LG Electronics IPO has declared its allotment status on October 10th ahead of listing next week, which is likely to be October 14th. LG will be competing against major home appliances stocks like Havells India, Voltas, Whirlpool and BlueStar. The latest grey market premium (GMP) of LG signalled at nearly 35% potential premium listing. But will LG be bigger than its peers after debut?
LG Electronics IPO Vs Peers:
According to Choice data, LG could list at a market value of Rs 73,714 crore on BSE and NSE. This will likely be bigger than Voltas Ltd whose m-cap is nearly Rs 46,986 crore, Whirlpool of India whose m-cap is around Rs 14,817 crore and Blue Star who have market cap of around Rs 39,655 crore as of October 10, 2025.
Unlike these companies, LG's market cap would be lower compared to Havells India which currently dominates with m-cap of over Rs 94,500 crore in the sector.
Voltas, Whirlpool, BlueStar and Havells shares traded higher in the range of 1% to 3% on October 10th, at the time of writing.
However, Choice data showed that fundamentals of LG are stronger than these listed peers. For instance, 4-year average ROE of LG stood at 32.3%, which is far better than 17.7% ROE in Havells, 7.2% in Voltas, 9.6% in Whirlpool and 20.5% in BlueStar. Also, LG's return of equity for FY25 is estimated at 36.9%, better than peers. Price to equity ratio is seen at 38x, which is lower than peers, another key positives.
According to Dolat Capital, LG Electronics focuses on 1) expansion of production capacity 2) diversifying and innovating the product portfolio 3) strengthening distribution 4) scale-up of B2B business. Penetration of home appliance in India is low, providing headroom for growth. LGEIL enjoys #1 market share across key home appliance categories, maintaining competitive edge in the premium category. The company's diversified product mix helps it to manage the impact of seasonality on sales.
Also, it has the highest margins (10%+) among leading consumer home appliance and electronics players. The company is well poised to benefit from the recent GST rate rationalization in AC,TV, Dishwashers which will increase affordability. Amidst stiff competition from other global and Indian players in this space, market share retention remains a challenge. At the upper price band, LGEIL is valued at a P/E of 35x to its FY25 earnings, which is at ~30% discount to peers.
LG Electronics IPO Allotment Status:
Investors can check the allotment status of LG electronics on BSE, NSE, and Kfin Technologies. Here are the direct links:
LG Electronics IPO Allotment Status On Kfin Technologies:
LG Electronics IPO last GMP is Rs 395, last updated Oct 10th 2025 12:02 PM. With the price band of 1140.00, LG Electronics IPO's estimated listing price is Rs 1535 (cap price + October 10th GMP).The expected percentage gain/loss per share is 34.65%, as per Investor Grain.
The LG IPO opened on October 7th and closed on October 9th. It was a 100% book building and purely offer for sale. The price band for the IPO were fixed at Rs 1080 per share and Rs 1140 per share. On the final day of the bidding, LG IPO recorded 54.02 times, making it one of the most successful large IPOs of 2025.
LG Electronics IPO Listing Date:
After this, the company will credit shares or initiate refund on 13th. The tentative listing date is fixed on October 14.
About LG Electronics Ltd:
Incorporated in 1997, LG Electronics India (LGEDIA), is a wholly owned subsidiary of LG electronics Inc. which is a leading single-brand global home appliance player. LGEDIA is the market leader in India across multiple product categories including washing machines (33.5%), refrigerators (29.9%), panel televisions (27.5%), inverter air conditioners (20.6%), and convection microwaves (51.4%) as on H1CY25.
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