LG Electronics IPO Opens at ₹1,080–₹1,140; Analysts Recommend ‘Subscribe’

New Delhi, Oct. 7 — LG Electronics IPO opened today, marking the second South Korean company to enter the Indian primary market after Hyundai India. The issue, which will remain open until Oct. 9, aims to raise ₹11,607.01 crore through a complete offer for sale (OFS). Shares are priced in the range of ₹1,080 to ₹1,140 per equity share and will be listed on both the BSE and NSE.

According to market observers, LG Electronics IPO shares are trading at a premium of ₹318 in the grey market — up from ₹250 on Monday. The ₹68 increase reflects improving investor sentiment amid a broader recovery in the Indian stock market.

IPO details

The public issue comprises only an OFS component, allowing existing shareholders to offload their holdings. Investors can bid for shares in lots of 13. The LG Electronics IPO allotment is expected to take place on Oct. 10, with the listing likely on Oct. 14. KFin Technologies Ltd is the registrar for the issue, while Morgan Stanley India, J.P. Morgan India, Axis Capital, BofA Securities, and Citigroup Global Markets India are the book-running lead managers.

At the upper end of the price band, the company’s market capitalization is estimated at ₹77,380.05 crore. As of March 31, 2025, LG Electronics reported a profit after tax (PAT) margin of 8.95% and an EBITDA margin of 12.75%. The company has recorded consistent growth in both revenue and profitability over the past three fiscal years.

Analysts’ views

Brokerages and investment analysts have largely assigned a “subscribe” rating to the LG Electronics IPO.

“LG Electronics India Limited exhibits market dominance and exceptional financial efficiency,” said Anshul Jain, Head of Research at Lakshmishree Investment. “With leadership across key appliance categories and sustained revenue growth of ₹21,352 crore in FY24, we recommend subscribing for a medium-to-long-term perspective.”

BP Equities echoed similar optimism. “The company has consistently delivered strong profitability and return ratios relative to peers,” the firm said in its note. “At the upper price band of ₹1,140, the issue is valued at a price-to-earnings multiple of 35.1x FY25 earnings. We recommend a ‘subscribe’ rating.”

Other brokerage firms, including ICICI Direct, SBI Capital Securities, Aditya Birla Money, and Ventura Securities, have also advised investors to apply, citing LG Electronics’ robust financials, diversified product portfolio, and strong market position.

Market outlook

Analysts attribute the sharp rise in grey market premium to improving investor sentiment and the company’s solid fundamentals. LG Electronics is India’s leading home appliances and consumer electronics brand, with a wide range of products across segments such as televisions, refrigerators, washing machines, and air conditioners.

The company’s long-standing presence and strong distribution network have helped it capture a significant share in India’s consumer electronics market. Its zero-debt capital structure and steady margins have added to investor confidence.

Market analysts said the IPO reflects growing interest among global consumer brands in the Indian market. The recent listing of Hyundai India and now LG Electronics underscores the country’s attractiveness as a destination for foreign corporations seeking capital and expansion opportunities.

If listed successfully, LG Electronics IPO could further strengthen its position in one of the fastest-growing consumer markets in Asia, while offering investors exposure to a well-established multinational brand with a proven record of performance.

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