The much-awaited initial public offering (IPO) of LG Electronics India, one of the leading home appliances and consumer electronics manufacturers, is set to hit D-Street on October 7. The IPO is entirely an offer-for-sale of up to 10.18 crore equity shares by its South Korean parent, LG Electronics Inc., with no fresh issue component.

Post-listing, the promoter will retain 57.69 crore shares, or an 85% holding, in LG Electronics India.

The LG Electronics IPO will close on October 9, while the allotment of shares is expected to be finalised on October 10. The company will be listed on the BSE and NSE on October 14.

The price band and issue size are expected to be announced tomorrow. The report suggests that the consumer durables giant is aiming to raise around ₹11,500 crore. 

The IPO coincides with the mega ₹15,512-crore public offer of Tata Capital, which opens for bidding on October 6.

The LG Electronics market debut is touted to be India’s third-largest IPO in 2025, following Tata Capital and HDB Financial Services’ ₹12,500-crore issue in June. Also, this will be the second South Korean company to tap into the Indian share market, following Hyundai Motors India (HMIL), which got listed in October last year after raising ₹27,870 crore in the country’s largest ever public issue.

LG Electronics India had filed its draft IPO papers in December 2024 and received Sebi’s observations on March 13, 2025. The company had originally planned to launch the IPO in April-May, but deferred it due to market volatility and muted valuations amid global trade tensions and changes in U.S. tariffs.

LG, a leading player in consumer electronics, home appliances, and mobile communications, competes with listed domestic peers such as Havells, Voltas, Whirlpool, and Blue Star, as well as global rivals like Samsung and Sony.

In FY24, the company reported a 12.35% year-on-year increase in profit to ₹1,511.1 crore, while revenue rose 7.48% to ₹21,352 crore. Operating profit (EBITDA) stood at ₹2,224.87 crore, with a margin of 10.42%. For Q1FY25 (ended June 30, 2024), LG Electronics India posted a profit of ₹679.65 crore on revenue of ₹6,408.8 crore. Segment-wise, home appliances and air solutions contributed approximately 79% of revenue, with home entertainment accounting for the remaining 21%.

According to the IPO document, India’s appliances and electronics market has expanded at a CAGR of around 7% between CY19 and CY24, and this growth is expected to accelerate to approximately 11% from CY24 to CY29. Key drivers include rising disposable incomes, rapid urbanisation, and increasing adoption of appliances and electronics across both urban and rural regions.

The total addressable market (TAM) for India’s appliances and electronics sector was estimated at around ₹3.24 lakh crore ($38.2 billion) in CY24, reflecting a CAGR of approximately 12% between CY19 and CY24. As of the six months ended June 30, 2025, the TAM stands at roughly ₹3.50 lakh crore ($41.2 billion) and is projected to reach about ₹6.19 lakh crore ($72.8 billion) by CY29, growing at a five-year CAGR of around 14%.

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