LG Electronics India Ltd IPO

LG Electronics India Ltd IPO

We manufacture and sell major home appliances and consumer electronics products in India. We sell products to B2C and B2B consumers in India and outside India. We have two business segments, comprising: (i) home appliances and air solution division covering the sale of products such as refrigerators, washing machines, air conditioners, water purifiers, dishwashers, microwave ovens, air purifiers and compressors, among others; and (ii) home entertainment division covering the sale of products such as televisions, monitors, interactive displays and information systems. We also offer installation services, and repairs and maintenance services for all our products.

LG Electronics India Ltd IPO Details

Total Shares Offered

₹ 10,18,15,859

Offer to Public

10,18,15,859

Retail Max (Shares)

₹ 3,55,61,796

Pre Issue Promoters Holding

₹ 67,87,72,392

Exchange

BSE

Issue size

₹ 11607.01 Cr

IPO Open Date

Oct 7, 2025

Close Date

Oct 9, 2025

Lot Size

13

Min Investment

₹ 14,040

Issue Type

Book Building

Listing Date

Oct 14, 2025

LG Electronics India Ltd IPO Dates

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Oct 7, 2025
Opening date
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Oct 9, 2025
Closing date
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Oct 10, 2025
Basis of Allotment
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Oct 13, 2025
Initiation of Refunds
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Oct 13, 2025
Credit of Shares
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Oct 14, 2025
Listing date

Details

SectorType
SectorElectronics - Consumer
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

LG Electronics India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations3,343.472,401.492,117.63
EBITDA3,723.832,765.862,418.02
PAT2,203.351,511.071,344.93
Total Assets9,835.986,910.277,374.12
Share Capital678.77113.13113.13
Total Borrowings701.88493.23467.77
Operating Activities (Net Cash)2,583.711,875.441,645.32
Investing Activities (Net Cash)-75.31-24.45-24.61
Financing Activities (Net Cash)701.88493.23467.77
Net Cashflow3,741.472,222.612,762.59

About LG Electronics India Ltd

Our Company was incorporated on January 20, 1997 as a private limited company under the Companies Act, 1956, with the name LG Electronics India Private Limited, pursuant to a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi, India. Subsequently, in accordance with Section 43A(1A) of the Companies Act, 1956, our Company became a deemed public limited company with effect from March 31, 2000 and the name of our Company was changed to LG Electronics India Limited. Our Board took note of such conversion pursuant to a resolution dated March 15, 2000 consequent upon which, the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi, India endorsed such conversion on the certificate of incorporation dated January 20, 1997 with effect from March 31, 2000. Pursuant to the amendment in Section 43A of the Companies Act, 1956 by the Companies (Amendment) Act, 2000, and the approval of our Board on February 21, 2002, our Company's status was converted from a deemed public company to a private limited company consequent upon which, the name of our Company was changed to LG Electronics India Private Limited, and the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi, India endorsed such conversion on the certificate of incorporation dated January 20, 1997 with effect from March 28, 2002. Subsequently, pursuant to resolutions passed by our Board and Shareholders dated November 8, 2024 and November 11, 2024, respectively, our Company was converted into a public limited company and consequently, the name of our company was changed to LG Electronics India Limited, consequent upon which, a fresh certificate of incorporation dated December 3, 2024 was issued by the Registrar of Companies, Delhi and Haryana at New Delhi, India (RoC).

India's appliances and electronics market has grown at approximately 7% from CY2019 to CY2024 and this growth is expected to accelerate to approximately 11% from CY2024 to CY2029 driven by rising disposable incomes, growing urbanization, and increasing penetration of appliances and electronics in both urban and rural areas. The market is segmented into B2C and B2B segments. The B2C segment is characterized by expansive distribution across organized and unorganized retail, e-commerce, and exclusive brand outlets. The B2B segment is also vibrant and growing rapidly, driven by institutional demand across sectors such as hospitality, healthcare, retail, and commercial establishments. In India's appliances and electronics market, competition unfolds across three major types of players: domestic players, Chinese players, and global brands (including Korean players), each bringing distinct strengths and strategies that shape the competitive landscape. Factors such as long-standing brand equity, extensive distribution networks, prioritizing affordability, aligning products with regional preferences, prioritizing versatile offerings and frequently introducing models that balance basic functionality with modern features, allow Indian players to capture loyal segments, even as foreign brands intensify their presence. Chinese brands have introduced additional competition to India's appliances and electronics market by utilizing extensive scale, efficient manufacturing, and well-established channel penetration. With a focus on high-quality manufacturing and cutting-edge features, global brands are well-positioned to meet the growing Indian demand for premium experiences and durable products. Players in the Indian appliances and electronics market witness a broad range of competition from existing and new competitors ranging from large multinational companies to highly specialized entities that focus on a limited number of products and services. In particular, the sector is experiencing heightened competition from Chinese brands, which have been gaining ground in high-growth categories. Known for competitive pricing, innovative marketing strategies, and rapid product cycles, these brands are pushing companies to differentiate through unique features, premium service quality, and innovation. To address this, many companies are increasingly focused on strengthening brand trust, enhancing after-sales support, and expanding their R&D efforts to meet the evolving preferences of Indian consumers. The overall total addressable market (TAM) for the India appliances and electronics brands was estimated at approximately Rs.3,245 billion (US$38.2 billion) in CY2024, having grown at a CAGR of approximately 12% from CY2019 to CY2024. As of the six months ended June 30, 2025 (annualized), TAM stands at approximately Rs.3,505 billion (US$ 41.2 billion). It is projected to reach approximately Rs.6,190 billion (US$ 72.8 billion) by CY2029P, growing at a five-year CAGR of approximately 14%. The TAM encompasses both B2C and B2B segments and excludes mobile phones. This reflects demand from households, commercial enterprises, and institutional buyers such as hospitals, hotels, and government bodies. While the Indian appliances and electronics market holds strong growth potential, it also faces challenges that could affect its trajectory. These include rising competition, supply chain dependencies, and regulatory and technological shifts. The India appliances and electronics market is undergoing significant supply chain transformations shaped by both import and export dynamics, including local production focus by market players to reduce import dependency, supported by government initiatives; export opportunities provided by the growing local manufacturing base, alongside competitive labour costs and infrastructure improvements; modernization of the logistics and distribution networks to accommodate the growing e-commerce sector; and a persisting reliance on foreign components and finished products, especially in the premium segment. In addition, the Indian government's strategic initiatives are shaping a resilient and competitive landscape for the country's appliance and electronics sector. Key policies focus on fostering local manufacturing, enhancing export capabilities, and promoting sustainable practices, positioning India as a prominent player on the global stage.

We manufacture and sell major home appliances and consumer electronics products in India. We sell products to B2C and B2B consumers in India and outside India. We have two business segments, comprising: (i) home appliances and air solution division covering the sale of products such as refrigerators, washing machines, air conditioners, water purifiers, dishwashers, microwave ovens, air purifiers and compressors, among others; and (ii) home entertainment division covering the sale of products such as televisions, monitors, interactive displays and information systems. We also offer installation services, and repairs and maintenance services for all our products.

Peer Comparison:

  • LG Electronics India Ltd.
  • Havells India Ltd
  • Voltas Ltd
  • Whirlpool of India Ltd
  • Blue Star Ltd

LG Electronics India Ltd Key Points

Strengths

Leading market share in the home appliances and consumer electronics industry in India with 1 market share across key product categories.

Introducing innovative technologies tailored to the needs of the Indian consumers.

Shaping consumer experience with pan-India distribution and after-sales service network.

Operational efficiency through strong manufacturing capabilities and localized supply chain.

Parentage of LG Electronics, which is the leading single-brand global home appliances player in terms of market share by revenue in CY 2024 and strong LG brand.

Risk

We are dependent on LG Electronics, our Promoter, in various aspects of our business, and we pay royalty to them under the License Agreement (defined below). Any adverse change in our relationship with LG Electronics and the companies in the LG Group could have an adverse impact on our business, reputation, financial condition and results of operations.

The royalty payments made by us to our Promoter under the License Agreement or otherwise may attract regulatory scrutiny or action. As of the date of this Red Herring Prospectus, we have a contingent liability of Rs.3,153.00 million in respect of royalty payments to our Promoter. There is no assurance that such observations will not be raised by the tax authorities in respect of future periods, which could then have an adverse impact on our results of operations.

It is possible that the Promoter may engage in the same line of activity or business as that of our Company in India which could result in conflicts of interest with us. In particular, Hi-M Solutek India Private Limited, an indirectly wholly owned subsidiary of Promoter provides services only to our Company. However, our Company does not have an exclusive contractual arrangement with Hi-M Solutek. Further, our Directors, Key Managerial Personnel and Senior Management may have interests in our Company in addition to their remuneration and reimbursement of expenses.

Strategy

Build a strong foundation to capture long-term growth in India.

Continue to be a brand of choice for every Indian household across volume and premium market categories.

Diversify business model to create new consumer value.

How To Apply for LG Electronics India Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the LG Electronics India Ltd IPO?

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LG Electronics India Ltd's IPO offers shares for up to 0 It begins on Oct 7, 2025 and ends on Oct 9, 2025.

What is the price of the LG Electronics India Ltd IPO?

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The price of LG Electronics India Ltd IPO ranges between ₹1,080 to ₹1140 per share.

What are the open and close dates for the LG Electronics India Ltd IPO?

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The LG Electronics India Ltd IPO opens on Oct 7, 2025 and closes on Oct 9, 2025.

When will the LG Electronics India Ltd IPO be allotted?

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The allotment for the LG Electronics India Ltd IPO will be finalised on Oct 10, 2025. The shares will be listed on BSE and NSE on Oct 14, 2025.

What is the minimum lot size required for LG Electronics India Ltd IPO?

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The minimum lot size for LG Electronics India Ltd IPO is 13 shares, priced between ₹1080 to ₹1140 per share.

What is the GMP of LG Electronics India Ltd IPO?

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The GMP (Grey Market Premium) of LG Electronics India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of LG Electronics India Ltd IPO?

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To check the allotment status of LG Electronics India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the LG Electronics India Ltd IPO getting listed?

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The LG Electronics India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 7, 2025, and closes on Oct 9, 2025. The allotment is finalised on Oct 10, 2025.

How do you apply for the LG Electronics India Ltd IPO?

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To apply for the LG Electronics India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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