LG Electronics India, a key player in the consumer durables industry, is set to file an updated DRHP with SEBI in early May 2025 for its ₹15,000 crore IPO. The company seeks to reduce its dependency on North America and expand further into Asia and Africa.
LG Electronics India, the Indian subsidiary of South Korea’s multinational electronics giant LG Electronics Inc., is reportedly set to file its updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in early May 2025. The company is preparing for a ₹15,000 crore initial public offering (IPO), with plans to list its shares on Dalal Street later that same month.
The IPO, as per Financial Express sources, includes an offer-for-sale (OFS) component from its parent company, through which LG Electronics aims to divest a 15% stake in its Indian operations. The company has already received SEBI’s initial approval in March and held roadshows to attract investor interest.
LG Electronics India is a major force in India’s consumer electronics and home appliances space. It currently operates two manufacturing facilities in Noida and Ranjangaon (Maharashtra), and is preparing to build a third in Sri City, Andhra Pradesh. This expansion aligns with its strategy to strengthen its presence in Asian and African markets, especially in the wake of new tariff regulations imposed by the United States.
According to regulatory filings, LG India recorded its highest-ever revenue in FY24, reaching $2.8 billion — a 14.8% increase year-on-year. Net profits also surged by 43.4%. The company services both B2B and B2C clients and provides installation, repair, and maintenance services along with a diverse product portfolio (excluding mobile phones).
The DRHP notes that LG Electronics India’s promoter holds 100% of the equity share capital. Prominent individuals listed as nominee shareholders include Ajay Rambal, Atul Khanna, and others, holding shares on behalf of LG Electronics Inc.
Among its industry peers, the company lists Havells (P/E 85.48), Voltas (P/E 221.53), Whirlpool (P/E 111.65), and Blue Star (P/E 92.21) as comparable players.
With a strong market presence, rising profits, and international expansion plans, the upcoming IPO marks a pivotal moment for LG Electronics in the Indian stock market.
