Overview
LG Electronics India, a leading consumer durables and electronics company, is preparing for its initial public offering (IPO). The company had earlier filed its draft papers and even received approval, but market conditions led to a delay. Now, the IPO is expected to move forward soon, making it one of the largest listings in India.
Quick Summary
- IPO Size: Around ₹15,000 crore
- Type: Offer for Sale (OFS)
- Parent Stake Sale: 15%
- Current Status: Approved by SEBI, launch delayed but expected later in 2025
- Focus: Strong financials, wide distribution, and new investments in manufacturing
IPO Structure
- Type of Issue: Offer for Sale (OFS) – no fresh shares will be issued
- Shares on Offer: Around 10.18 crore equity shares
- Stake Dilution: About 15% of the company’s equity
- Estimated Issue Size: Nearly ₹15,000 crore (approx. USD 1.7–1.8 billion)
- Selling Shareholder: LG Electronics Inc. (South Korea), the parent company
Status and Timeline
- SEBI Approval: Received in March 2025
- Delay: IPO was paused due to volatile markets and valuation concerns in April 2025
- Refiling of Papers: Expected by July–August 2025
- Likely Launch Window: September–November 2025 (depending on market conditions)
Financial Highlights
- Q1 FY25 (Apr–Jun 2024) Revenue: ₹6,796 crore
- Q1 Net Profit: ₹680 crore
- FY24 Revenue: ₹21,352 crore (growth of 7.5% year-on-year)
- FY24 Net Profit: ₹1,511 crore
- Return on Capital Employed: 45.3%
- Return on Net Worth: 40.45%
- Cash & Cash Equivalents (June 2024): ₹3,606 crore
Business Strengths
- Wide presence in consumer electronics and home appliances in India
- Network of 949 service centers with over 12,000 engineers
- Strong cash reserves and steady profit growth
- Expansion in progress with a ₹5,100 crore manufacturing plant in Andhra Pradesh, expected to create thousands of jobs
Key Points to Watch
- Price Band & Issue Dates: Yet to be announced
- Market Conditions: Listing will depend on stability and valuation
- Investor Demand: Expected to be one of the largest IPOs in 2025
For allotment status go to https://ipostatus.kfintech.com/ or https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
