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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
The money raised through the Offer for Sale goes to existing investors, not the company.
(₹ in Crore)
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LG Electronics India Limited manufactures and sells home appliances and consumer electronics across India, with mobile phones falling outside its product scope. Its catalogue spans refrigerators, washing machines, air conditioners, televisions and microwave ovens, and the business is organised into two reporting segments: Home Appliances and Air Solutions, and Home Entertainment. Alongside the products themselves, the company runs installation, repair and maintenance services for everything it sells, and serves both retail buyers and business customers in India as well as export markets. Incorporated in 1997 as the Indian arm of the South Korean group LG Electronics Inc., the company has built roughly three decades of operating history in the country. Manufacturing runs out of two plants, at Noida in Uttar Pradesh and at Pune in Maharashtra, feeding a nationwide supply chain of two central distribution centres, 23 regional distribution centres and 51 branch offices. Distribution reaches customers through a network of about 30,847 sub-dealers as of 31 March 2025, supported by hundreds of service centres, thousands of field engineers and dedicated call centres that together handle after-sales coverage in both urban and rural markets. The company positions itself among the leading names in Indian home appliances and consumer electronics, and its scale shows in the financials: revenue of about ₹24,631 crore and profit after tax of about ₹2,203 crore in FY25, earned with essentially no borrowings on the balance sheet. Growth is driven by rising household penetration of appliances, a product line adapted to Indian conditions and price points, local manufacturing that covers the large majority of what it sells here, and the pull of the parent group's brand and technology. The October 2025 offering was a pure offer for sale by the Korean parent, so no money from the issue went to the company itself.
Ahead of the issue the company placed 3,04,81,539 shares with anchor investors at ₹1,140 per share, raising about ₹3,475 crore across 149 funds. The book drew both large global institutions, among them the Government of Singapore, Goldman Sachs, Fidelity Funds, BlackRock Global Funds, the Abu Dhabi Investment Authority and Norway's Government Pension Fund Global, and leading domestic names including SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, SBI Life Insurance, HDFC Life Insurance and ICICI Prudential Life Insurance.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 July 2026, 5:30 AM
Backing of a global parent
The company is the Indian arm of LG Electronics Inc. and draws on the group's product technology, engineering resources and brand recognition, which is difficult for a standalone domestic manufacturer to replicate.
Leading position in major appliances
It has held the top rank in India's major-appliance market for over a decade, giving it pricing power and preferred shelf space with trade partners.
Deep distribution and service reach
Two plants, 25 distribution centres and roughly 30,800 sub-dealers put products within reach across the country, while a large service-centre and field-engineer network supports customers after the sale.
Products designed for the Indian market
A localisation-first approach adapts specifications and features to Indian usage conditions and price expectations rather than importing a single global design.
Manufacturing based in India
The overwhelming majority of what it sells here is produced domestically, which limits import exposure and supports margins and delivery timelines.
Profitable and debt-free balance sheet
Revenue and profit have grown steadily over the reported periods and the company carries essentially no borrowings, so earnings are not eroded by interest cost.
Track record of category innovation
It has introduced new appliance categories and technologies to the Indian market ahead of rivals, including inverter air conditioners in 2014.
Crowded, competitive category
It faces sustained pressure from other global brands and from fast-growing value players, which can force discounting and squeeze margins.
Reliance on the parent company
Technology, product designs and brand rights flow from LG Electronics Inc., so any change in that relationship or in the terms of support would affect the business directly.
Concentrated manufacturing footprint
Production sits at just two sites, at Noida and Pune, so a disruption at either plant would have an outsized effect on supply.
LG Electronics India Limited
A 24/6, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi 110044, Delhi, India
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Intellectual property and legal exposure
Disputes over patents, designs or trademarks, and other litigation, could result in cost or restrictions on selling particular products.
Supply chain fragility
Components and materials are sourced through a network that can be interrupted by natural events, logistics shocks or wider global disruption.
Slower growth in mature urban markets
Appliance ownership in cities is already high, so incremental volume depends on replacement demand and on converting smaller towns and rural households.
Constant reinvestment in new products
Product cycles in electronics are short, and staying current requires continuous spending on development, with no guarantee each launch succeeds.
Currency and regulatory swings
Imported components expose the company to exchange-rate movement, and changes in tariffs, energy-efficiency norms or other rules can raise cost or restrict a product line.