About
LG Electronics India, established in 1997, is a subsidiary of South Korean multinational LG Corporation. The company manufactures and distributes home appliances and consumer electronics in India, offering products such as refrigerators, washing machines, air conditioners, televisions, and microwave ovens. It operates across two business segments: Home Appliances and Air Solutions, and Home Entertainment.
The company has two manufacturing facilities located in Noida and Pune, with local manufacturing accounting for approximately 97–98% of its product output. Its distribution and service network includes 25 warehouses (comprising central and regional distribution centres), 949 service centres, and 12,590 service engineers. LG Electronics India is supported by 31,291 sub-dealers and had over 36,000 B2C touchpoints as of June 30, 2024.
Serving both B2C and B2B customers in India and international markets, the company’s business is backed by a network of 472 B2B trade partners. LG Electronics India benefits from its parent company’s global supply chain, R&D, and brand recognition while maintaining a strong local presence. Its operations are aimed at providing installation, repair, and maintenance services, along with sales, through a wide-reaching service infrastructure.
IPO schedule
| Issue open date | 2025-10-07 |
|---|---|
| Issue close date | 2025-10-09 |
| UPI mandate deadline | 2025-10-09 (5 PM) |
| Allotment finalization | 2025-10-10 |
| Refund initiation | 2025-10-13 |
| Share credit | 2025-10-13 |
| Listing date | 2025-10-14 |
| Mandate end date | 2025-10-24 |
| Lock-in end date for anchor investors (50%) | 2025-11-09 |
| Lock-in end date for anchor investors (remaining) | 2026-01-08 |
Financials
| Financial Year Ended | March 2024 | March 2025 | June 2025 |
|---|---|---|---|
| Total Assets | 8498.44 | 11517.15 | 11516.44 |
| Revenue | 21557.12 | 24630.63 | 6337.36 |
| Profit After Tax | 1511.07 | 2203.35 | 513.26 |
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | â‚ąTBA |
| Offer for Sale | â‚ąTBA |
Strengths
- Strong global backing from LG Electronics, leveraging global resources and technology
- Market leader position with #1 ranking for 13 consecutive years in major appliances
- Comprehensive pan-India distribution and after-sales service network
- High brand loyalty driven by quality products and strong customer satisfaction
- “G-local” strategy ensuring products are adapted to local preferences
- Strong manufacturing capabilities with 97-98% local production
- Capital-efficient business model with consistent profitability
- Industry pioneer - first to launch inverter air conditioners in India (2014)
Risks
- Intense competition from Samsung, Sony, Haier, and emerging retail chain brands
- Heavy dependence on parent company LG Electronics for business support
- Manufacturing dependency on Noida and Pune facilities
- Potential intellectual property disputes and legal challenges
- Supply chain disruptions from natural disasters or global crises
- Market saturation in urban areas limiting growth potential
- Need for constant innovation due to rapid technological changes
- Currency volatility and regulatory changes impacting operations
Allotment Status for LG electronics
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