The Company is India’s No. 1 player in major home appliances and consumer electronics (excluding mobile phones) by value market share in the offline channel for the six months ended June 30, 2025, and calendar years 2024, 2023, and 2022 (Redseer Report). It leads key categories such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves, and has pioneered innovations like inverter ACs (100% transition by 2017) and stainless-steel water purifier tanks, while maintaining leadership in energy-efficient, BEE 5-star rated products.
LG Electronics India Limited IPO
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LG Electronics India Private Limited is a leading player in the home appliances and consumer electronics industry in India, excluding mobile phones. Incorporated in 1997 as a wholly owned subsidiary of LG Electronics, the Company benefits significantly from its strong global parentage, technological innovation, and trusted “LG” brand, which is listed among Interbrand’s Top 100 Best Global Brands (2024).
Market Leadership
Extensive Product Portfolio
Offers one of the widest product ranges among leading home appliances and consumer electronics players in India, catering to both B2C and B2B customers. It Provides installation, repair, and maintenance services for all products, supported by a strong after-sales network.
Company’s Operations are organized into two segments:
1. Home Appliances and Air Solution
2. Home Entertainment
Pan-India Distribution & Service Network
The Company operates the largest distribution network among peers, with 35,640 B2C touchpoints and 463 B2B trade partners as of June 30, 2025, nearly half of whom have been associated for over a decade. It also runs one of India’s largest after-sales service networks, comprising 1,006 service centers, 13,368 engineers, and 4 call centers, offering same-day installations and supported by extensive promotional campaigns and sales promoters to drive customer engagement and brand visibility.
Manufacturing & Supply Chain Strength
The Company operates two advanced manufacturing units in Noida and Pune with an installed capacity of 14.51 million products (FY 2025), producing key components like compressors and motors for better quality, cost efficiency, and faster delivery. It is investing ₹50.01 billion to set up a third unit in Andhra Pradesh, expected by FY 2027, while maintaining a highly localized supply chain (54% domestic sourcing as of June 2025) and a nationwide logistics network of 25 warehouses, enabling faster deliveries and optimized costs.
Technology & Innovation Leadership
Leverages 28 years of experience in India and global R&D from LG Electronics to design products tailored for Indian consumers. It focuses on energy efficiency and inclusive design — including braille remotes for visually impaired users. Recognized by the Redseer Report as a pioneer of innovative technology in India’s home appliances and consumer electronics market.
Objects of the LG Electronics India Limited IPO:
The Company will not receive any proceeds from the Offer. All proceeds, after deducting Offer-related expenses and applicable taxes, will be received by the Selling Shareholder.
LG Electronics India Limited IPO Details:
| Open Date: | Oct 07 2025 |
| Close Date: | Oct 09 2025 |
| Total Shares: | 101,815,859 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 11,607.01 Cr. |
| Lot Size: | 13 Shares |
| Issue Price: | ₹ 1080-1140 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Oct 14 2025 |
Promoters And Management:
1. Hong Ju Jeon serves as the Managing Director of the Company and has been associated with it since December 22, 2022. He holds a master’s degree in business administration (Global Management) from the Thunderbird School of Global Management, Glendale, Arizona, United States. He is responsible for directing sales strategies, operational planning, and initiatives to support overall business objectives and strengthen the Company’s dealer network. He has been associated with the LG Group since October 4, 1994.
2. Dongmyung Seo serves as the Whole-time Director and Chief Financial Officer (CFO) of the Company and has been associated with it since December 31, 2021. He holds a master’s degree in business administration from the Seoul School of Integrated Sciences & Technologies, Seoul, Korea. He is responsible for managing all financial activities and accounting operations and oversees every aspect of the Company’s finances, including the preparation of financial reports. He has been associated with the LG Group since December 19, 1994.
3. Daehyun Song serves as the Chairman and Non-executive Director of the Company and has been associated with it since November 18, 2024. He holds a bachelor’s degree in science (Mechanical Design) from Pusan National University, Busan, Korea. He is responsible for leading the Board, ensuring effective governance practices, and facilitating communication between the Board, stakeholders, management, and advisors. He has been associated with the LG Group since November 28, 1983.
Financials of LG Electronics India Limited IPO:
| Particulars (Cr) | 3M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations | 6262.9 | 21366.6 | 21352 | 19868.2 |
| EBITDA | 716.2 | 3110 | 2224.8 | 1895.1 |
| EBITDA Margins | 11.44% | 12.76% | 10.42% | 9.54% |
| PAT | 513.2 | 2203.3 | 1511 | 1344.9 |
| PAT Margins | 8.10% | 8.95% | 7.01% | 6.69% |
| ROCE | 9.10% | 42.91% | 45.31% | 34.38% |
| Debt to Equity Ratio(In Times) | 0.07 | 0.07 | 0.1 | 0.07 |
| Operating Cash Flows | 941.8 | 1653.8 | 1665.4 | 1870.8 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| L.G Electronics | 21366.6 | 12.76% | 8.95% | 42.91% | 0.07 | 77,380.05 | 35.12 |
| Havells | 21778 | 10.00% | 6.75% | 25.30% | 0.04 | 92806 | 65.7 |
| Voltas | 15413 | 6.00% | 5.41% | 17.60% | 0.14 | 44588 | 68.8 |
| Whirlpool | 7421 | 6% | 4.20% | 12.70% | 0.08 | 14885 | 48.1 |
| Blue Star | 11968 | 7% | 4.93% | 0.07 | 0.12 | 38422 | 72 |
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