LG Electronics India IPO: Should you apply?

Summary: LG Electronics India, an established consumer electronics brand, is set to open its IPO on October 7, 2025. Despite being a household name, the company faces threats from up-and-coming players. Let’s analyse its strengths, weaknesses and past financials to help you decide if LG Electronics India is worth subscribing to. The LG Electronics India IPO (initial public offering) will open for subscription on October 7, 2025 and close on October 9, 2025. The consumer electronics brand aims to raise Rs 11,607 crore entirely through an offer for sale (OFS). Below is a summary of the company’s business, financials, strengths, risks and valuation to help you make an informed investing decision. What the company does LG Electronics India, a wholly owned subsidiary of LG Electronics since 1997, is the market leader in India’s home appliances and consumer electronics space (excluding mobile phones). It dominates key categories such as washing machines, refrigerators, TVs, air conditioners and microwaves. Backed by its global parent’s strong brand and R&D, LG has been at the forefront of innovation, introducing inverter ACs and stainless-steel water purifier tanks ahead of its peers. The company’s wide product portfolio, deep consumer understanding and focus on quality have made it one of India’s most trusted appliance brands. Track record and valuation In terms of numbers, LG Electronics India has seen modest growth in its revenue, increasing by nearly 11 per cent from FY23 to FY25. However, its earnings before interest and tax (EBIT) surged by nearly 31 per cent during the same period. The company also experienced a steady rise in its net income (profit after tax), growing at a rate of 28 per cent over the three-year period. At the upper end of the price band (Rs 1,140), the stock is expected to be valued at 38 times its TTM (trailing twelve months) earnings and 12 times its book value. In comparison, LG Electronics India’s peers trade at a P/E of almost 68 times and a P/B of 8.3 times. LG Electronics India IPO details Total IPO size (Rs cr) 11,607 Offer for sale (Rs cr) 11,607 Fresh issue (Rs cr) - Price band (Rs) 1,080-1,140 Subscription dates October 7-9, 2025 Purpose of issue Offer for sale (OFS) Post-IPO M-cap (Rs cr) 77,380 Net worth (Rs cr) 5,970 Promoter holding (%) 85 Pric