SEBI Approves LG Electronics India’s IPO

LG Electronics India secures SEBI approval for IPO.(upstox.com)

The Securities and Exchange Board of India (SEBI) has granted approval to LG Electronics India Limited to raise capital through an initial public offering (IPO). The company had filed its IPO documents with SEBI on December 6, 2024.

According to the Draft Red Herring Prospectus (DRHP) filed by the company, the IPO, with a face value of ₹10 per share, is entirely an offer for sale (OFS) by LG Electronics Inc, involving the sale of 10.18 crore equity shares.

A subsidiary of LG Electronics Inc, LG Electronics India was established in 1997. As per the RedSeer Report cited in the DRHP, the company has maintained its position as the market leader in India’s home appliances and consumer electronics industry for 13 consecutive years (2011–2023) based on value market share in the offline channel.

Compared to listed industry peers such as Havells India Limited, Voltas Limited, Whirlpool of India Limited, and Blue Star Limited, LG Electronics India recorded the highest revenue in FY 2024 in terms of operating income and earnings per share (EPS).

For FY 2024, the company reported a revenue of ₹21,352 crore.