📢 #LGElectronics India #IPO – Closing Note (October 9, 2025)
🏢 Company Snapshot
Business: Market leader in home appliances and consumer electronics (excluding mobile phones)
Segments: Washing machines, refrigerators, panel TVs, inverter ACs, microwaves
Parent: LG Electronics Inc. (South Korea)
Employees: ~3,796 (as of June 30, 2025)
📊 Financial Highlights
FY24 PAT: ₹1,511 crore
FY24 Dividend: ₹2,093 crore (₹185/share)
Q1 FY26 Revenue: ₹6,409 crore
Q1 FY26 PAT: ₹680 crore
Operating Margin: ~14.94%
📈 Market Sentiment
Grey Market Premium (GMP): ₹318 (↑ from ₹250 on Day 1)
Implied Listing Gain: ~28%
Subscription Status:
Category/ Subscription (x)
Qualified Institutional Buyers (QIB) 3.48x
Non-Institutional Investors (NII) 14.36x
Retail Individual Investors (RII) 2.57x
Overall 5.36x
🧩 Strategic Takeaway
#LGElectronics India’s IPO is a pure OFS (offer for Sale), signaling parent monetization rather than capital raise.
Strong brand equity, dominant offline market share, and consistent profitability make it a high-quality consumer play. Listing momentum is supported by robust GMP and sectoral tailwinds.
🔍 Key Valuation Takeaways
Valuation Comfort: LG India’s IPO is priced at 35.1x P/E, significantly lower than #Havells (64.1x), #Voltas (52.7x), and #BlueStar (65.6x), despite superior margins and return ratios.
#Profitability Leadership: LG leads in #EBITDA and PAT margins, indicating stronger operating leverage and cost control.
Capital Efficiency: LG’s RoNW of 37.13% and RoCE of 42.91% are best-in-class, reflecting disciplined capital deployment.
Earnings Strength: LG’s EPS of ₹32.46 is the highest among peers, reinforcing its #earnings quality.
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