Key Highlights :
LG Electronics India to issue its IPO in October 2025, for ₹15,000 crore through a 15% stake sale.
The IPO, which is all an Offer for Sale, will be India’s biggest public issue this year.
Key Background :
LG Electronics had earlier scheduled April–May 2025 for listing the IPO of its Indian arm, but changing global dynamics prompted the company to postpone its market listing. Rising trade tensions, fluctuations in global equities, shifts in US tariff policy, and geopolitical tensions dampened investor mood. These sentiments also impacted the company’s valuation potential, and from the early estimate of close to $15 billion, it was subsequently moderated to the $10.5–11.5 billion range. By delaying the IPO, LG Electronics scheduled its issue to a more convenient environment and bolstered its attractiveness to investors.
Previously, LG had submitted its initial IPO papers to the regulators in December 2024. SEBI cleared it in March 2025, opening the door to listing on the public exchange. The structure of the issue has been made as a total Offer for Sale (OFS) in which the parent company is offering approximately 10.2 crore shares, i.e., a 15% holding in LG Electronics India. Despite dilution, the parent company will still maintain a controlling 85% stake in the firm on listing.
The issue will open in the second week of October 2025 and trade on the stock exchanges by the third week of the month. Prior to the issue, LG will make roadshows available to prospective investors from early October. By adopting this schedule with caution, the company seeks to catch the momentum of favorable domestic market conditions, which are experiencing increased activity in the primary market.
In order to handle this big-ticket issue, LG has tied up with the world’s best financial institutions. Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India have been selected as the lead managers. With their expertise and far-reaching investor base, domestic and foreign subscription to the issue is likely to be guided by them.
The IPO later in the year also captures the overall momentum in Indian equity markets. To date in 2025, a total of close to 50 companies have already raised over ₹70,000 crore via public issues. A similar amount is likely to be raised via upcoming listings by high-growth companies from various sectors. In this case, LG’s issue will be fascinating not just because of the size but also because of the legendary brand history behind the company, which should generate great institutional and retail interest.
Since its entry in India in 1997, LG Electronics has become one of the most reliable names in the consumer durables space. The company has held the number one position in offline market share for 13 years and keeps growing in urban and rural markets. The revenue of LG Electronics India was ₹21,352 crore in FY24, increasing 7.5% yoy. Net profit was ₹1,511 crore, a growth of 12.3% over last year, and operating profit at ₹2,225 crore with a good margin of 10.4%. These are healthy books that show the strength of LG and are a good foundation for its future market launch.
About the Author
Abhishek Roy
Abhishek Roy is a Managing Editor at Business Minds Media India.