LG Electronics India IPO Opens, Should You

LG Electronics India, a subsidiary of South Korea’s LG Corporation, has launched its much-awaited ₹11,607 crore IPO from October 7 to October 9, 2025. The IPO is an offer-for-sale (OFS) with the parent company selling 10.18 crore shares and not raising fresh funds. The shares are priced in the band of ₹1,080 to ₹1,140 per share, with a minimum bid lot of 13 shares costing about ₹14,820 at the upper band.

The IPO has attracted strong interest reflected in a healthy grey market premium of around 24-28%, pointing to optimistic listing gains. Global and domestic institutional investors, including Goldman Sachs, BlackRock, and Abu Dhabi Investment Authority, participated strongly as anchor investors, contributing ₹3,475 crore at ₹1,140 per share.

LG India leads the country’s home appliance and consumer electronics market with a robust manufacturing presence in Noida and Pune and a wide distribution and service network. The company prides itself on domestic sourcing as part of the Make in India initiative, with approximately 54% of components sourced locally. It serves both retail and B2B customers with a broad product line including TVs, refrigerators, air conditioners, and washing machines.

The IPO allotment will be finalized by October 10, and the shares are expected to list on the BSE and NSE around October 14, 2025. Analysts have given the IPO a “Subscribe” rating due to LG India’s strong brand, profitable operations, and reasonable valuation compared to peers, making it a promising opportunity for investors interested in India’s premium consumer durables sector.