LG Electronics IPO
LG Electronics is the market leader in India in major home appliances and consumer electronics (excluding mobile phones) in terms of volume for the six-month period ending June 30, 2024. Additionally, it has been the number one player in this industry for 13 consecutive years (CY2011 to CY2023) as per the value market share in the offline channel in India. It is also the market leader in India across multiple product categories including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves, based on the value market share in the offline channel (which is approximately 80% of the major home appliances and consumer electronics market (excluding mobile phones) in India in terms of value in the same period) for the six-month period ending June 30, 2024. The Company was incorporated in 1997 as a wholly owned subsidiary of LG Electronics, which is the leading singlebrand global home appliances player in terms of market share by revenue in CY2023. “LG” was named as the Most Trusted Brand in India by Trust Research Advisory for four consecutive years (2020-2023). It sells products to B2C and B2B consumers in India and outside India. It also offers installation services, and repairs and maintenance services for all its products.
LG Electronics IPO Details
| Opening Date To be announced | Closing Date To be announced |
| Price Band To be announced | Issue Size To be announced |
| Face Value ₹1 per share | Market Lot To be Announced |
| Listing at NSE,BSE | |
LG Electronics IPO Timeline (Tentative Schedule)
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account | To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
Checkout the List of Upcoming IPO
Financial Highlights
| Particulars | 31 March’22 (In Cr.) | 31 March’23 (In Cr.) | 31 March’24 (In Cr.) |
|---|---|---|---|
| Total Assets | 9419.24 | 8992.13 | 9253.06 |
| Total Liabilities | 3918.59 | 4635.88 | 4800.29 |
| Total Expenses | 425.97 | 472.31 | 232.77 |
| Total Revenue | 16834.22 | 198,64.6 | 6408.78 |
| Profit and Loss after tax | 1174.74 | 13,44,94 | 6,79.65 |
Strengths & Weakness
| Strengths | Risks | ||
|---|---|---|---|
| Leading market share in the home appliances and consumer electronics industry in India with #1 market share across key product categories. | Business relies on LG Electronics, promoter, and any adverse change in this relationship could impact operations and reputation. | ||
| Parentage of LG Electronics, which is the leading single-brand global home appliances player in terms of market share by revenue in CY 2023 and strong LG brand. | Increases in the prices of raw materials required for operations could adversely affect business and results of operations. | ||
| Operational efficiency through strong manufacturing capabilities and localized supply chain. | Key suppliers account for a significant share of its raw material purchases, and any disruption or misconduct could impact operations. | ||
| Shaping consumer experience with pan-India distribution and after-sales service network | Intense competition in the evolving home appliances and electronics markets may adversely impact operations. | ||
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How to apply for LG Electronics IPO ?
Retail investors need to apply for the IPO using UPI
UPI
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Frequently Asked Questions
What is the price band of the IPO?
To be announced
What is the size of the company?
To be announced
What is the minimum lot size of the IPO?
To be announced
What is the minimum investment required?
To be announced
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