LG Electronics India IPO to hit Dalal Street on October 7; what we know so far

LG Electronics India IPO: The initial public offering of consumer electronics major LG Electronics India will open for subscription on October 7. The issue will conclude on October 9.

The bidding for anchor investors will take place on October 6.

The initial share sale is exclusively an offer for sale of 101,815,859 shares by South Korean parent company LG Electronics Inc. There is no fresh issue component.

As it is completely an OFS, the company will not get any IPO proceeds. The money raised will go to selling shareholder.

"Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India," the Indian unit of LG said in its red herring prospectus (RHP).

LG Electronics India IPO: Price band and lot size

The price band and lot size are yet to be announced by LG Electronics India.

The company has reserved 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for non-institutional investors (NIIs).

LG Electronics India IPO timeline: Allotment and listing dates

Axis Capital Ltd, Citigroup Global Markets India, Morgan Stanley India Company, JP Morgan India and BofA Securities India are the offer's book-running lead managers, while KFin Technologies is the registrar.

About LG Electronics India

In its RHP, LG Electronics India said that it is the number one player in major home appliances and consumer electronics (except mobile phones) in India for the six months ended June 2025, CY2024, CY2023 and CY2022 according to the market share (in terms of value) in the offline channel, as per the Redseer Report.

It is also a market leader across multiple product categories, including refrigerators, washing machines, panel televisions, microwaves and inverter air conditioners.