Price band for the three-day IPO has been fixed between ₹1,080 to ₹1,140 per share. The company’s South Korean parent, LG Electronics Inc., will be fetching ₹11,607 crore through the sale of 10.18 crore shares through the Offer for Sale (OFS) process.
There is no fresh issue of equity in the IPO, meaning the India entity will not earn any proceeds from the issue.
One lot of the LG Electronics IPO will comprise of 13 shares and will entail a minimum investment of ₹14,820. Investors can then bid for multiples of 13 thereafter.
50% of the issue has been reserved for eligible institutions, while 15% is for non-institutional investors. 35% of the offer will be reserved for retail investors.
At the upper end of the price band, LG Electronics India will have a post-issue market capitalisation of ₹77,820 crore. After selling stake, promoter holding in LG Electronics India will come down to 85%.
Axis Capital, Citigroup Global, Morgan Stanley India, JPMorgan and BofA Securities are the book running lead managers for the IPO.
The issue will close for subscription on Thursday, October 9. Allotment of shares to eligible investors will take place on October 10. Shares will list on the bourses on October 14, 2025.
Eligible employees of the company have been given a discount of ₹108 on the price band for the IPO.
At the size, LG Electronics India will become the third largest IPO of 2025, after Tata Capital’s yet-to-open ₹15,000 crore-plus issue, and HDB Financial’s ₹12,500 crore issue.
You can read more on the risk factors associated with the IPO here.
