LG Electronics India IPO

About the company

Incorporated in 1997, LG Electronics India is a leading home appliances and consumer electronics brand. It is a wholly owned subsidiary of LG Electronics, which is one of the largest global home appliances players in terms of market share by revenue in CY2024, according to the Redseer report. LG Electronics India offers the widest product portfolio and maintains leadership across multiple categories such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves. The company sell products to B2C and B2B consumers in India and outside India. It also offers installation services, repairs and maintenance services for all products. The company has a strong parentage of the “LG” brand, which gives it access to innovative technologies and a commitment to quality. Over nearly three decades, LG Electronics India has established itself as the number one player in major home appliances and consumer electronics (excluding mobile phones), maintaining leadership across multiple categories such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves. In the offline channel, LG has had the leading market share position for the last three calendar years. The company operates through two major business segments: Home appliances & air solutions, accounting for 78.37% of June 2025 revenue and home entertainment, accounting for 21.63%. Under home appliances, refrigerators accounted for 34.59% of revenue, followed by air conditioners with 20.40% and washing machines with 18.48% in Q1FY26. In-home entertainment, televisions accounted for 16.71% of revenue in Q1FY26. This diversified portfolio puts the company in a position to tap demand in both mass and premium product segments. The company was one of the initial top home appliances and consumer electronics players to launch OLED television sets in India in 2015, and was among the first players to launch 4K televisions and smart televisions in 2011. LG India has established the strongest distribution base among competitors, with 35,640 B2C touch points and is backed by 463 B2B partners as of June 2025. The company has a countrywide supply chain with 25 warehouses (2 central distribution centres and 23 regional locations). It has a large network of suppliers consisting of 287 suppliers having a tie-up with the company for 13.13 years on average as of June 30, 2025. It also offers installation and repair/maintenance services through 1,006 service centres in urban and rural India, backed by 13,368 engineers and four call centres. The company operates two advanced manufacturing facilities at Noida and Pune, with a combined installed capacity of 1.45 crore products as of Q1FY26. These plants manufacture not only finished goods such as refrigerators, washing machines, televisions, and air conditioners, but also critical components like compressors and motors. In FY25, manufacturing facilities operated at an aggregate capacity utilisation of 76.80%, with productivity improvements of up to 29% in air conditioners and 13% in washing machines between FY22 and FY25 due to automation initiatives. The third manufacturing unit is under development in Andhra Pradesh with an investment outlay of ₹5,001 crore, expected to be operational by FY27. India’s appliances and electronics market has grown at approximately 7% from CY19 to CY24, and this growth is expected to accelerate to approximately 11% from CY24 to CY29, driven by rising disposable incomes, growing urbanisation, and increasing penetration of appliances and electronics in both urban and rural areas. The company, being the number one player in major home appliances and consumer electronics (excluding mobile phones) in India for H1CY25 and the last 3 calendar years, as per the market share in the offline channel, is well-positioned to capture this demand. Additionally, the annual maintenance contracts (AMC) market in India is expected to grow at a 5-year CAGR of approximately 14% from CY24 to CY29. The company intends to continue strengthening its AMC offerings for its B2C and B2B consumers, with a focus on HVAC servicing for B2B consumers. The company aims to deliver products that meet the core needs of Indian consumers across various price points and build strong brand loyalty through enhanced service experience. It is also expanding its portfolio to cover HVAC, commercial information displays, commercial washing machines, LED displays and electronic blackboards, to address the growing demand in the B2B market. Now, LG Electronics Ltd is launching its initial public offering (IPO), which consists of an offer for sale of ₹₹11,607.01 crore. Its shares will be listed on the NSE and BSE.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   07 Oct 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   09 Oct 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   10 Oct 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   13 Oct 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   13 Oct 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   14 Oct 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.