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LG Electronics IPO Launch Date: The firm awaits market conditions to stabilise before launching the issue, and it now sees October as the right window, according to a report.
LG Electronics IPO.
LG Electronics IPO Launch Date: South Korea’s LG Electronics is preparing to float the initial public offering (IPO) of its Indian subsidiary in October, according to The Economic Times citing banking sources. The consumer electronics giant is looking to raise around Rs 15,000 crore, which would make it the biggest share sale of 2025 so far.
According to one banker quoted by ET on condition of anonymity, the company was waiting for more favourable conditions in the equity markets before proceeding. “The company was waiting for market conditions to stabilise before launching the issue, and it now sees October as the right window,” the report cited the banker as saying.
LG Electronics received the green light from the Securities and Exchange Board of India (Sebi) in March, after having filed draft papers in December 2024. The Korean firm will offload 15% stake, or about 10.2 crore shares, through the IPO. This would be the second-largest Indian offering by a Korean company, following Hyundai Motor’s blockbuster listing in October 2024.
The IPO will be managed by Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India, ET reported. Emails to the company and bankers did not elicit a response.
The planned share sale comes amid a busy primary market. Nearly 30 companies have raised over Rs 60,000 crore via IPOs in 2025 so far, led by HDB Financial Services’ Rs 12,500-crore issue — the largest this year. Another Rs 70,000 crore worth of deals are expected in the coming months, with big names like Tata Capital (Rs 17,200 crore), Groww, Meesho, PhonePe, Boat, Lenskart, Shadowfax, WeWork India, and Physics Wallah in the pipeline.
LG had initially considered launching its India IPO in April-May, but deferred the plan due to volatile markets and global uncertainties — including trade disputes, shifting US tariffs, and geopolitical tensions — which lowered its valuation expectations from about $15 billion to $10.5-11.5 billion, ET noted.
About LG Electronics India
LG Electronics India, a subsidiary of LG Electronics Inc., was established in 1997 and has maintained its position as the market leader in India’s home appliances and consumer electronics industry for 13 consecutive years (2011–2023) by value market share in the offline channel, according to a Redseer Report mentioned in the DRHP.
When compared to listed industry peers like Havells India Ltd, Voltas Ltd, Whirlpool of India Ltd, and Blue Star Ltd, LG Electronics India achieved the highest revenue from operations and earnings per share (EPS) in fiscal 2024.
Globally, LG Electronics is recognized as the leading single-brand home appliances company by revenue for 2023, as per the Redseer Report. Catering to both B2C and B2B markets within and outside India, the company offers same-day installation, repair, and maintenance services for its products.
With 27 years of experience in India, LG Electronics India has cultivated deep consumer insights, enabling it to meet the unique demands of Indian customers. LG Electronics India boasts the largest distribution network among its peers, covering both urban and rural regions through 36,401 B2C touchpoints. Its after-sales services are facilitated through 949 authorized service centers nationwide, supported by an extensive supplier base of 280 vendors with an average relationship tenure of 11 years as of June 30, 2024.
LG Electronics India’s Financials
For fiscal 2024, the company reported a revenue of Rs 21,352 crore, marking an increase from Rs 19,868.24 crore in fiscal 2023. Profit after tax rose by 12.35% to Rs 1,511.07 crore from Rs 1,344.93 crore during the same period. In the three months ending June 30, 2024, revenue was Rs 6,408.80 crore, with a profit after tax of Rs 679.65 crore.
The company holds a dominant market position across various product categories, including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 08, 2025, 13:02 IST
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