LG Electronics IPO: Price band set at ₹1,080-1,140 per share; check key dates, issue details, more

LG Electronics IPO price band has been fixed in the range of ₹1,080 to ₹1,140 per equity share of the face value of ₹10. The LG Electronics IPO date of subscription is scheduled for Tuesday, October 7 and will close on Thursday, October 9. The allocation to anchor investors for the LG Electronics IPO is scheduled to take place on Monday, October 6. The LG Electronics IPO lot size is 13 equity shares and in multiples of 13 equity shares thereafter.

LG Electronics IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

Tentatively, LG Electronics IPO basis of allotment of shares will be finalised on Friday, October 10 and the company will initiate refunds on Monday, October 13, while the shares will be credited to the demat account of allottees on the same day following refund. LG Electronics share price is likely to be listed on BSE and NSE on Tuesday, October 14.

LG Electronics IPO details

The South Korean parent company, LG Electronics Inc., is set to raise ₹11,607 crore by offering 10.18 crore shares through the Offer for Sale (OFS) mechanism.

There will not be any new equity issued in the IPO, which means that the Indian subsidiary will not receive any funds from this offering. At the highest end of the price range, the post-issue market capitalization of LG Electronics India will reach ₹77,820 crore. Following the stake sale, the promoter's ownership in LG Electronics India will be reduced to 85%.

The book running lead managers for the IPO include Axis Capital, Citigroup Global, Morgan Stanley India, JPMorgan, and BofA Securities.

Company Details

LG Electronics India Limited is involved in the manufacturing and distribution of home appliances and consumer electronics, excluding mobile phones.

The company markets its products to both B2C and B2B customers in India and internationally. It also provides installation services along with repair and maintenance for all its products. Competing with notable companies such as Havells, Voltas, Whirlpool, and Blue Star, the company reported a net profit of ₹2,203.3 crore for the fiscal year ending March 2025, representing a 45.8 percent increase from ₹1,511 crore in the prior fiscal year 2024. During the same timeframe, revenue surged by 14.1 percent to ₹24,366.6 crore, an increase from ₹21,352 crore.

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