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The LG Electronics India IPO with a face value of Rs 10 per equity share and is entirely an offer for sale up to 10.18 crore equity shares by LG Electronics Inc.
LG Electronics IPO.
LG Electronics IPO: LG Electronics India Ltd, a leading company in major home appliances and consumer electronics (excluding mobile phones), has received market regulator Sebi’s approval. The company had filed its IPO papers with the Securities and Exchange Board of India (Sebi) on December 6, 2024.
Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Axis Capital Limited, BofA Securities India Limited, and Citigroup Global Markets India Private Limited are the book-running lead managers and KFin Technologies Limited is the registrar to the issue.
LG Electronics India IPO Opening Date
The opening date of the IPO has not been announced yet.
LG Electronics India Size & Price
The IPO with a face value of Rs 10 per equity share and is entirely an offer for sale up to 10.18 crore equity shares by LG Electronics Inc.
However, the price band of the IPO will be announced near the IPO launch date, which has not been announced yet.
About LG Electronics India
LG Electronics India, a subsidiary of LG Electronics Inc., was established in 1997 and has maintained its position as the market leader in India’s home appliances and consumer electronics industry for 13 consecutive years (2011–2023) by value market share in the offline channel, according to a Redseer Report mentioned in the DRHP.
When compared to listed industry peers like Havells India Ltd, Voltas Ltd, Whirlpool of India Ltd, and Blue Star Ltd, LG Electronics India achieved the highest revenue from operations and earnings per share (EPS) in fiscal 2024.
Globally, LG Electronics is recognized as the leading single-brand home appliances company by revenue for 2023, as per the Redseer Report. Catering to both B2C and B2B markets within and outside India, the company offers same-day installation, repair, and maintenance services for its products.
With 27 years of experience in India, LG Electronics India has cultivated deep consumer insights, enabling it to meet the unique demands of Indian customers. LG Electronics India boasts the largest distribution network among its peers, covering both urban and rural regions through 36,401 B2C touchpoints. Its after-sales services are facilitated through 949 authorized service centers nationwide, supported by an extensive supplier base of 280 vendors with an average relationship tenure of 11 years as of June 30, 2024.
LG Electronics India’s Financials
For fiscal 2024, the company reported a revenue of ₹21,352 crore, marking an increase from ₹19,868.24 crore in fiscal 2023. Profit after tax rose by 12.35% to ₹1,511.07 crore from ₹1,344.93 crore during the same period. In the three months ending June 30, 2024, revenue was ₹6,408.80 crore, with a profit after tax of ₹679.65 crore.
The company holds a dominant market position across various product categories, including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves. According to the Redseer Report, for the six months ending June 30, 2024, these products commanded a significant share in the offline channel, which represents approximately 80% of the major home appliances and consumer electronics market (excluding mobile phones) in India by value.