LG Electronics India IPO

With a valuation that nearly matches its South Korean parent, this public offering could redefine how global brands position their India subsidiaries on Dalal Street.

At the upper price band, LG Electronics India’s market capitalization stands at over ₹77,000 crore (around $8.7 billion) — just shy of LG Electronics Inc.’s $8.9 billion valuation on the Korean stock exchange. For an Indian arm to come this close to its global parent’s market value? That’s a statement.

LG Electronics India IPO Overview

The LG Electronics India IPO is a ₹11,607 crore Offer for Sale (OFS), meaning all proceeds go to the South Korean parent, with no fresh shares being issued.

• Price Band: ₹1,080 – ₹1,140 per share

• Issue Type: 100% Offer for Sale

• IPO Size: ₹11,607 crore

• IPO Open Date: October 7, 2025

• IPO Close Date: October 9, 2025

This IPO is not just a financial event — it’s a strategic milestone. By going public, LG India is seeking to strengthen its local footprint, increase brand visibility among Indian investors, and align its valuation closer to its parent company.

A Valuation Close to the Parent Company

At first glance, the valuation parity between LG India and LG Electronics Inc. seems almost unbelievable. The parent’s global revenues stood at $64.33 billion in 2024, while LG India reported $2.8 billion in FY25. Despite being a smaller contributor in revenue terms, LG India’s valuation reflects investors’ growing confidence in the Indian consumer electronics market.

This move puts LG India in a unique league — one of the few global subsidiaries to trade near its parent’s market cap. The message? India is no longer just a market; it’s a value creator.

Analyst Take: Attractive Pricing and Strong Fundamentals

Market experts see the LG Electronics India IPO as one of the more fairly valued issues in recent months.

Harsh Thakkar (Samco Securities)

Thakkar called the IPO’s pricing “refreshingly reasonable,” noting that LG India’s P/E multiple appears more attractive compared to competitors like Whirlpool, IFB, and Orient Electric, which trade at 48x, 59x, and 49x earnings, respectively.

SBI Securities Report

At the upper end of the price band, ₹1,140, LG India’s P/E ratio stands at 35.1x, based on post-issue capital. SBI Securities highlighted the company’s stronger return profile and superior fundamentals, leading it to assign a “Subscribe” rating for investors.

Such ratings suggest that LG India isn’t just riding on its brand name — it’s bringing genuine financial strength and performance to the table.

Sector Edge: Outperforming Domestic Peers

India’s consumer electronics space is fiercely competitive, with brands like Whirlpool, IFB, and Voltas vying for dominance. Yet, LG India has consistently maintained leadership across categories — from home appliances and air conditioners to televisions and kitchen solutions.

Its strong distribution network, brand trust, and product diversification have helped it weather market cycles and sustain profitability. With growing demand in India’s middle-class and premium segments, LG India’s future growth potential remains robust.

What Makes the IPO Stand Out

1. Near-Parent Valuation: Reflects India’s emerging market potential and investor faith in consumer durables.

2. Attractive Valuation Metrics: A P/E multiple of 35.1x offers relative affordability versus peers.

3. Strong Market Share: LG India’s dominance across major product lines ensures steady revenue visibility.

4. Institutional Interest Expected: Given its strong fundamentals, the IPO is likely to attract heavy institutional participation.

5. Brand Power: Few companies command the kind of trust and recall LG does in Indian households — a priceless moat in consumer durables.

The Bigger Picture: A Confidence Boost for India’s IPO Market

The LG Electronics India IPO comes at a time when India’s primary market is buzzing with activity. Its valuation narrative could set a precedent for other multinational subsidiaries considering Indian listings — from FMCG to automotive players.

If the IPO lists successfully, it could mark a shift in perception — India is no longer just a secondary market but a valuation driver for global brands.

Final Verdict: Should You Subscribe?

The LG Electronics India IPO stands out for its balance between brand power and reasonable pricing. With a modest P/E multiple compared to peers and strong financials, the offering appears attractive for both institutional and retail investors.

While it’s a full offer for sale — meaning no new capital enters the company — the listing provides investors a rare opportunity to own a slice of a global consumer electronics leader thriving in India’s growth story.

For long-term investors, LG India’s IPO could be a stable, brand-backed addition to a diversified portfolio. Short-term traders, too, might find room for moderate listing gains given the strong “Subscribe” consensus from brokerages.

Bottom Line

The LG Electronics India IPO isn’t just another listing — it’s a symbol of India’s growing financial maturity and consumer strength. With valuation parity close to its global parent and solid fundamentals backing it up, this IPO is more than a market debut; it’s a power statement from a brand that’s already in every Indian home.