LG Electronics’ mega ₹15,000 cr IPO poised for mid-October debut

The highly-awaited initial public offering (IPO) of LG Electronics India is slated to hit Dalal Street in the second week of October, with the consumer durables giant aiming to raise ₹15,000 crore through a public listing of shares on domestic bourses.

The LG Electronics India IPO is expected to open in the second week of October, with shares likely to debut on the exchanges in the third week, industry sources told Fortune India. The company is set to start roadshows in India in the first week of October to woo potential investors for its public issue, according to market sources.

This will be India’s largest IPO in 2025, following HDB Financial Services’ ₹12,500-crore issue in June. It will the second South Korean company to tap 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.

The launch is expected to coincide with Tata Capital’s ₹17,000-crore IPO, putting it in direct contention for the year’s top spot.

So far in 2025, 49 mainboard IPOs have raised ₹71,947 crore till August 30, and several more are lined up for the coming months, indicating continued momentum in the primary market.

Here’s all you need to know about LG Electronics IPO

The IPO of LG Electronics India, owned by South Korean parent chaebol LG, has already been approved the capital market regulator Securities and Exchange Board of India (Sebi). The company had filed its draft IPO papers with the Sebi in December 2024, and obtained the regulator's observations on March 13, 2025.  

LG had initially planned a launch in April-May, but deferred it amid market volatility and muted valuations driven by global trade tensions and shifting U.S. tariffs.

LG Electronics is expected to disclose price band, issue dates, and exact issue size in the first week of October. The IPO is completely an offer for sale by its South Korean parent.

According to the draft red herring prospectus (DRHP), LG Electronics Inc. plans to offload over 10.18 crore shares with a face value of ₹10 each, representing a 15% stake in its Indian subsidiary, via the offer-for-sale (OFS) route. Post-listing, the promoter will retain 57.69 crore shares, or an 85% holding, in the company.

LG Electronics, a global player in consumer electronics, home appliances, and mobile communications, faces competition in India from listed peers such as Havells, Voltas, Whirlpool, and Blue Star, as well as from international rivals Samsung and Sony.

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

Established in 1997 as a wholly owned subsidiary of its South Korean parent, LG has been present in India for 27 years. As per Redseer, it leads the home appliances and consumer electronics market (excluding mobile phones) in terms of volume for the six months ended June 30, 2024. The company has also maintained the top spot by value market share in India’s offline channel for 13 consecutive years (CY2011–CY2023).

India’s appliances and electronics industry, which grew at a 7% CAGR over the past five years, is expected to accelerate to 12% annual growth over the next five years, driven by rising disposable incomes, rapid urbanisation, and deeper penetration in both urban and rural markets.

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