LG Electronics India IPO opens today
The company is not issuing any fresh shares in the issue.
The Indian arm of South Korean electronics giant LG Electronics India Limited opened its Initial Public Offering (IPO) for subscription today, October 7. The issue will remain open until October 9.
Retail investors can bid with a minimum investment of ₹14,820, equivalent to one lot at the upper price band.
Issue Details
The IPO involves an offer for sale (OFS) of 10.18 crore shares, valued at around ₹11,607 crore, representing a 15% stake in the company. No new shares are being issued as part of this IPO.
This marks only the second instance of a South Korean company listing in India, following Hyundai Motor India’s IPO and listing last year in October.
Image: Getty
Price Band and Investment Limits
LG Electronics has fixed the price band for the IPO at ₹1,080–₹1,140 per share.
- Minimum Investment: 1 lot = 13 shares = ₹14,820 (at upper price band)
- Maximum Investment: 13 lots = 169 shares = ₹1,92,660 (at upper price band)
The company has allocated 50% of the issue to Qualified Institutional Buyers (QIBs), 35% to retail investors, and 15% to Non-Institutional Investors (NIIs).
LG Electronics India: One of the leaders in consumer electronics segment
LG Electronics India operates in the consumer electronics sector, catering to both B2C (consumer) and B2B (business) segments.
The company’s product range includes washing machines, refrigerators, LED TVs, inverters, air conditioners, and microwaves, manufactured at its Noida and Pune plants.
Established in 1958 in South Korea as GoldStar, LG entered India in January 1997. As of February 2025, it employs over 2,300 people.
For the quarter ended June 2025, LG Electronics India reported revenue of ₹6,337 crore and profit of ₹513 crore.
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Source: www.bhaskarenglish.in