LG Electronics sets price band at Rs 1,080-1,140 per share for Rs 11,607 crore IPO

LG Electronics IPO News

Korean home appliances and electronic products manufacturer LG Electronics Inc's Indian subsidiary has on October 1 fixed the price band for its initial public offering at Rs 1,080-1,140 per share.

The company is set to mobilise Rs 11,607 crore through the offer at the upper price band, which comprises of entirely offer-for-sale of 10.18 crore equity shares - equivalent to 15 percent of paid-up equity - by the promoter. Hence, the entire IPO proceeds will go to the selling shareholder and the Indian arm will not receive any funds.

The IPO will open for public subscription during October 7-9, while the one-day anchor book for institutional investors will be launched on October 6.

LG Electronics India has reserved 2.1 lakh shares of the offer for its employees, who will receive those shares at a discount of Rs 108 per share to the final issue price.

Investors can bid for a minimum of 13 equity shares and in multiples of 13 shares thereafter. The minimum investment by retail investors in the maiden public issue will be Rs 14,820, while they can apply for maximum 169 shares (13 lots) worth Rs 1,92,660 as their investment can't exceed Rs 2 lakh limit.

Click Here To Read All IPO News

In terms of allocation of shares, half of the offer size has been reserved for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 35 percent shares for retail.

LG Electronics manufactures home appliances and consumer electronics products including refrigerators, washing machines, air conditioners, water purifiers, dishwashers, and microwave ovens. It competes with Blue Star, Voltas, Havells, and Whirlpool, and claims the leading market share in the segment in the offline channel in India.

The financial performance of the consumer electronics company was weak in the recent quarter ended June 2025 with weakness in topline as well as operating numbers. Profit declined 24.5 percent to Rs 513.3 crore and revenue fell 2.3 percent to Rs 6,262.9 crore compared to same quarter previous year, while the EBITDA (earnings before interest, tax, depreciation and amortisation) dropped 25.2 percent to Rs 716.3 crore and margin slipped 351 bps to 11.43 percent during the same period.

The company will finalise IPO share allotment by October 10, while its equity shares will be available for trading on the bourses effective October 14.

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