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Home
InvestmentsIPOLG Electronics IPO

LG Electronics IPO

Mainboard

Open Date

7 Oct 2025

Close Date

9 Oct 2025

Min Investment

₹ 14,040

Max Investment

₹ 5,00,000

Lot Size

13

Issue Size

₹ 11607.01 Cr

Price Range

₹ 1080 - ₹ 1140
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
7 Oct 2025
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IPO Offer Ends
9 Oct 2025
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Allotment Finalisation
10 Oct 2025
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Refund Initialisation
13 Oct 2025
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Non-Institutional Buyers (sHNI)
13 Oct 2025
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Listing of Shares
14 Oct 2025
IPO Subscription Details as on 13 Dec 2025, 01:42 PM
Qualified Instituational Buyers (QiB)
166.51 x
Retail
3.47 x
Employees
7.35 x
Non-Institutional Buyer (bHNI)
24.68 x
Non-Institutional Buyer (sHNI)
17.9 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is the market leader in India in major home appliances and consumer electronics (excluding mobile phones) in terms of volume for the six-month period ending June 30, 2024, and has been the number one player in this industry for 13 consecutive years (CY2011 to CY2023) as per the value market share in the offline channel in India. The company was incorporated in 1997 as a wholly owned subsidiary of LG Electronics, which is the leading single-brand global home appliances player in terms of market share by revenue in CY2023. The company operates across two business segments: Home Appliances and Air Solution, and Home Entertainment. The company offers one of the widest product portfolios amongst leading home appliances and consumer electronics players (excluding mobile phones) in India as of June 30, 2024. The company sells products to B2C and B2B consumers in India and outside India, and also offers installation services, and repairs and maintenance services for all products. The company leverages 27 years of experience in India to develop insights into consumers' preferences and addresses demand by leveraging the global leadership of LG Electronics to introduce new and innovative products for consumers in India. The company operates the largest distribution network among leading home appliances and consumer electronics players in India as of June 30, 2024, with distribution network spanning across urban and rural India through 36,401 B2C touch points for the three months ended June 30, 2024. The company operates one of the largest after-sales service networks in terms of number of after-sales service center touchpoints among leading home appliances and consumer electronics players in India as of June 30, 2024, providing installation and repairs/maintenance services through 949 service centers across urban and rural India, supported by 12,590 engineers and four call centers. The company has one of the largest in-house production capacity (excluding mobile phones) amongst leading home appliances and consumer electronics players in India as of June 30, 2024, with two advanced manufacturing units located in Noida and Pune. In Fiscal 2024, the company had an installed capacity of 13,990,000 products at the Noida and Pune Manufacturing Units collectively. The company derives significant benefits from LG Electronics parentage including access to innovative technologies, manufacturing expertise, quality control standards and the 'LG' brand which was listed on Interbrand's Top 100 Best Global Brands in 2024.
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Founded In

1997

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CEO

Daehyun Song

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DRHP

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Financials of Lg Electronics India IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue19,86,459.3021,35,200.0024,36,663.80
Other Income24,399.1020,511.8026,399.00
Total Income
20,10,858.4021,55,711.8024,63,062.80
Total Expenses
18,28,825.5019,52,000.1021,66,751.70
Profit Before Tax1,82,032.902,03,711.702,96,311.10
Total Profit
1,34,493.001,51,106.802,20,334.80

All figures are in lakhs (₹)

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Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
The company is conducting an Offer for Sale of equity shares. The company will not receive any proceeds from this Offer, as all proceeds will be received by the Selling Shareholder after deduction of Offer related expenses and relevant taxes.-
The company aims to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The company expects that listing of the Equity Shares will enhance its visibility and brand image and provide liquidity and a public market for the Equity Shares in India.-
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  • Leading market share in the home appliances and consumer electronics industry in India with #1 market share across key product categories: The company has been the number one player in this industry for 13 consecutive years (CY2011 to CY2023) as per the value market share in the offline channel in India. The company is also market leader in India across multiple product categories including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves, based on the value market share in the offline channel (which is approximately 80% of the major home appliances and consumer electronics market (excluding mobile phones) in India in terms of value in the same period) for the six-month period ending June 30, 2024. The company's market leadership also extends across the volume and premium segments across washing machines, panel televisions, and microwaves in India as per the value market share in the offline channel for the six-month period ending June 30, 2024.
  • Introducing innovative technologies tailored to the needs of the Indian consumers: The company's 27 years of experience in India has enabled it to develop insights into consumers' preferences in India and understand the demands of Indian consumers. The company addresses this demand by leveraging the global leadership of LG Electronics recognized as a pioneer of innovative technology to introduce new and innovative products for consumers in India, and where necessary, customize some of these products to cater to Indian consumer preferences and local requirements. As a result, the company has introduced many industry-first technologies in the home appliances and consumer electronics industry in India. For example, the company was the first leading home appliances and consumer electronics player to introduce OLED televisions in India in 2015 and were amongst the first players to launch 4K televisions and Smart televisions in 2011.
  • Shaping consumer experience with pan-India distribution and after-sales service network: The company operates the largest distribution network among leading home appliances and consumer electronics players in India as of June 30, 2024. The company has an expansive sales network through 36,401 B2C touch points (comprising LG BrandShops that are strategically located in main shopping areas of the cities and towns, modern trade stores such as Reliance Retail, Croma (Infiniti Retail) and Vijay Sales, online touch points, traditional stores, distributors and sub-dealers), for the three months ended June 30, 2024. The company operates one of the largest after-sales service networks in terms of number of after-sales service center touchpoints among leading home appliances and consumer electronics players in India as of June 30, 2024. The company's after-sales service network comprised 949 authorized service centers as of June 30, 2024, through which it offers same-day installations and repairs/maintenance services.
  • Operational efficiency through strong manufacturing capabilities and localized supply chain: The company had one of the largest in-house production capacity (excluding mobile phones) amongst leading home appliances and consumer electronics players in India as of June 30, 2024. The company has two manufacturing units located in Noida and Pune which in aggregate accounted for 84.18%, 85.73%, 85.28% and 84.17% of overall sales in the three months ended June 30, 2024, and Fiscals 2024, 2023 and 2022, respectively. The company manufactures key components of products at its Noida Manufacturing Unit and Pune Manufacturing Unit, which gives it greater control over the product development process, product quality, costs and supply and delivery time. The company has an extensive supplier network comprising 280 suppliers that have a relationship with it for an average of 11 years as of June 30, 2024.
  • Parentage of LG Electronics, which is the leading single-brand global home appliances player in terms of market share by revenue in CY 2023 and strong LG brand: LG Electronics is a leading single-brand global home appliances player in terms of market share by revenue in CY2023 that is committed to providing quality products and consumer experiences. In India, the company has leveraged the 'LG' brand image and associated consumer loyalty to maintain its market leadership. The 'LG' brand is a symbol of reliability for Indian consumers, as evidenced in the company being recognized by Trust Research Advisory as the 'Most Trusted Brand for Refrigerators, Washing Machines, Air Conditioners & Televisions' for four consecutive years from 2020 to 2023, and the 'Most Attractive Brand' in 2020 by The Economic Times Brand Equity. The company's social media channels had over six million followers as of June 30, 2024.
  • Capital efficient business with high growth and profitability: The company has built a business with strong profitability and return compared to its peers, which is a testament to its business model. The company places an emphasis on capital efficiency which is reflected in Return on Capital Employed of 45.31% in Fiscal 2024, the highest amongst leading home appliances and consumer electronics players with an average of approximately 17%. The company also had a net working capital cycle of approximately 15 days in Fiscal 2024, as compared to the average of approximately 25 days among leading home appliances and consumer electronics players. The company's free cash flow conversion ratio, that is defined as free cash flow divided by EBITDA, was approximately 59.5% in Fiscal 2024 compared to an average of approximately 58.6% among leading home appliances and consumer electronics players. The company had one of the best-in-class profitability, delivering EBITDA Margin and Net Profit Margin of 10.42% and 7.01%, as compared to an average of less than 7% and 4.5% respectively across leading home appliances and consumer electronics players, in Fiscal 2024.

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