| LG Electronics India IPO Review | LG India IPO SWOT Analysis |
| LG India vs Havells vs Voltas vs Whirlpool vs Blue Star | LG India IPO GMP |
India’s leading brokerage firms have turned unanimously positive on the LG Electronics India IPO, calling it one of the most attractively valued large-cap offerings of 2025. Every major research house — from BP Wealth to ICICIdirect — has issued a “Subscribe” or “Subscribe for Long Term” recommendation. None have advised “Avoid,” reflecting broad market confidence in the company’s fundamentals, brand strength, and future growth trajectory.
Table of Contents
LG India IPO Snapshot
| Particulars | Details |
|---|---|
| IPO Dates | 7 – 9 October 2025 |
| Price Band | INR 1,080 – 1,140 per share |
| Issue Size | INR 10,996 – 11,607 crore (OFS: 10.18 crore shares) |
| Implied Market Cap | INR 77,380 crore |
| Retail Allocation | 35% |
| Listing | NSE, BSE |
| Promoter | LG Electronics Inc. (to hold 85% post-issue) |
Strong Market Leadership
Established in 1997, LG Electronics India is India’s No. 1 brand in home appliances and consumer electronics (excluding mobile phones), leading categories like washing machines, refrigerators, panel TVs, inverter ACs, and microwaves. With 35,640 touchpoints, 463 B2B partners, and 1,006 service centers, LG Electronics India operates the largest distribution and after-sales network in the country. Its Noida and Pune plants together produce 14.5 million products annually with 84% utilization, supported by a debt-free balance sheet and INR 4,575 crore in cash.
LG India IPO Brokerage Recommendations
BP Wealth – “Subscribe”
“LG India’s dominant position, superior brand equity, and strong financials justify subscribing to the issue. Its clean balance sheet and healthy return ratios provide visibility for sustainable growth.”
Canara Bank Securities – “Subscribe for Long Term”
“LG India’s strong market presence, product innovation, and planned capacity expansion make it an ideal play on India’s consumption growth. Investors can subscribe for long-term gains.”
Arihant Capital – “Subscribe for long term”
“At 38x FY25 earnings, LG Electronics India is attractively valued given its leadership in multiple categories and robust distribution network. We expect steady revenue and margin expansion.”
Aditya Birla Money – “Subscribe”
“LG India’s brand dominance, rising premiumization, and debt-free status offer a compelling investment case. With its upcoming Andhra Pradesh facility, growth momentum is likely to sustain.”
Marwadi Financial Services – “Subscribe”
“Strong financial performance, improving margins, and leadership in the high-growth appliance market support our positive outlook. We advise subscribing to the IPO.”
SBI Securities – “Subscribe”
“With superior brand equity, broad product portfolio, and expansion into high-margin B2B categories, LG India offers long-term value creation potential.”
Cholamandalam Securities – “Subscribe”
“LG India’s fundamentals are strong, and its valuation offers comfort compared to peers. A solid play on India’s rising consumer spending.”
ICICIdirect – “Subscribe”
“We expect LG India to deliver steady earnings growth, aided by capacity expansion and premium product mix. The IPO is reasonably priced; hence we recommend Subscribe.”
Ventura Securities – “Subscribe”
“LG India’s leading market share, high profitability, and focus on smart appliances position it well for sustained performance. Investors can consider subscribing for long-term wealth creation.”
Other Positive Views
Other brokerages including Choice Broking, Centrum Wealth, Adroit Financial, GEPL Capital, SMIFS, and Sharekhan also issued “Subscribe” calls, citing:
- Strong market leadership and brand trust.
- Consistent financial performance and high return ratios.
- Expansion of manufacturing capacity and exports.
- Attractive valuation versus peers like Havells, Voltas, and Blue Star.
- High entry barriers and durable competitive advantage.
Why Brokerages Are Bullish
Across reports, brokerages identified several common growth factors:
- Undisputed market leadership across core categories.
- Strong financial metrics with improving margins and robust cash flow.
- Upcoming INR 5,000 crore Andhra Pradesh manufacturing plant to enhance scale and exports.
- Expanding B2B verticals in HVAC, commercial displays, and LED solutions.
- Premiumization and smart appliance adoption driving margin expansion.
- Parentage of LG Electronics Inc. ensures technological leadership and brand consistency.
- Valuation comfort compared to sector peers.
Analyst Verdict: A Consensus “Subscribe”
Every major brokerage agrees — LG Electronics India IPO combines brand strength, financial discipline, and long-term growth visibility. Analysts view it as a structural consumption play benefiting from India’s urbanization and rising disposable incomes.
Consensus View: “Subscribe / Subscribe for Long Term”
No “Avoid” ratings issued by any major brokerage.
The Bottom Line
The LG Electronics India IPO stands out as one of 2025’s most widely endorsed issues. Supported by industry leadership, robust financials, and visible growth levers, the company is well-positioned to create sustained shareholder value.
Verdict: A high-quality consumer durable franchise with strong fundamentals and unanimous analyst confidence — “Subscribe” with long-term horizon.
For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.