Lg Electronics IPO 2025 : South Korean Giant's Big India Listing

LG Electronics India Ltd - Company Background

LG Electronics India Ltd, is a subsidiary of LG Electronics of South Korea, one of the world’s biggest consumer goods conglomerates. In India, the company sells its products on a B2B and B2C platform. It is essentially into home appliances, air solutions and home entertainment products. LG Electronics India Ltd operates 2 manufacturing units in India and sells through over 30,487 sub-dealers across India. It also offers efficient and effective after-sales service. The company has been a highly profitable business in India.

The IPO is entirely an offer for sale (OFS) by the South Korean parent company, LG Electronics Inc. The IPO will be lead-managed by Morgan Stanley, JP Morgan India, Axis Capital, BOFA Securities, and Citigroup Global; while KFIN Technologies Ltd (KFINTECH) will be the registrar. The company is headquartered at New Delhi. Since this is an offer for sale, there will be no fresh infusion of funds into the company. The change in ownership will help to bring more public holding into LG Electronics India Ltd.

Highlights of the IPO Issue

Here are the key highlights of the public issue of LG Electronics India Ltd.

• The IPO of will be open from October 07th, 2025 to October 09th, 2025. It has a face value of ₹10 per share and IPO price band is set in range of ₹1,080 to ₹1,140 per share.

• The IPO of LG Electronics India Ltd will be entirely an offer for sale (OFS) by the South Korean parent company, with no fresh issue component to the IPO.

• The OFS of the IPO comprises the sale of 10,18,15,859 shares (1,018.16 lakh shares), which at the upper price band of ₹1,140 per share translates into ₹11,607.01 crore.

• Since there is no fresh issue, the OFS size will also be the overall IPO size. Hence, the overall IPO will also comprise of the offer for sale (OFS) of 10,18,15,859 shares (1,018.16 lakh shares) worth ₹11,607.01 crore at the upper band price of ₹1,140 per share.

The IPO of LG Electronics India Ltd will be listed on the NSE and the BSE on the IPO mainboard.

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of LG Electronics India Ltd

Data Source: Company RHP

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).

The table below captures the gist of the allocation to various categories.

Data Source: Security Parameters Filing (NSE)

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of LG Electronics India Ltd for various categories of investors.

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 13 shares)

Financial Highlights

The table captures the key financials of LG Electronics India Ltd for last 3 financial years.

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)

Despite its size, the company has shown steady growth in top line and in bottom line over the last 3 years. Also, its ROE is quite impressive at close to 40%. Being an OFS, the ROE is unlikely to be impacted by the current IPO.

Valuation Metrics

At the current issue price of ₹1,140 per share, the valuation of the company is at a P/E ratio of 35.1X in terms of latest year EPS of ₹32.46. The company has also adopted a rather asset-light model for their business as a result of which the profitability ratios continue to be robust. This includes the ROE and the ROA of the company.

In addition, LG Electronics India Ltd also brings some strong intangibles to the table. It has held the Number 1 spot in India for most of these products and manages to successfully sell through physical and digital channels. Over time, India is also likely to emerge as a major port of call for global manufacturing, which is already happening. Globally, the LG brand is synonymous with leadership in consumer electronics. Investors can look at the IPO closely purely from the pedigree point of view.

A Brief on the Anchor Allocation

The anchor issue of LG Electronics India Ltd saw a very strong response on 06th October 2025 with 29.94% of the IPO size absorbed by anchors. Out of 10,18,15,859 shares (1,018.16 lakh shares) on offer, anchors picked up 3,04,81,539 shares (304.82 lakh shares) accounting for 29.94 of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹1,140 per share. This includes the face value of ₹10 per share plus a share premium of ₹1,130 per share. The anchor bidding process opened and closed on 06th October 2025.

Key Points to Note in the Anchor Allocation Process

Here are the key details pertaining to the anchor bidding of LG Electronics India Ltd

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.

Anchor Allocation Investors

On 06th October 2025, LG Electronics India Ltd allotted 3,04,81,539 shares to 149 anchor investors. The allocation was done at the upper IPO price band of ₹1,140 per share which resulted in overall anchor allocation of ₹3,474.90 crore. The anchors have already absorbed 29.94% of the total issue size of ₹11,607.01 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹1,110.14 crores, or, 31.95% of anchor allocation.

Data Source: BSE Filings (Value Allocated in ₹ in Crore)

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20251006-67&attachedId=5f9f25f8-36cc-4d32-9ec8-37a9ef3e13f9

Out of the 3,04,81,539 shares allocated to the anchors in the IPO, there were a total of 1,48,93,492 shares allocated to mutual funds registered with SEBI. The allocation was made to 84 mutual fund schemes across 26 AMCs. Mutual funds accounted for 48.90% of the total anchor allocation of the IPO. Global FPIs, sovereign funds, and insurance companies were very active in participating in the anchor allocation of LG Electronics India Ltd.

Next Steps

Post the closure of the IPO subscription on 09th October 2025, the basis of allotment will be finalized on 10th October 2025 and the refunds will be initiated on 13th October 2025. In addition, the demat credits are expected to also happen on 13th October 2025 and the stock will list on 14th October 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 13th October 2025 under ISIN (INE324D01010).

IPO Subscription Status On Day-1

As of 5.45 pm on 07th October 2025, out of the 713.34 lakh shares on offer in the IPO (excluding anchor portion), LG Electronics India Ltd saw bids for 744.98 lakh shares. This implies an overall subscription of 1.04X at a macro level. The granular break-up of subscriptions as of the close of Day-1 of the IPO of LG Electronics India Ltd was as under:

The subscriptions were led by the HNI / NII Investors followed by the Retail investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company had a strong anchor portion response a day ahead of the opening of the IPO. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-1 of the IPO)

The IPO is open up to October 09, 2025, at which point we will know the final subscription status of the IPO.

Next Steps in the IPO

Post the closure of the IPO subscription on 09th October 2025, the basis of allotment will be finalized on 10th October 2025 and the refunds will be initiated on 13th October 2025. In addition, the demat credits are expected to also happen on 13th October 2025 and the stock will list on 14th October 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 13th October 2025 under ISIN (INE324D01010).

IPO Subscription Status On Day-2

As of 5.45 pm on 08th October 2025, out of the 713.34 lakh shares on offer in the IPO (excluding anchor portion), LG Electronics India Ltd saw bids for 2,371.76 lakh shares. This implies an overall subscription of 3.32X at a macro level. The granular break-up of subscriptions as of the close of Day-2 of the IPO of LG Electronics India Ltd was as under:

The subscriptions were led by the HNI / NII Investors followed by the QIB investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company had a strong anchor portion response a day ahead of the opening of the IPO. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-2 of the IPO)

The IPO is open up to October 09, 2025, at which point we will know the final subscription status of the IPO.

Next Steps in the IPO

Post the closure of the IPO subscription on 09th October 2025, the basis of allotment will be finalized on 10th October 2025 and the refunds will be initiated on 13th October 2025. In addition, the demat credits are expected to also happen on 13th October 2025 and the stock will list on 14th October 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 13th October 2025 under ISIN (INE324D01010).

IPO Subscription Status On Day-3

As of 7.15 pm on 09th October 2025, out of the 713.34 lakh shares on offer in the IPO (excluding anchor portion), LG Electronics India Ltd saw bids for 38,534.64 lakh shares. This implies an overall subscription of 54.02X at a macro level. The granular break-up of subscriptions as of the close of Day-3 of the IPO of LG Electronics India Ltd was as under:

The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that was the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company had a strong anchor portion response a day ahead of the opening of the IPO. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-3 of the IPO)

The IPO of LG Electronics India Ltd Ltd was open up to October 09, 2025, and has closed for subscription as of the close of trading hours on October 09, 2025. The table above captures the final subscription status of the LG Electronics India Ltd IPO as at 7.00 PM on October 09, 2025; the final cut-off time for deciding on the subscription. The above table, therefore, is the full and final subscription status of the IPO of LG Electronics India Ltd.

About the LG Electronics India Ltd

The IPO of LG Electronics India Ltd opened on October 07th, 2025 and closed on October 09th, 2025. The IPO comprised entirely of an offer for sale (OFS) of 10,18,15,859 shares (1,018.16 lakh shares) worth ₹11,607.01 crore at the upper band price of ₹1,140 per share. The allotment status will be finalized by EOD of October 10, 2025. Here is how to check allotment status for the IPO of LG Electronics India Ltd. You can check IPO status on BSE or NSE or IPO Registrar website, KFIN Technologies Ltd (KFINTECH).

Checking The Allotment Status of IPO on BSE Website

This is a common link for all mainboard IPOs. Click on BSE link for IPO allotment as below.

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option

• Under Issue Name – Select LG Electronics India Ltd from the drop-down box

• Enter the Application Number / CAF exactly as in the acknowledgement slip

• Alternatively, Enter your PAN (10-digit alphanumeric) number

• Once this is done, you need to click on the Captcha to verify you are not a robot

• Finally click on the Search Button

You can use either of the parameters to query; Application / CAF number or Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of LG Electronics India Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.

Checking The Allotment Status of IPO on NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity & SME IPO Details Option

• Under SELECT SYMBOL – Select LGEINDIA from the drop-down box

• Enter the Application Number / CAF exactly as in the acknowledgement slip

• Enter your PAN (10-digit alphanumeric) number

• Once both are entered, click on the Submit Button

You must input the Application / CAF number and the Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of LG Electronics India Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.

Checking Allotment Status of IPO on KFIN Technologies Ltd

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:

https://kosmic.kfintech.com/ipostatus/

KFIN Technologies Ltd provides details of IPOs managed by them and where allotment status is finalized. Radio buttons allow you to opt to see all IPOs or just recent IPOs. The latter option reduces the list of IPOs to search. Once you click on Recent IPOs, dropdown shows recent active IPOs, where allotment status is finalized. Select LG Electronics India Ltd.

THERE ARE 3 WAYS TO QUERY ALLOTMENT STATUS ON KFIN TECHNOLOGIES LTD

To Query by Application Number, check the appropriate box and follow these steps.

• Enter the Application Number as it is

• Enter the 6-digit Captcha Code

• Click on Submit button

• Allotment Status gets displayed on screen

Unlike in the past, now you do not have to select ASBA versus Non-ASBA option.

To Query by Demat Account, check the appropriate box and follow these steps.

• First select the depository (NSDL / CDSL)

• Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)

• Enter the Client-ID in the second box

• For NSDL, the Demat account is 2 strings; for CDSL it is just 1 string

• Enter the 6-digit Captcha Code

• Click on Submit button

• Allotment Status gets displayed on screen

To Query by PAN, check the appropriate box and follow these steps.

• Enter the 10-Character PAN number, available on your PAN card

• After you enter the PAN number, Enter the 6-digit numeric Captcha Code

• Click on Submit button

• Allotment status gets displayed on screen

If captcha code is not clear; toggle for more options. Retain a screenshot of the allotment status output for future reference. This can be tallied with demat credit post allotment.

Robust Listing For LG Electronics India Ltd

LG Electronics India Ltd had a robust listing on 14th October 2025. On the NSE, the stock of LG Electronics India Ltd listed at ₹1,710.10, a smart premium of 50.01% to the IPO issue price of ₹1,140 per share. The issue was subscribed just 54.02 times overall at the close of the IPO, so opening sentiments being robust was along expected lines. Had market sentiments been stronger, even the post listing performance could have been better.

On the BSE also, the listing of LG Electronics India Ltd was at a robust premium. Against the issue price of ₹1,140 per share, the stock listed at ₹1,715, a premium of 50.44% to the issue price. The stock of LG Electronics India Ltd is on T+1 rolling settlement system.

How The Stock of LG Electronics India Ltd Moved During the Day?

After opening sharply higher at ₹1,710.10 per share on the NSE, the stock traded above the listing price for a better part of the day, but faced pressure at the end. During the day, the stock of LG Electronics India Ltd touched a high of ₹1,749 and an intraday low of ₹1,650. On the NSE, the upper circuit band of the stock is set at ₹1,881.10 while the lower circuit band is set at ₹1,539.10 per share. Effectively, the stock remained in a broad range.

What about the BSE? After opening sharply higher at ₹1,715 per share on the BSE, the stock hovered in a broad range. During the day, the stock of LG Electronics India Ltd touched a high of ₹1,736.40 and an intraday low of ₹1,650.05. On the BSE, the upper circuit band of the stock is set at ₹1,886.50 while the lower circuit band is set at ₹1,543.50 per share. Even on BSE, the stock remained in a range, came under pressure later in the trading day.

How Did the Stock of LG Electronics India Ltd Close on Listing Day?

Here is how the stock of LG Electronics India Ltd closed on the NSE. The closing price of ₹1,682.80 per share is at a premium of 47.61% to the IPO issue price but at a discount of -1.60% to the listing price of ₹1,710.10 per share on the NSE. The company had a market cap of ₹1,14,224 crore at close. During the day, the stock of LG Electronics India Ltd traded 687.94 lakh shares on the NSE, with total traded value of ₹11,651 crore. Deliveries were 61.75% of the total volumes on NSE.

Here is how the stock of LG Electronics India Ltd closed on the BSE. The closing price of ₹1,689.40 per share is at a premium of 48.19% to the IPO issue price but at a discount of -1.49% to the listing price of ͭ₹1,715 on the BSE. The company had a market cap of ₹1,14,672 crore as of close. During the day, the stock of LG Electronics India Ltd traded 78.56 lakh shares on the BSE, having a total traded value of ₹1,332.92 crore. Deliveries were 68.43% on the BSE.

The stock trades under the codes: NSE (LGEINDIA), BSE (544576), ISIN (INE324D01010).