By Priya Raghuvanshi
Copyright timesnownews
LG Electronics India is all set to open its highly anticipated Rs 15,000-crore IPO for subscription starting October 7, closing on October 9. This public offering will be an Offer for Sale (OFS) of 10.18 crore shares entirely sold by its Korean parent company. The exact price band for the IPO is yet to be announced, with anchor investors expected to subscribe a day earlier on October 6. The company had paused its IPO plans earlier due to market uncertainty, but has now revived the issue, making it one of the largest listings expected this year. Market Position And Industry Leadership LG Electronics is a trusted name across Indian households, leading the market in major home appliances and consumer electronics (excluding mobile phones) by volume. According to a Redseer Report, the company has held the top position in the offline channel market share value in India for 13 consecutive years from 2011 to 2023. When compared with industry peers like Havells India, Whirlpool India, Voltas, and Blue Star, LG Electronics India reported the highest revenue and earnings per share (EPS) in fiscal year 2024, underscoring its dominance in the sector. Business Overview And Growth Outlook The company serves both business-to-consumer (B2C) and business-to-business (B2B) segments across India and internationally. It offers comprehensive services, including installation, repairs, and maintenance. LG maintains the largest distribution network among home appliance players, reaching over 35,000 B2C touchpoints nationwide as of June 2025. India’s appliances and electronics market, which grew at about 7 per cent annually from 2019 to 2024, is projected to accelerate to around 11 per cent growth annually through 2029, fueled by rising disposable incomes, urbanisation, and expanding penetration in rural and urban areas alike. Number Of FY24 For FY24, LG Electronics India posted revenue of Rs 21,352 crore, up from Rs 19,868 crore in FY23, with profit after tax increasing by 12 per cent to Rs 1,511 crore. The IPO’s book-running lead managers include Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities, and Citigroup Global Markets, with KFin Technologies acting as the registrar. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.
