After a nearly six-month delay, India’s IPO market is set for its biggest debut of 2025 as LG Electronics prepares to sell a ₹ 150 billion stake in its local subsidiary this October.
LG Electronics is preparing to launch the initial public offering (IPO) of its Indian subsidiary in October, marking what could be the largest share sale of 2025. The South Korean consumer electronics company plans to offload 102 million shares, equivalent to a 15 per cent stake, valued at around ₹150 billion.
According to people familiar with the matter, the IPO is likely to open in the first half of October. The company had earlier postponed the issue, initially scheduled for April–May, citing weak market sentiment, trade uncertainties, and tariff concerns in the United States.
With improved valuations and a bullish primary market, LG now considers October the right time to proceed.
The Securities and Exchange Board of India (SEBI) cleared the issue in March after LG filed its draft red herring prospectus in December 2024. The entire offer will be an offer for sale (OFS), meaning proceeds will go to the selling shareholder rather than the company itself.
The share sale will be managed by a consortium of investment banks including Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities India and Citigroup Global Markets India. Kfin Technologies has been appointed registrar.
LG’s IPO comes against the backdrop of a record year for India’s equity markets. Nearly 30 IPOs have already raised over ₹600 billion in 2025, with HDB Financial Services leading with its ₹125-billion issue.
Another ₹700 billion worth of offerings are expected later this year, featuring Tata Capital, Groww, Meesho, PhonePe and others.
LG Electronics is one of the leading players in India’s consumer electronics and home appliances market. According to consultancy Redseer, it operates the country’s largest distribution network, spanning over 36,000 touchpoints across urban and rural India, as of June 2024.
