As of October 9, 2025, LG Electronics India Ltd. has completed its initial public offering (IPO), an offer for sale of shares (OFS) by its South Korean parent company. The IPO opened on October 7 and closed on October 9, having raised ₹11,607 crore.
Key details of the IPO include:
Issue size: The IPO was an OFS of 10.18 crore equity shares worth ₹11,607 crore. LG Electronics India will not receive any proceeds from the sale.
Price Band: The closing price per equity share was fixed at ₹1,140, which is at the upper end of the ₹1,080 to ₹1,140 price band.
Lot Size: Retail investments can be bid for a minimum of one lot or 13 shares.
Subscription Status: The issue was heavily oversubscribed, with institutional investors showing very strong interest.
Listing: The shares are scheduled to be listed on BSE and NSE on October 14, 2025.
Expert reviews and analysis
Brokerage firms and analysts largely gave the IPO a “subscribe” rating, citing the company’s attractive valuation compared to its peers.
Valuation: The IPO’s price-to-earnings (P/E) ratio is at 35x its FY25 earnings which is considered a significant discount compared to the industry average of around 60x.
Financial Performance: The company has reported strong revenue and profit growth in recent financial years. In FY25, LG Electronics India reported revenue of ₹24,367 crore and profit of ₹2,203 crore.
Market Status: Analysts noted LG’s market leadership in India’s home appliances and consumer electronics sector, supported by a strong brand and extensive manufacturing and distribution network.
Key risks
Despite the positive outlook, some risks for potential investors were highlighted:
Offer for Sale: The IPO was entirely an OFS, meaning all proceeds went to the parent company, LG Electronics Inc.
Regulatory Scrutiny: Concerns were raised regarding disputed tax liabilities and ongoing royalty obligations to the parent company.
Raw material costs: Volatility in raw material prices can affect a company’s profit margins.