LG Electronics India eyes $8.71b valuation in landmark IPO launch

• Prospective investors will be able to place their bids during a three-day window starting October 7, while major anchor investors get a head start on October 6.
• South Korean consumer electronics giant isn’t issuing any new shares; all shares on offer are existing ones.

It looks like LG Electronics India is stepping into the IPO spotlight in a major way. The company is chasing a valuation of up to Rs774 billion, which is approximately $8.71 billion, making it one of the most significant public offerings in India this year.

The price band for its upcoming listing is set between Rs1,080 and Rs1,140 per share, as revealed in a public filing.

Prospective investors will be able to place their bids during a three-day window starting October 7, while major anchor investors get a head start on October 6.

At the higher end of the price range, the IPO could raise up to Rs116 billion rupees, or about $1.3 billion, for LG Electronics Inc—the South Korean parent company, which is set to sell a 15 per cent stake.

Notably, LG Electronics India isn’t issuing any new shares; all shares on offer are existing ones.

October: A busy month for IPO

The journey to this IPO has been a bit bumpy. The initial filing happened last December, aiming for a listing by May. Plans were postponed due to concerns over market instability but now, with the market buzzing and investor sentiment robust, the timing seems right to move forward.

October is shaping up to be a bustling month for IPO activity in India, with Tata Capital’s $1.75 billion IPO—the country’s biggest in 2025—launching concurrently. Meanwhile, co-working giant WeWork is also expected to test market waters at the same time.

Adding to the optimism, India’s tax authorities recently reduced consumption taxes on several products, including electronics, from 28 per cent to 18 per cent. This move is geared toward boosting demand ahead of the all-important festive shopping season.

LG Electronics India stands as the country’s second-largest appliance manufacturer, offering products like refrigerators, washing machines, and TVs. It’s locked in competition with global players such as Whirlpool and Samsung, as the Indian home appliances market is projected to grow at an annual rate of 12 per cent until 2029, according to consultancy RedSeer.

This IPO continues an already strong year for India’s capital markets. As of September 30, companies raised nearly Rs910 billion through IPOs—up significantly from the previous year, signaling growing investor appetite and a vibrant fundraising environment.