub-dealers across India. LG also provides strong after-sales support, which has helped it maintain leadership across several product categories.
The IPO is a complete Offer for Sale (OFS) by the South Korean parent, LG Electronics Inc. There will be no fresh issue component. The proceeds from the OFS will go to the parent company, and the IPO will help increase the public shareholding in LG Electronics India Ltd.
Lead Managers: Morgan Stanley, JP Morgan India, Axis Capital, BOFA Securities, and Citigroup Global
Registrar: KFIN Technologies Ltd (KFINTECH)
Listing: NSE & BSE (Mainboard)
IPO Highlights
- IPO Open: October 7 – October 9, 2025
- Face Value: ₹10 per share
- Price Band: ₹1,080 – ₹1,140 per share
- Issue Type: 100% Offer for Sale (OFS)
- Offer Size: 10,18,15,859 shares = ₹11,607 crore (at upper band)
- Listing on: NSE and BSE
Important IPO Dates
| Event | Date |
|---|
| IPO Open Date | Tuesday, 7 October 2025 |
| IPO Close Date | Thursday, 9 October 2025 |
| Basis of Allotment | Friday, 10 October 2025 |
| Refunds Initiation | Monday, 13 October 2025 |
| Credit of Shares to Demat | Monday, 13 October 2025 |
| Listing Date | Tuesday, 14 October 2025 |
Investors can apply through their trading account or via the ASBA facility using internet banking with any Self-Certified Syndicate Bank (SCSB).
Investor Allocation Structure
| Category | Shares Offered | % of Issue |
|---|
| Employee Reservation | 2,10,728 | 0.21% |
| Anchor Investors | 3,04,81,539 | 29.94% |
| Qualified Institutional Buyers (QIB) | 2,03,21,026 | 19.96% |
| Non-Institutional Investors (NII) | 1,52,40,770 | 14.97% |
| Retail Investors | 3,55,61,796 | 34.93% |
| Total | 10,18,15,859 | 100.00% |
|---|
The anchor investor portion is part of the QIB quota and hence proportionally reduces the remaining QIB allocation.
Lot Sizes and Application Details
| Category | 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 |
One lot = 13 shares. There is no upper limit for QIB and B-HNI categories.
Financial Highlights
| Particulars | FY25 | FY24 | FY23 |
| Net Revenues (₹ cr) | 24,366.64 | 21,352.00 | 19,864.59 |
| Sales Growth (%) | 14.12% | 7.49% | – |
| Profit after Tax (₹ cr) | 2,203.35 | 1,511.07 | 1,348.02 |
| PAT Margin (%) | 9.04% | 7.08% | 6.79% |
| Total Equity (₹ cr) | 5,970.17 | 3,772.25 | 4,356.25 |
| Total Assets (₹ cr) | 11,517.15 | 8,498.44 | 8,992.12 |
| Return on Equity (%) | 36.91% | 40.06% | 30.94% |
| Return on Assets (%) | 19.13% | 17.78% | 14.99% |
| Asset Turnover (x) | 2.12 | 2.51 | 2.21 |
| Earnings per Share (₹) | 32.46 | 22.26 | 19.81 |
The company has shown consistent growth in revenues and profitability over the past three years. With an ROE of nearly 40%, LG Electronics India continues to be one of the most profitable consumer electronics players in India. Since this is a pure OFS, the ROE will remain unaffected post-IPO.
Valuation and Takeaways
At the upper price band of ₹1,140 per share, the IPO values the company at a P/E ratio of 35.1 times based on FY25 EPS of ₹32.46. The company’s asset-light model supports strong returns on equity and assets. With its established brand leadership, broad dealer network, and premium product portfolio, LG Electronics India Ltd offers investors an opportunity to participate in one of India’s most profitable consumer durable companies.
Note: This IPO is entirely an Offer for Sale; there will be no fund infusion into the company. Investors should read the Red Herring Prospectus (RHP) carefully before applying.
Source: Company RHP filed with SEBI | Data as on October 2025
