LG Electronics India IPO: Know Offer Size, GMP And Other Key Details About Home Appliance Maker’s Public Issue

LG Electronics India IPO: The long-awaited initial public offering (IPO) of LG Electronics India is scheduled to open for subscription this coming week. The South Korean electronics company’s Indian subsidiary had received approval from the market regulator, the Securities and Exchange Board of India (Sebi) for its public issue in March 2025.

Notably, LG Electronics India IPO is one of the largest public issues of 2025 in terms of offer size along with the Tata Capital IPO and HDB Financial Services IPO. Ahead of the opening of the bidding window in the second week of October, here’s a look at some key details of the public issue from the red herring prospectus (RHP):

LG Electronics India IPO GMP

The grey market premium for LG Electronics India’s shares ranges between Rs 110 and Rs 120 on October 5, 2025, according to multiple websites which track the demand for unlisted shares. Based on the GMP for shares of the home appliance maker, the stock is expected to list with a premium of 10.52 per cent at Rs 1,260 apiece. However, investors must note that GMP is an unofficial estimate of the potential demand for a company’s shares, and the listing of a stock ultimately depends on a slew of factors, such as the overall investor sentiment and the demand for the company’s shares.

LG Electronics India IPO: Issue Size and Price Band

LG Electronics India is expected to be worth around Rs 11,607.01 crore, according to the company’s RHP. The public issue consists only of an offer for sale (OFS) of up to 101.80 million shares. The price band for LG Electronics IPO has been fixed at Rs 1,080-1,140 per share.

LG Electronics India IPO: Key Dates

The subscription window will remain open from October 7-9, and the share allotment status will be finalised on October 10. Successful bidders will receive the shares on October 13 and unsuccessful bidders will receive refunds on the same day. Shares of LG Electronics India are likely to list on the NSE and BSE on October 14.

LG Electronics India IPO: Registrar

LG Electronics India’s registrar is Kfin Technologies, and the book-running lead manager is Morgan Stanley India.

LG Electronics India IPO: Promoters

The South Korean home appliance maker, LG Electronics will pare its stake in the OFS. The stake of the Korean company in its Indian subsidiary will reduce from 100 per cent prior to the issue to 85 per cent post the issue.

LG Electronics India: Business Model

LG Electronics India was incorporated in 1997 as a subsidiary of LG Electronics. The company operates across two broad verticals, according to its RHP, which are home appliances, air solutions and home entertainment. Under its home appliances and air solutions business vertical, the company makes and distributes refrigerators, washing machines, air conditioners, water purifiers, air purifiers, dishwashers, microwave ovens, compressors and motors for its business to consumer clients (B2C).

The company also manufactures air conditioners for its business to business (B2B) clients. Under its home entertainment vertical, the company manufactures and distributes televisions and audio devices for its B2C clients, and monitors, projectors and information displays for its B2B clients.

LG Electronics India claims it was the leading single-brand global home appliances player in terms of market share by revenue in CY2024, according to the Redseer Report (‘Industry Report for Appliances and Electronics Market in India). According to the report, the company offers one of the widest product portfolios among leading home appliances and consumer electronics players in India as of June 30, 2025.

LG Electronics India: Peers

LG Electronics India competes with several companies in the domestic home appliances and consumer electronics market. Some of the listed peers of the companies which operate in similar business verticals include Havells, Voltas, Whirlpool and Blue Star.

LG Electronics India: Key Financial Details

LG Electronics India’s total income for the quarter ended June 30, 2025 stood at Rs 6,337.36 crore, the company’s profit-after-tax (PAT) stood at Rs 513.26 crore, and the company’s net worth stood at Rs 6,447.85 crore.

LG Electronics India’s total income for the fiscal ended March 31, 2025 (FY25) stood at Rs 24,630.63 crore, up by over 14 per cent compared to Rs 21,557.12 crore in FY24. The home appliance maker’s PAT also increased by 45 per cent to Rs 2,203.35 crore in FY25, compared to Rs 1,511.07 crore in the preceding fiscal. LG Electronics India’s net worth surged by over 58 per cent to Rs 5,933.75 crore in FY25 compared to Rs 3,735.82 crore in FY24.

LG Electronics India IPO: Objective

LG Electronics India will not receive the proceeds of the public issue. The home appliance maker expects the listing of its equity shares to enhance its visibility and brand image, and provide liquidity and a public market for its shares.