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LG Electronics India Ltd.

LG Electronics India Ltd.

LGEINDIAMainboard

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Overview

LG ELECTRONICS INDIA LIMITED is a leading manufacturer and seller of home appliances and consumer electronics in India, operating as a wholly-owned subsidiary of the global brand LG Electronics Inc. The company holds the number one market share in India's major home appliances and consumer electronics offline market across key product categories including washing machines, refrigerators, and televisions. Its business is structured into two main segments: the Home Appliances and Air Solution division, which includes products like refrigerators, washing machines, and air conditioners, and the Home Entertainment division, which covers televisions and monitors. With a 28-year history in India, the company operates two major manufacturing facilities in Noida and Pune and is planning a third in Andhra Pradesh.

Opening Date

Oct 07, 2025

Closing Date

Oct 09, 2025

Listing Date

Oct 14, 2025

IPO Type

Mainboard

IPO Status

Closed

Issue Size

11607.01 Cr

Fresh Issue

Offer for Sale

11607.01 Cr

Price Band

₹1080 - ₹1140

Lot Size

13

IPO Timeline

Oct 07, 2025
Open Date
Oct 09, 2025
Close Date
Oct 10, 2025
Allotment Date
Oct 13, 2025
Initiation of Refunds
Oct 14, 2025
Listing Date

Financials

Revenue

Profit After Tax (PAT)

IPO Objective

The objects of the Offer are to carry out the Offer for Sale and achieve the benefits of listing the Equity Shares on the Stock Exchanges.

  • To carry out the Offer for Sale of up to 101,815,859 equity shares by the Selling Shareholder, LG Electronics Inc., who will be entitled to the entire proceeds of the Offer.

  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges, which is expected to enhance the company's visibility and brand image, and provide liquidity for the shares in India.

Key Performance Indicator

P/E Ratio

78.86

EPS

14.45

ROE

37.13%

ROCE

42.91%

RONW

37.13%

Debt to Equity Ratio

PAT Margin

8.95%

EBITDA Margin

12.76%

P/B

13.04

SWOT Analysis

Strengths

  • Leading market share in key product categories like washing machines, refrigerators, and televisions in India.

  • Strong brand recognition and access to innovative technologies through its global parent, LG Electronics Inc.

  • Extensive pan-India distribution network and one of the largest after-sales service networks among peers.

  • Robust in-house manufacturing capabilities with two advanced plants, ensuring operational efficiency and a localized supply chain.

Weaknesses

  • High dependence on the promoter, LG Electronics Inc., for brand usage, technology, and research & development.

  • Revenue is heavily concentrated in the Home Appliances and Air Solution division, making it vulnerable to segment-specific downturns.

  • Does not own key operational properties, including its manufacturing units and corporate office, which are all on a leasehold basis.

  • Market share has declined in some core categories like refrigerators and washing machines due to strategic exits from entry-level segments.

Opportunities

  • Significant growth potential in India's underpenetrated appliances and electronics market, driven by rising disposable incomes.

  • Growing consumer preference for premium, energy-efficient, and smart (IoT-enabled) home products.

  • Expansion of organized retail and e-commerce channels, which improves product accessibility and market reach.

  • Increasing demand in the B2B segment for products like commercial air conditioning and digital displays.

Threats

  • Intense competition from domestic, Chinese, and other global players leading to significant pricing pressures.

  • Vulnerability to global supply chain disruptions and volatility in the prices of key raw materials like semiconductors, copper, and steel.

  • Potential changes in government policies, such as trade tariffs, import duties, and regulations on energy efficiency standards.

  • Rapid technological advancements and shifting consumer preferences require continuous and substantial investment in R&D to remain competitive.

Subscription Rate

CategoryShares Bid ForShares OfferedTimes Subscribed
Qualified Institutional Buyers5.27 Cr2.03 Cr2.59x
Non-Institutional Investors11.59 Cr1.52 Cr7.60x
Retail Individual Investors6.79 Cr3.56 Cr1.91x
Employee8.68 L2.11 L4.12x
Others7.47 Cr1.02 Cr7.35x
Others4.12 Cr50.80 L8.10x
Total23.74 Cr7.13 Cr3.33x