LG Electronics IPO to open on October 7 with entire offer for sale by Korean parent

LG Electronics IPO News

LG Electronics India, one of the leading home appliances and consumer electronics manufacturers, is set to launch its maiden public issue on October 7. This would be another big IPO launching next week following Tata Capital's Rs 15,512-crore IPO scheduled for October 6.

Korea-based promoter LG Electronics Inc will be offloading up to 10,18,15,859 equity shares via offer-for-sale with no fresh issue component.

Moneycontrol was the first to report that LG Electronics Inc.’s India subsidiary is set to launch its $1.3 billion (Rs 11,500-crore) initial public offering (IPO) in the week beginning October 6.

The company will launch its IPO anchor book on October 6, while the issue will remain open for public till October 9. The IPO share allotment will be finalised by October 10.

LG Electronics shares will be available for trading on the BSE and NSE, effective October 14.

As it is the complete offer-for-sale (OFS), the main objectives of the IPO launch are to carry out the said OFS, and list equity shares on the stock exchanges.

The company, which competes with listed peers like Havells, Voltas, Whirlpool, and Blue Star, has reported net profit at Rs 2,203.3 crore for the year ended March 2025, growing 45.8 percent compared to Rs 1,511 crore in previous fiscal 2024. Revenue during the same period soared 14.1 percent to Rs 24,366.6 crore, up from Rs 21,352 crore.

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However, the financial performance in the first quarter ended June of the current financial year 2025-26 was weak. Profit fell sharply by 24.5 percent to Rs 513.3 crore, down from Rs 679.6 crore in corresponding period last fiscal, dented by subdued topline and operating numbers. Revenue dropped 2.3 percent to Rs 6,262.9 crore, against Rs 6,408.8 crore in the same period.

EBITDA in Q1FY26 plunged 25.2 percent on-year to Rs 716.3 crore, compared to Rs 958 crore, with margin declining 351 bps to 11.43 percent.

Noida-based LG Electronics, backed by strong parentage, claims the number one player in major home appliances and consumer electronics (excluding mobile phones) in India for the six months ended June 2025 as per the market share (in terms of value) in the offline channel, according to the Redseer Report. It offers multiple products including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves.

The merchant bankers managing the LG Electronics IPO are Axis Capital, Citigroup Global Markets India, Morgan Stanley India Company, JP Morgan India and BofA Securities India.

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