Abhishek Sinha
Updated: October 3, 2025 | Market Desk
LG Electronics India is gearing up for one of the biggest initial public offerings (IPOs) of 2025, aiming to raise ₹11,605 crore through a pure offer-for-sale (OFS). The South Korean parent, LG Electronics Inc., will be selling up to 10.18 crore equity shares, with no proceeds going directly to the Indian subsidiary.
The IPO will open next week with a price band of ₹1,080–₹1,140 per share and a lot size of 13 equity shares. Shares are expected to list on BSE and NSE on October 14, 2025.
LG Electronics IPO Details
- Issue Size: ₹11,605 crore
- Offer Type: 100% Offer-for-Sale (OFS)
- Price Band: ₹1,080–₹1,140 per share
- Lot Size: 13 shares and multiples thereafter
- Listing Date: October 14, 2025
- Lead Managers: Axis Capital, Morgan Stanley India, Citigroup Global Markets India, JP Morgan India, BofA Securities
- Registrar: Kfin Technologies
Brokerage Views on LG Electronics IPO
Nuvama Institutional Equities
- Highlighted LG’s $600 million capex plan for a third manufacturing unit, boosting domestic capacity and exports.
- Valuation pegged at 35.6x FY25 EPS at the upper price band.
- Praised LG’s 28-year legacy in India, strong distribution network of 35,640 B2C touchpoints and 463 B2B partners, and leadership across product categories like TVs, refrigerators, washing machines, ACs, and microwaves.
- Notes India’s consumer durables sector is expected to grow at 8–10% CAGR through 2029, supported by urbanisation, rising incomes, and digital adoption.
SBI Securities
- Assigned a ‘Subscribe’ rating citing LG’s superior financial performance and returns.
- Reported CAGR growth during FY23–FY25:
- Revenue: 10.8%
- EBITDA: 28%
- PAT: 27.8%
- Strong post-issue valuation at P/E multiple of 35.1x.
- Believes LG outperforms peers on most parameters, backed by a robust RoCE and RoIC profile.
LG Electronics India – Market Leadership
- One of India’s largest home appliance and consumer electronics brands.
- Dominates offline value market share across multiple categories.
- Strong in-house manufacturing capabilities give it a competitive edge.
- Over FY19–FY25, delivered CAGR of 8% in revenue, 5% in EBITDA, and 6% in PAT, with industry-leading median RoCE of 34% and RoIC of 89%.
Key Highlights for Investors
- Third-largest IPO of 2025.
- Backed by strong brand equity and consumer trust.
- Expanding manufacturing footprint with a large-scale capex plan.
- Strong financials and high return ratios compared to peers.
- Beneficiary of India’s rising consumer demand in durables and electronics.
Bottom Line
The LG Electronics India IPO is generating strong interest among investors, thanks to its brand strength, market leadership, and growth-driven capex strategy. While valuations are on the higher side, analysts believe the company’s superior financial track record and expansion plans justify investor confidence.
