LG Electronics India IPO Update | Sushil Finance LG Electronics India IPO Update | Issue Oct 7–9, 2025 - Sushil Finance
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By Sushil Finance
7 October 2025 • 6 MINUTES READ
Lg Electronics

LG Electronics India IPO Update

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IPO Details

Issue Opening Date: October 7, 2025
Issue Closing Date: October 9, 2025
Issue size: ₹ 11,607.01 Cr.(@ upper Price Band of ₹ 1,140)
Offer For Sale: ₹ 11,607.01 Cr.
Face Value: ₹ 10
Price Band: ₹ 1,080 to ₹ 1,140 per Equity Share
Lot Size: 13 Shares & in multiples thereafter
Minimum Application Amount: ₹ 14,820/- (13 Shares)
Maximum Application Amount: Rs.1,92,660/- (169 Shares)
Small HNI: Rs.2,07,480/- (182 Shares)
Big HNI: Rs.10,07,760/- (884 Shares)

Our View: Subscribe for Long Term Horizon

Company Overview

LG Electronics India Ltd (“LGEIL”) is a wholly owned subsidiary of LG Electronics, which is the leading single-brand global home appliances player in terms of market share by revenue in CY2024. It has the leading market share in the home appliances and consumer electronics (excluding mobile phones) industry in India, with #1 market share across key product categories.
They are also market leaders in India across multiple product categories including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves, based on the market share (in terms of value) in the offline channel (which represents approximately 78% and 77% of the major home appliances and consumer electronics market (excluding mobile phones) in India in terms of value in the same period) for the 12 months ending December 31, 2024 and the 6 months ended June 30, 2025, respectively.
Their activities are organized into two business segments – (i) Home Appliances and Air Solution; and (ii) Home Entertainment. They have 2 manufacturing units located in Noida and Pune and have an extensive supplier network comprising 287 suppliers who have been with them for an average of 13.13 years as of June 30, 2025. It provides installation and repairs/maintenance services through 1,006 service centers across urban and rural India, supported by 13,368 engineers and 4 call centers, as of June 30, 2025 and also offer same-day installations.


Key Highlights

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
Capital efficient business with high growth and profitability

Objects of the Issue

To carry out the Offer for Sale of up to 10,18,15,859 Equity Shares of face value of ₹ 10 each
To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
The company will not receive any proceeds from the Offer for sale.

Our View

The company was incorporated in 1997, as a wholly owned subsidiary of LG Electronics Inc. It has built a strong pan-India presence. The company’s brand philosophy “Life’s Good When We Do Good” resonates with its long-standing customer loyalty. The company was the 1st to introduce OLED TVs in India (2015) and one of the first to launch 4K and Smart TVs (2011). It has one of the largest in-house production capabilities among peers in India making it a giant in the industry. It is committed to the “Make in India” philosophy, whereby they manufacture products domestically and to the extent available source a significant amount of raw materials from domestic suppliers.
However, Risks to consider are Intense Competition, volatility in raw material prices, royalty fees payable to the parent (averaging 1.9 percent of revenue during FY23-FY25), geopolitical uncertainties, outstanding tax claims and contingent liabilities, Technology disruption and swift consumer preference shifts could impact margins, negative cash flows from investing and financing activities in the past could have an adverse effect on business, prospects, financial performance and cash flows.
On the financial front, the company’s Revenue/EBITDA/PAT grew at CAGR 10.75%/28.11%/27.99% respectively from FY23-FY25. The company operated on an EBITDA and PAT Margin of 12.76% and 8.95% at FY25 which is best in industry compared to peers and stood at 11.44% and 8.10% at Q1FY26. Its ROCE stood at 42.91% at FY25. The issue is priced at a P/BV of 12 based on its NAV of Rs. 94.99 as at Q1FY26 and if we attribute FY26 earnings, then the asking price is at P/E of 37x. As per RHP industry average P/E is around 56.49x.
LG Electronics India Limited is a Debt Free Company with market leader in major home appliances and consumer electronics (excluding mobile phones). With strong growth, expanding revenue streams, the company is well positioned to capture future growth. Looking at all the factors, risks, opportunities and valuation, and strong parentage, investors can invest with Long term horizon.



Frequently Asked Questions (FAQs)

When is the LG Electronics India IPO open?
Issue Opening Date: October 7, 2025. Issue Closing Date: October 9, 2025.

What is the price band and lot size?
Price Band: ₹1,080 to ₹1,140 per Equity Share. Lot Size: 13 Shares & in multiples thereafter.

Will the company raise fresh proceeds?
This is an Offer For Sale (OFS). The company will not receive any proceeds from the OFS.

What is Sushil Finance's recommendation?
Our View: Subscribe for Long Term Horizon.



Brief Financials

PARTICULARS ₹ in Million
As at
June 30, 2025
FY ‘25 FY ‘24 FY ‘23
Total Income 63,373.64 246,306.28 215,571.18 201,085.84
Total Expenditure 56,454.09 216,675.17 195,200.01 182,882.55
EBITDA 7,162.73 31,101.24 22,248.73 18,951.15
Profit before Tax 6,919.55 29,631.11 20,371.17 18,203.29
Profit after Tax 5,132.55 22,033.48 15,110.68 13,449.30
E.P.S. (Diluted) 7.56* 32.46 22.26 19.i1
P/E (x) (Diluted) - 35 - -
RONW (%) 7.96* 37.13 40.45 31.13

PRICE CHART (@ ₹ 1,140) (Retail Category)

LOT SIZE
Amount
13 14,820
26 29,640
39 44,460
52 59,280
65 74,100
78 88,920
91 103,740
104 118,560
117 133,380
130 148,200
143 163,020
156 177,840
169 192,660

HNI Payment Chart

Category
No. of Shares Minimum Bid Lot Amount (Rs.)
Small HNI 182 207,480
Big HNI 884 1,007,760

Indicative Time Table

Tentative Events
Indicative Dates
Finalisation of Basis of Allotment with the Designated Stock Exchange 10/10/2025
Initiation of refunds/unblocking ASBA Fund 13/10/2025
Credit of Equity Shares to demat accounts of Allottees 13/10/2025
Commencement of trading of the Equity Shares on the Stock Exchanges 14/10/2025




Disclaimer:
The content provided in this blog is for informational and educational purposes only and should not be construed as investment, legal, or tax advice. While Sushil Finance makes reasonable efforts to ensure accuracy and reliability of the information, we do not guarantee its completeness or timeliness. Readers are advised to consult with their financial advisor before making any investment decisions. Sushil Finance shall not be held responsible for any direct or indirect loss arising from use of this content. Investments in securities are subject to market risks. Read all scheme-related documents carefully before investing.


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