LG Electronics Share Price Highlights: LG shares end 48% higher over IPO price; analysts remain bullish

LG Electronics India share price settled at ₹1689.40 on the BSE, up 48.19% from the IPO price. Meanwhile, it ended at ₹1,682.80 on the NSE, higher by 47.61%.

LG Electronics share price looked set to recoup earlier losses and reclaim the listing price towards the fag-end of the stock market trading session. The stock listed earlier today at 50% premium.

We initiate coverage on LG Electronics India (LG) with a BUY and a target price (TP) of ₹2,050 (80% upside), at 50x Sep-27E PER (at a 10% premium to Havells), said Emkay Global.

LG has, over the last three decades, built a formidable franchise, which leads in key large appliance categories with premium positioning, leveraging its global R&D strength, brand power, and superior execution, it added.

“Following the parent’s ‘Global South’ strategy (announced in Jul-25; link) of driving global growth, India (the largest appliance market for the parent outside the US and Korea) is expected to play an important role and contribute one-third of global growth over 5 years. With expansion into mass-premium categories (refer to LG Korea’s 1QCY25 earnings call; link), a higher focus on B2B (HVAC, information displays, etc.), and rising exports, India is set to emerge as a key exports hub with the start of the third plant in FY27E and localized, innovation-led launches,” said the brokerage.

This, amid signs of demand revival, is set to accelerate LG’s growth, with a 13% revenue CAGR over FY26E–28E translating into 14% EPS CAGR, robust average RoE/RoCE of ~32%/44%, coupled with net cash of ₹37 bn in FY25 (~ ₹50 bn in FY28E), FCFE yield (basis sales) of 7.6% by FY28E, and an average dividend payout of 65% (FY27E–28E), it opined.

Key risks: Continued industry-wide demand slowdown, rise in competition.

LG Electronics India Limited made a stellar debut on the stock market with a strong listing gain of around 50% over its issue price of ₹1,140, getting listed at approximately ₹1,710. The IPO was among the most awaited and heavily subscribed issues of 2025, drawing massive investor participation with an overall subscription of over 54 times. The company garnered strong interest from marquee global institutional investors, including sovereign wealth funds and large asset managers. LG Electronics India is a leading player in the consumer durables and home appliances segment, offering a wide range of products including televisions, refrigerators, washing machines, air conditioners, and smart home solutions. In FY25, the company reported healthy growth with revenue up by around 14% and profits surging nearly 46% year-on-year, reflecting strong operational efficiency and demand momentum. Given the sharp listing premium, investors are advised to book partial profits to secure gains while retaining the remaining portion for potential long-term appreciation. A stop-loss near ₹1,400 is recommended to safeguard against market volatility.

— Views by Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

PL Capital estimates revenue/EBITDA/PAT CAGR of 9.9% / 10.9% / 9.3% over FY25–28E led by:

1. healthy revenue growth across segments,

2. capacity expansion plans,

3. expansion of AMC & B2B businesses, and

4. focus on local RM sourcing.

LG Electronics IPO stocks listed on the Indian stock market at a bumper premium of 50% of the issue price. LG Electronics India IPO share market listing was superior to the grey market expectations, which had anticipated a 40% listing premium.

LG Electronics IPO saw a tremendous response; total subscription for the issue was at 54 times the total number of shares offered. Subscription was dominated by the institutional investors, who subscribed for over 165 times the number of shares available. Even the non-institutional part and the retail part had healthy subscription.

LG Electronics India is still a strong long-term structural tale, a proxy for India's rapidly growing, value-driven home appliances space, where the company has a No. 1 position in several segments.

Investors who have received allotment may book partial profits at listing at premium and can keep the rest for long term. Meanwhile, investors who did not receive shares in the IPO can buy when the price comes down.

— Views by Master Capital Services

Prabhudas Lilladher initiates coverage on LG Electronics India (LGEL IN) with a ‘BUY’ rating and TP of ₹1,780, valuing at 42x FY28E earnings. LGEL is a key player in the consumer electronics and home appliances market, offering a diverse product portfolio with a strong focus on innovation and quality. Extensive distribution network and premium brand positioning ensure its market leadership across categories.

It believes LGEL is well-positioned to capitalize on the growth opportunities in home appliances and consumer electronics given its:

• market leadership across products,
• strong manufacturing capabilities,
• diverse product portfolio, and
• strong brand loyalty.

Further, LGEL has leading market share in the premium category of Washing Machine (36.9%), Refrigerator (43.2%), RAC (27.2%), and TV (62.9%). It has a track record of launching multiple industry firsts – an outcome of its consistent focus and industry-leading R&D spends, it opined.

Exports accounted for ~6% of revenue in FY25, largely from Asia and Africa. The company plans to increase its export revenue share to ~10% by FY28E.

MOSL believes that their bullish views on LG stock could be hampered amid these key risks:

1) any increase in royalty by the parent company, LG Electronics Korea,

2) volatile raw material prices, and

3) intensifying competition.

Domestic brokerage Motilal Oswal Financial Services (MOSL) initiated coverage on LG Electronics stock with 'Buy' amid strong fundamentals. initiate coverage with a BUY rating:

The brokerage said it expects LGEIL to trade at higher multiples, given:

1) strong return ratios (RoE/RoIC of ~30%/66% in FY28E);

2) higher OCF conversion, averaging ~74% during FY26-28E;

3) a strategic focus on localization, which is expected to further expand gross margin;

4) targeted growth in high-margin B2B and AMC business; and

5) a leadership position across key product categories.

It initiated coverage on LG Electronics share price with a 'BUY' rating and a target price of ₹1,800, premised on 40x FY28E EPS.

LG Electronics share price witnessed marginal profit taking after a bumper debut. The stock was trading at ₹1,682.50 on the NSE, down 1.6% from listing price but 47.59% premium over IPO price.

On the BSE, LG Electronics IPO shares dipped 2% from listing price but remained 47% above the issue price.

LG Electronics share price got listed at ₹1715 on the BSE, a premium of ₹575 or 50.44%, as against the issue price of ₹1140. Meanwhile, on the National Stock Exchange (NSE), LG Electronics' share price debuted at a premium of 50.01% at ₹1,710.10.

LG Electronics IPO listing today beat expectations, as signaled by its grey market premium (GMP). Ahead of the stock market debut, LG Electronics shares traded at ₹1562, signaling a listing premium of 37%.

LG Electronics share price settled at a premium of 50% at ₹1715 as against the issue price of ₹1140 in the pre-listing market on the BSE. On the NSE, it was at around ₹1,710.

LG Electronics IPO LIVE Updates: After witnessing strong response from investors across all categories, LG Electronics IPO is all set to make its stock market debut today, October 14. The shares of LG Electronics will be listed on both BSE and NSE.

LG Electronics IPO LIVE Updates: The GMP of LG Electronics IPO further jumped to a new high of ₹430 in the grey market. This means that the estimated listing price of LG Electronics is likely to be ₹1570, which is 37.72 per cent higher than the IPO price of ₹1140.

LG Electronics IPO LIVE Updates: LG Electronics India's net worth stood at ₹6,447.84 crore as of the April to June quarter of the financial year 2025-26, according to the draft papers filed with the capital markets regulator, the Securities and Exchange Board of India (Sebi).

LG Electronics IPO LIVE Updates: LG Electronics India's parent company, South Korea-based LG Electronics Inc. which is the promoter selling stakeholder will receive the entire proceeds raised from the Indian stock market.

As this was an offer for sale (OFS) issue, the company will not receive any proceeds raised from the public issue.

LG Electronics IPO LIVE Updates: The shares of LG Electronics IPO will be listed on the Indian stock market on Tuesday, 13 October 2025. The public issue completed its allotment round last week on Friday, 10 October 2025.

LG Electronics IPO LIVE Updates: During the three-day bidding process, from October 7 to 9, the ₹11,607 crore issue received bids for 385.36 crore shares against the 7.13 crore shares on offer, making it a complete offer-for-sale.

Of the total bids, 338 crore came from the QIB segment, followed by 34 crore from the NII segment. The retail portion received bids for 12.63 crore shares, while the employee portion saw bids for 16 lakh shares.

LG Electronics IPO LIVE Updates: While the IPO received a massive response during its bidding period, the demand was largely driven by institutional investors, particularly QIBs, whose portion was subscribed 166.51 times. The NII segment followed with a subscription of 22.44 times.

The retail portion, however, saw a modest response, being booked 3.55 times, while the employee portion witnessed strong demand, with a subscription of 7.62 times.

LG Electronics IPO: The strong response to the ₹11,607 crore issue also made it the largest mainboard issue of over ₹10,000 crore to receive a subscription rate of more than 50 times. By comparison, Tata Capital’s recent issue of ₹15,511 crore received a subscription rate of 1.9 times, while HDB Financial Services, which listed in June with an issue size of ₹12,500 crore, saw a subscription rate of 16.7 times.

So far in the current calendar year, only four mainboard IPOs with issue sizes exceeding ₹1,000 crore have crossed a subscription rate of 50 times, according to Trendlyne data.

The company exports products to overseas markets, including the Middle East, Africa, Asia, and South-Central America. Export orders are typically received directly from LG Electronics and coordinated with the respective LG regional headquarters.

Based on market demand and internal strategies, LG Electronics selects the countries for exports. It enters into agreements with distributors who commit to purchasing products from the company (as an affiliate of LG Electronics) for sale either directly to consumers or through authorized dealers in their assigned regions.

In some cases, contracts may be with distributors in one country, but products are shipped to another country as directed and agreed upon. Supply prices for products are determined on a per-order basis, agreed upon by the company, LG Electronics, and the distributor. After-sales services for exported products are handled by the respective LG Electronics sales subsidiaries.

Ahead of its market debut on Tuesday, LG Electronics IPO GMP jumped to ₹426, signalling a listing pop of 37.37%. The lowest GMP is ₹145.00, while the highest GMP is ₹426.00. At the prevailing GMP and issue price of ₹1140, LG Electronics share price could list at ₹1566 tomorrow.

LG Electronics’ business operations are organised into five key segments

Home Appliance & Air Solution:

Manufactures and sells a wide range of household appliances, including refrigerators, washing machines, dryers, steam closets (Styler), microwave ovens, air conditioners, air purifiers, and vacuum cleaners, along with related smart services.

Home Entertainment:

Produces and sells media display and audio-visual products such as televisions, soundbars, and wireless speakers.

Vehicle Component Solutions:

Develops and supplies automotive electronics, including in-vehicle infotainment systems, lighting and headlight systems, and components for electric vehicle powertrains.

LG Innotek:

Through LG Innotek and its subsidiaries, manufactures and sells modules, substrates, and materials for industrial use — including smartphone and automotive camera modules, semiconductor and display components, and communication, motor/sensor, and lighting modules.

Business Solutions:

Offers IT and commercial products, including monitors, laptops, digital signage, commercial displays, service robots, and electric vehicle chargers.

The company has established long-standing relationships with its trade partners. As of June 30, 2025, 49.46% of these partners have been distributing the company’s products for over 10 years. It operates a wide network of 97 sales offices, strategically located in semi-urban and rural areas, to coordinate sales activities and effectively meet trade partner requirements. The company also serves its B2B consumers through a dedicated team of employees and B2B trade partners with cross-industry expertise, enabling it to effectively address the specific needs of its B2B clientele.

LG has a broader range of product offerings than most other leading home appliances and consumer electronics players in several product categories.

The company’s operations in India are supported by a strong and experienced management team. As of June 30, 2025, Sanjay Chitkara, Chief Sales Officer, has been associated with the company for over 26 years; Ashish Agrawal, Chief Operating Officer, for over 25 years; Atul Khanna, Chief Accounting Officer, for over 21 years; and Gagan Jeet Singh, Chief Manufacturing Officer, brings over 27 years of experience with the company and within the industry. The company’s management model integrates the global corporate governance standards of LG Electronics with deep local industry expertise.

LG Electronics’ GMP of 30 - 33% suggests a likely listing range of Rs. 1,480 - Rs. 1,516 against the issue price of Rs. 1,140. Even at the upper band, valuations appear attractive. At an expected listing price of Rs. 1,516, the stock would trade near ~47x FY25 earnings, compared to 35x at IPO pricing. Despite higher multiples, this remains justified given LG’s strong fundamentals—FY25 net profit surged 46% to Rs. 2,203 cr on Rs. 24,367 cr revenue, with robust ROE of 37% and ROCE above 40%. The company maintains a debt-free balance sheet, offering superior financial flexibility versus peers.

Sectorally, electronic equipment companies in India trade at 40 - 45x PE, with leaders like Havells commanding 60 - 70x. Thus, even after a 33% listing gain, LG Electronics retains re-rating potential, as valuations could expand to 50 - 55x earnings over the next 12–18 months, implying an additional 15 - 20% upside from expected listing levels.

— Views by Abhinav Tiwari, Research Analyst at Bonanza

LG Electronics had one of the largest in-house production capacities (excluding mobile phones) among leading home appliances and consumer electronics players in India as of June 30, 2025, according to the Redseer Report. It operates two advanced manufacturing units located in Noida and Pune. In Fiscal 2025 and in the three months ended June 30, 2025, the combined installed capacity at these facilities stood at 14,510,000 products.

The company achieved best-in-class profitability, delivering an EBITDA Margin and Net Profit Margin of 10.42% and 7.01%, respectively, compared to an industry average of less than 7% and 4.5% across leading home appliances and consumer electronics players in Fiscal 2024, according to the Redseer Report.

LG Electronics India's profit surged 45.8% to ₹2,203.35 crore in FY25, and its revenue from operations was up 14.1% to ₹24,366.64 crore, according to the latest RoC filing by the appliances and consumer electronics major, as per a PTI report.

The company reported a post-tax profit of ₹1,511.07 crore and revenue from operations of ₹21,352 crore for the financial year ended March 31, 2024.

LG Electronics India's total income in FY25, including other income, rose 14.25% to ₹24,630.63 crore, according to the financial data accessed by the business intelligence platform Tofler, the report stated.

LG Electronics India demonstrates a strong financial profile with FY25 ROE of 37% and ROCE of 43%, supported by its dominant position in consumer durables, robust 13% EBITDA margins, and consistent profit expansion. Its extensive manufacturing base and nationwide distribution network enhance scalability and growth visibility. The IPO appears attractively priced at a trailing PE of ~35x, reasonable against peers, with proceeds directed toward capacity expansion and market growth.

— Abhinav Tiwari, Research Analyst at Bonanza

Axis Capital, Citi, Morgan Stanley, JP Morgan and BofA Securities are the book-running lead managers for the IPO. Meanwhile, KFin Technologies is the registrar to the offer.

The $1.3 billion maiden share sale by LG Electronics' Indian was the most subscribed billion-dollar IPO in nearly two decades, as per a Reuters report.

The share sale drew bids worth $49.9 billion at the top end of its price band of 1,080 to 1,140 rupees per share, exchange data showed, making it the most-subscribed large Indian offering since Reliance Power's IPO in 2008, according to Pranav Haldea, managing director of capital markets data provider PRIME Database, the report added.

LG Electronics IPO allotment was finalised on Friday, October 10. Today, October 13, the shares will be credited to the demat account and refunds will be initiated for investors.

Thereafter, the listing of LG Electronics shares will happen on October 14. Shares are slated to list on both BSE and NSE.

The ₹11,607-crore LG Electronics IPO received bids for 3,85,33,26,672 shares against 7,13,34,320 shares on offer, according to NSE data.

The portion for Qualified Institutional Buyers (QIBs) got subscribed a huge 166.51 times, while the non-institutional investors quota received 22.44 times subscription. The category for Retail Individual Investors (RIIs) attracted 3.54 times subscription.

According to investorgain.com, the LG Electronics IPO GMP today is ₹370. While it is a tad lower than its peak of above ₹400, it is still signalling a listing gain of 32.46% for the IPO investors. As per the GMP and issue price, LG Electronics share price could list at ₹1510.