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LG Electronics India IPO is fully proposed for sale up to Rs 10.18 crore equity shares by LG Electronics Inc. with an inscribed price of Rs 10 per equity share.
LG Electronics IPO.
LG Electronics IPO: LG Electronics India Limited, a major company of major home appliances and consumer electronics (except mobile phones), has received approval of market regulator SEBI. The company recorded its IPO paper on 6 December 2024 with the Securities and Exchange Board of India (SEBI).
Morgan Stanley India Company Private Limited, JP Morgan India Private Limited, Axis Capital Limited, Bofa Securities India Limited, and Citigroup Global Markets India Private Limited are the book-earning lead manager and KFIN Technologies Limited are the registrar of the issue.
LG Electronics India IPO Opening Date
The initial date of IPO has not been announced yet.
LG Electronics India Size and Price
The IPO is fully a proposal for sales up to Rs 10.18 crore equity shares by LG Electronics Inc. with an inscribed price of Rs 10 per equity share.
However, the price band of the IPO will be announced near the IPO launch date, which has not been announced yet.
About LG Electronics India
LG Electronics India, a subsidiary of LG Electronics Inc., was established in 1997 and has maintained its position as a market leader in India’s domestic appliances and consumer electronics industry for 13 consecutive years (2011-2023).
When Havells India Ltd, Voltas Ltd, Whirlpool of India Ltd, and Blue Star Ltd, compared to listed industries, LG Electronics India received higher revenue from operations and earnings (EPS) in FY 2024.
Globally, LG Electronics is recognized as a single-brand home equipment leading by revenue for 2023, according to the Redseer report. Catering for both B2C and B2B markets both within and out of India, the company provides the same day’s installation, repair and maintenance services for its products.
With a 27 -year experience in India, LG Electronics India has cultivated deep consumer insights, capable of fulfilling the unique demands of Indian customers. LG Electronics India covers the largest distribution network among its peers, which covers both urban and rural areas through 36,401 B2C touchpoints. After its sales services are provided through 949 authorized service centers across the country, which is supported by a comprehensive supplier base of 280 vendors with an average relationship of 11 years by June 30, 2024.
LG Electronics India Financial
For FY 2024, the company recorded a revenue of Rs 21,352 crore, marking the growth of ₹ 19,868.24 crore in financial 2023. The profit after tax increased to 12.35%, during the same period ₹ 1,344.93 crore to ₹ 1,511.07 crore. In the three months ended on 30 June 2024, the revenue was ₹ 6,408.80 crore, with a profit after a tax of ₹ 679.65 crore.
The company holds a major market status in various product categories, including washing machines, refrigerators, panel TVs, inverter air conditioners and microwaves. According to Redseer’s report, for six months ending June 30, 2024, these products staked a significant stake in the offline channel, which represents about 80% of the leading home appliances and consumer electronics markets (except mobile phones) in India.
