LG Electronics India IPO Declared: Dates, Size, and Financials Unveiled

LG Electronics India is set to launch a high-profile IPO between October 7 and 9, 2025, offering 10,18,15,859 shares through a full Offer for Sale (OFS). The IPO positions India’s top appliances and consumer electronics company for a publicly traded presence, with leading global investment banks managing the issue.

IPO Structure & Key Details

Offer for Sale Only

The public issue is entirely an Offer for Sale (OFS), meaning no fresh equity will be raised by LG India. The selling shareholder, LG Electronics Inc. (parent), will divest 10.18 crore shares.

Reservation & Quotas

• Retail Investors: 35% of the issue is reserved
• Employee Quota: Yes, employees will have a designated quota (with a possible discount)
• Institutional Allocation: Up to 50% for Qualified Institutional Buyers (QIBs) and at least 15% for Non-Institutional Investors (NII)

Price Band & Valuation

• Price Band: ₹1,080 to ₹1,140 per equity share (face value ₹10)
• At the upper band, LG Electronics India’s post-IPO market capitalization is projected around ₹77,820 crore
• The IPO will see the promoter’s stake reduced to 85%, with a 15% stake sale via OFS.

Lot Size & Minimum Investment

• Lot Size: 13 shares (and in multiples thereof)
• Minimum Investment (Retail at upper band): ₹14,820 (13 shares × ₹1,140)

Financial Performance & Recent Growth

FY23 to FY25 Earnings

• FY23: Revenue ~ ₹20,108 crore; PAT ~ ₹1,345 crore
• FY24: Revenue ~ ₹21,557 crore; PAT ~ ₹1,508.8 crore
• FY25: Revenue ~ ₹24,630 crore; PAT ~ ₹2,203.3 crore

These figures reflect consistent top-line growth and margin expansion over the recent financial years.

Q1 FY26 Performance

• Revenue: ₹6,337 crore
• Profit After Tax (PAT): ₹513.3 crore
  These early figures signal a robust performance in the current fiscal year’s opening quarter.

Timeline: Important Dates for Investors

Lead Managers & Other Highlights

• Book Running Lead Managers (BRLMs): Axis Capital, Citigroup, Morgan Stanley, JP Morgan, Bank of America (BofA)
• Listing Exchanges: BSE & NSE, the shares will be traded on both major Indian stock exchanges.
• Parent Valuation: LG Korea aims for a valuation near ₹77,400 crore for its Indian unit through this IPO.

Context & Strategic Implications

• IPO Resumption: LG had earlier paused its IPO plans, citing market volatility, but has now revived the listing for 2025.
• Manufacturing Expansion: LG India is building a third manufacturing plant in Sri City, Andhra Pradesh (investment of ~$600 million) as part of its expansion strategy ahead of the IPO.
• Market Leadership: The company continues to dominate in India’s home appliances and consumer electronics segments (excluding mobile phones), maintaining significant market share in refrigerators, air conditioners, washing machines, and televisions in offline channels.

LG Electronics India’s IPO is poised to be one of 2025’s marquee listings. Offering 10.18 crore shares via OFS and carrying a price band of ₹1,080–₹1,140, the IPO opens October 7 and closes October 9. With solid financial track records, strategic expansion plans, and backing by global financial institutions, this listing marks a key moment in India’s consumer electronics and appliance sector.

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