LG Electronics India's IPO was listed on the domestic market today. Shares, issued at ₹1,140, opened at ₹1,715 on BSE and ₹1,710 on NSE, meaning investors received a listing gain of over 50%. The IPO was an Offer For Sale, which meant the company did not receive any funds, but rather the investors who sold their shares benefited.
LG Electronics IPO Listing: LG India's IPO began today with a b listing on the domestic stock market. Shares, issued at a price of ₹1,140 each, opened for trading at ₹1,715 on BSE and ₹1,710 on NSE, resulting in a profit of approximately 50% for investors. This IPO was an Offer For Sale, meaning the company did not issue any new shares; instead, existing shareholders sold their shares.
IPO Response and Bidding Record
LG Electronics' IPO received an overwhelming response from investors. Overall, it was subscribed over 54 times. The Qualified Institutional Buyers (QIB) portion was subscribed 166.51 times, the Non-Institutional Investors (NII) portion 22.44 times, the retail investors' portion 3.55 times, and the employees' portion 7.62 times. No new shares were issued under this IPO; instead, 10,18,15,859 shares with a face value of ₹10 were sold under the Offer For Sale window.
The company did not receive any funds through the IPO as it was an Offer For Sale issue. Under this, only the shareholders who sold their shares received the proceeds. The objective of this move was to benefit existing shareholders and promote the trading of shares.
Company's Business Health
LG Electronics India was established in 1997. It operates in the home appliances and consumer electronics sector. The company is active in the manufacturing and sale of products such as mobile phones, refrigerators, washing machines, ACs, and TVs. The company sells its products directly to customers and business partners.
As of March 2025, the company had 2 manufacturing units, 2 central distribution centers, 23 regional distribution centers, and 51 branch offices. Additionally, 30,847 sub-dealers and 1,006 service centers were present across the country. By June 2025, it also had 13,368 engineers and 4 call centers in operation.
Financial Figures
LG Electronics' financial health has consistently remained b. The company's net profit was ₹1,344.93 crore in FY 2023, which increased to ₹1,511.07 crore in FY 2024, and further to ₹2,203.35 crore in FY 2025. During the same period, the company's total income grew at a Compound Annual Growth Rate (CAGR) of over 10% to reach ₹24,630.63 crore.
In the first quarter (April-June 2025) of the current fiscal year 2026, the company achieved a net profit of ₹513.26 crore and a total income of ₹6,337.36 crore. The company's reserves and surplus position also remained b. At the end of FY 2023, it was ₹4,243.12 crore, ₹3,659.12 crore in FY 2024, and reached ₹5,291.40 crore at the end of FY 2025. At the end of the June 2025 quarter, this figure stood at ₹5,805.50 crore.
Company's Future Direction from IPO
Although the company did not opt to raise funds directly through the Offer For Sale IPO, it has strengthened investor confidence and the company's reputation in the market. Furthermore, the listing gain proved attractive for investors, which has further enhanced LG Electronics' brand image in the market.
The company possesses a b supply chain network across the country. It has two advanced manufacturing units in Noida and Pune, and its 25 product warehouses are spread throughout India. This network helps the company deliver products to customers on time and maintain the quality of service.
