LG Electronics India IPO: Price band fixed at ₹1,080-1,140 for ₹11,607 crore issue

LG Electronics India Ltd, the Indian subsidiary of South Korean conglomerate LG, has set a price band of ₹1,080-1,140 per share for its upcoming initial public offering. At the upper end of the price band, the market capitalisation of LG Electronics India is pegged at around ₹77,820 crore. 

The issue will open for subscription from October 7 to October 9, while anchor book will open for a day on October 6. The allotment of LG shares is expected to be finalised on October 10, while the stock will be listed on the BSE and the NSE on October 14, 2025.

The LG Electronics India IPO is completely 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 leading home appliances and consumer electronics manufacturer filed its draft IPO papers in December 2024 and received approval from market regulator Sebi on March 13, 2025. The company had initially planned to launch the issue in April-May but deferred the plan amid market volatility, subdued valuations, and shifting U.S. tariff policies.

The offering is set to be India’s third-largest IPO of 2025, after Tata Capital and HDB Financial Services’ ₹12,500-crore float in June. It will also mark the second South Korean company to list in India, following Hyundai Motors India, which went public in October 2024 with the country’s biggest-ever IPO, raising ₹27,870 crore.

According to the IPO prospectus, India’s appliances and electronics market grew at a CAGR of nearly 7% between CY2019 and CY2024 and is expected to accelerate to around 11% annually through CY2029. Growth drivers include higher disposable incomes, rapid urbanisation, and deeper penetration of appliances and electronics in both urban and rural markets.

The total addressable market (TAM) for the sector stood at approximately ₹3.24 lakh crore ($38.2 billion) in CY2024, up 12% annually since CY2019. By the six months ended June 30, 2025, TAM had expanded to ₹3.50 lakh crore ($41.2 billion) and is projected to almost double to ₹6.19 lakh crore ($72.8 billion) by CY2029, reflecting a five-year CAGR of about 14%.

The LG Electronics IPO will coincide with Tata Capital’s mega ₹15,512 crore public offering, which opens on October 6, 2025. The NBFC has priced its shares in the ₹310–326 band, valuing the company at about ₹1.38 lakh crore ($16 billion). The issue comprises a fresh share sale worth ₹6,846 crore and an offer for sale (OFS) of ₹8,665.87 crore by Tata Sons and the International Finance Corporation (IFC).

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