South Korea’s LG Electronics India, a major player in the consumer electronics and home appliances space, is set to debut on the stock market on October 7. Competing with brands like Voltas, Havells India, Whirlpool, and Blue Star, the company will launch its initial public offering (IPO) through an offer-for-sale (OFS) of 10.18 crore equity shares by its parent company, LG Electronics Inc, with no fresh issue, meaning the firm itself won’t receive any capital from the offering.
The price band is set at ₹1,080–₹1,140 per share, and at the upper limit, the company’s post-issue market capitalization would be around ₹77,380 crore, implying a 35x FY25 trailing P/E, more reasonably valued compared to peers like Havells (63x) and Blue Star (66x), according to Emkay Global.
India’s consumer electronics market is expected to grow significantly—from ₹6,875 billion (H1 CY25) to ₹10,965 billion by CY29. LG aims to tap into this growth with a strong brand, extensive network of 35,640 B2C touchpoints, and products tailored to Indian consumers across price segments, especially targeting premium and underrepresented categories.
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