LG Electronics India IPO sets price band at ₹1080 to ₹1140 per share: Here's a look at lot size, objectives, key dates and more

LG Electronics India IPO: LG Electronics India Ltd, the Indian subsidiary of South Korean conglomerate LG, has set a price band of ₹1,080 to ₹1,140 per share. The issue will be open for subscription from October 7 to October 9.

The initial share sale is an offer for sale of 101,815,859 shares worth ₹11,607 crore by promoter LG Electronics Inc. There is no fresh issue component, so the company will not get any IPO proceeds.

LG Electronics India IPO: Lot size

A lot consists of 13 shares and in multiples thereafter. The company has kept aside half of the offer for qualified institutional buyers, 15% for non-institutional buyers and 35% for retail investors.

LG Electronics India IPO timeline: Allotment and listing dates

Notably, this is the second South Korean firm to hit the Indian stock market after the listing of Hyundai Motors India Limited in October last year.

LG Electronics India Ltd had filed its draft red herring prospectus (DRHP) with market regulator SEBI in December. The company secured the regulator's nod for the public offering in March.

Notably, this is the second South Korean firm to hit the Indian stock market after the listing of Hyundai Motors India Limited in October last year.

About LG Electronics India

LG Electronics India Ltd had filed its draft red herring prospectus (DRHP) with market regulator SEBI in December. The company secured the regulator's nod for the public offering in March.

LG Electronics India is a key player in major home appliances and consumer electronics. Its products are sold to both business-to-customer and business-to-business customers in domestic and international markets. It also provides repair, installation, and maintenance services for all its products.

The company manufactures and sells products, including refrigerators, LED TV panels, washing machines, inverter air conditioners, and microwaves. It has manufacturing facilities at Uttar Pradesh's Noida and Maharashtra's Pune.

LG Electronics India's revenue from operations was ₹24,366.63 crore, and net profit was ₹2,203.34 for the financial year ended March 31, 2025.

Morgan Stanley India, Axis Capital, BofA Securities India, JP Morgan India, and Citigroup Global Markets India are the book-running lead managers for the IPO. KFin Technologies serves as the registrar.