LG India IPO Band Set at ₹1,080–1,140
LG Electronics India has fixed its initial public offering (IPO) price band at ₹1,080 to ₹1,140 per share. The offer will consist entirely of an Offer for Sale (OFS) of 10.18 crore shares, with no fresh issuance of equity.
Issue Size and Valuation
If fully subscribed at the upper band, LG aims to raise about ₹11,607 crore. This pricing pegs the company’s valuation at roughly ₹77,500 crore (around $8.7 billion).
Timing and Allocation Details
The IPO is scheduled to open from October 7 to October 9, with allotment to be finalized on October 10 and listing on the BSE and NSE expected by October 14. The minimum lot size is 13 equity shares. The offering reserves shares across Qualified Institutional Buyers (QIBs), Non-Institutional Investors, and Retail Investors under regulatory norms.
Stake Sale and Promoter Holding
The shares offered are being sold by the parent company, LG Electronics Inc., which will reduce its stake in the Indian unit to about 85% post-IPO. The IPO is not expected to bring fresh capital into the Indian business.
Market Context and Expectations
LG Electronics India competes in a market with players like Whirlpool, Samsung, and Havells. The company has been among the top names in home appliances and electronics in India. Momentum in consumer durable demand and investor interest in large IPOs make this a highly anticipated issue in 2025.
