LG Electronics India Ltd, the Indian arm of South Korea’s LG Electronics, is set to launch its Initial Public Offering (IPO) on October 7, 2025, with subscriptions open until October 9. Anchor investor bidding will begin on October 6, marking a key moment for investors and the Indian stock market.
IPO Structure and Size
The IPO will sell over 10.18 crore shares, representing roughly 15% of LG Electronics India’s equity stake. With an estimated issue size of ₹15,000 crore, this is the largest IPO in 2025 so far. The company had filed preliminary papers with SEBI in December 2024, receiving regulatory approval in March 2025.
The offering is a full Offer for Sale (OFS), meaning LG Electronics India itself will not receive proceeds from the IPO. Instead, the funds will go to the South Korean parent company, LG Electronics.
Financial Overview
For the financial year ending March 31, 2024, LG Electronics India reported revenue of ₹64,087.97 crore from operations. The company has consistently maintained a strong market presence in home appliances and consumer electronics, excluding mobile phones.
Products and Market Position
LG Electronics India manufactures and sells a wide range of products, including:
– Washing machines
– Refrigerators
– LED TV panels
– Inverter air conditioners
– Microwave ovens
The company operates manufacturing facilities in Noida (Uttar Pradesh) and Pune, supplying major appliances and electronics across India. It is a leading player in terms of sales volume for the three-month period ending June 30, 2024.
Book-Running Lead Managers and Registrar
The IPO’s book-running lead managers are:
- Morgan Stanley India
- J.P. Morgan India
- Axis Capital
- BofA Securities India
- Citigroup Global Markets India
Strategic Significance
This IPO is a major milestone as LG Electronics India becomes the second South Korean company to list in India, following Hyundai Motors India Ltd, which went public in October 2024.
Listing in India not only provides global investors an opportunity to invest in a well-known electronics brand but also strengthens LG’s presence in the Indian consumer electronics and home appliance markets.