LG Electronics India, one of the leading home appliances and consumer electronics manufacturers in the country, is set to launch its maiden public issue on October 7, 2025. The IPO comes just a day after Tata Capital’s mega ₹15,512-crore public issue scheduled for October 6, marking a busy week for Indian capital markets.
The Korea-based promoter LG Electronics Inc will offload up to 10,18,15,859 equity shares via an offer-for-sale (OFS), with no fresh issue component included. Moneycontrol was the first to report that LG Electronics India’s IPO is expected to raise about $1.3 billion (₹11,500 crore) through this listing.
The IPO anchor book will open on October 6, while the public issue will remain open until October 9. The allotment of shares is scheduled to be finalized by October 10, 2025, and trading of LG Electronics shares on the BSE and NSE will commence from October 14, 2025.
As the IPO is a complete offer-for-sale, the primary objectives of the listing are to execute the OFS by the promoter and to list the equity shares on the stock exchanges, thereby providing an opportunity for existing shareholders to monetize their holdings while making the shares available for public trading.
Strong Financial Performance in FY25
LG Electronics India has posted robust financial results for the fiscal year ending March 2025. The company reported a net profit of ₹2,203.3 crore, up 45.8 percent from ₹1,511 crore in the previous fiscal year 2024. Revenue during the same period grew 14.1 percent to ₹24,366.6 crore from ₹21,352 crore in FY24.
The strong performance was driven by growth across multiple product lines, including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves. LG Electronics India competes with other listed home appliance and consumer electronics companies such as Havells, Voltas, Whirlpool, and Blue Star.
Noida-based LG Electronics, backed by its Korean parent, claims to be the number one player in major home appliances and consumer electronics (excluding mobile phones) in India for the six months ended June 2025, based on market share in value terms within the offline channel, according to the Redseer Report.
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Q1FY26 Shows Slower Performance
Despite the strong full-year results, LG Electronics India reported weaker performance in the first quarter of FY26. Profit for the quarter ended June 2025 fell sharply by 24.5 percent to ₹513.3 crore, down from ₹679.6 crore in the same period last fiscal. This decline was attributed to subdued topline growth and weaker operating numbers.
Revenue for Q1FY26 dropped 2.3 percent to ₹6,262.9 crore compared to ₹6,408.8 crore in the corresponding quarter of FY25. EBITDA also declined significantly, falling 25.2 percent year-on-year to ₹716.3 crore from ₹958 crore, while the EBITDA margin contracted by 351 basis points to 11.43 percent.
The decline in quarterly performance comes at a time when the company is preparing for its IPO, but overall market sentiment remains positive due to the company’s strong parentage and leadership position in the home appliance and consumer electronics market in India.
IPO Objectives and Market Listing
The IPO’s complete offer-for-sale structure means that LG Electronics India is not raising fresh capital for business expansion or working capital purposes. Instead, the listing primarily serves to allow the Korean parent company to divest a portion of its existing stake while enabling public participation in one of India’s leading home appliance firms.
The IPO will also facilitate the listing of the company’s shares on major stock exchanges, providing liquidity for shareholders and enhancing the company’s visibility in the public market. Once listed, the company’s shares will be available for trading on both the BSE and NSE from October 14, 2025.
Product Portfolio and Market Position
LG Electronics India’s product portfolio spans several key categories in the home appliance and consumer electronics sector. The company offers washing machines, refrigerators, inverter air conditioners, panel televisions, and microwaves, among other products. Its leadership in the offline retail segment reflects its strong brand presence and extensive distribution network across India.
According to market reports, the company holds the number one position in major home appliances and consumer electronics (excluding mobile phones) in India for the first half of 2025. This leadership position is supported by a combination of product quality, brand recognition, and parentage from LG Electronics Inc., one of the largest electronics manufacturers globally.
The company faces competition from other listed peers, including Havells, Voltas, Whirlpool, and Blue Star. Despite strong competition, LG Electronics India has maintained robust profitability and market share, making it an attractive candidate for the IPO.
Merchant Bankers and Issue Management
The LG Electronics India IPO is being managed by a consortium of leading merchant bankers. The names handling the issue include Axis Capital, Citigroup Global Markets India, Morgan Stanley India Company, JP Morgan India, and BofA Securities India. These financial institutions are responsible for coordinating the IPO process, managing the anchor book, and ensuring a smooth listing on the stock exchanges.
The anchor book for institutional investors will open on October 6, 2025, a day before the public portion of the issue. Following the completion of the anchor allocation and public subscription period, the share allotment will be finalized on October 10, 2025.
Market Expectations and Significance
The LG Electronics India IPO is expected to be one of the largest listings of the week, following Tata Capital’s ₹15,512-crore IPO on October 6. With a total offer size of approximately $1.3 billion (₹11,500 crore), the IPO is poised to attract strong investor interest given the company’s market leadership, parentage, and robust full-year FY25 financials.
While the first quarter of FY26 showed slower growth, the overall fundamentals of the company remain strong. Investors will likely focus on both the company’s historical performance and its long-term market position in India’s home appliance and consumer electronics sector.
Conclusion
LG Electronics India’s maiden IPO, opening on October 7, 2025, represents a significant moment for the company and for Indian equity markets. The entire offer-for-sale by the Korean parent provides an opportunity for public investors to participate in a market-leading company with a wide range of home appliances and consumer electronics products.
The IPO structure, market leadership, and strong parentage are likely to generate considerable investor interest. Trading is expected to begin on BSE and NSE from October 14, 2025, following the completion of share allotment on October 10. Despite a subdued Q1FY26 performance, the company’s overall financial track record, including a 45.8 percent growth in net profit in FY25, positions it as an attractive addition to investor portfolios.
As the IPO opens next week, all eyes will be on LG Electronics India as it enters the public market, following in the footsteps of other major listings like Tata Capital. The issue will not only provide liquidity for the promoter but also allow retail and institutional investors to gain exposure to one of India’s most recognized home appliance and consumer electronics brands.
