LG Electronics India Lists on NSE After $1.31B IPO

LG Electronics India Limited has officially listed on the National Stock Exchange of India, marking a significant development in the South Korean electronics giant’s presence in one of the world’s fastest-growing consumer markets. The listing ceremony took place on October 14 at NSE headquarters in Mumbai, with senior executives from both organizations participating in the traditional opening bell ceremony.

The initial public offering saw LG offer 15 percent of LGEIL’s issued shares, totaling 101,815,859 shares at INR 1,140 per share. The offering was priced at the top of the indicative range and attracted substantial investor interest, with subscriptions reaching 54 times the total shares available. The transaction generated approximately USD 1.31 billion, equivalent to INR 116.05 billion.

William Cho, CEO of LG Electronics, attended the ceremony alongside Chang-tae Kim, CFO of LG Electronics, Hong-ju Jeon, managing director of LGEIL, and Dae-hyun Song, board chairman. NSE CEO Ashish Chauhan represented the exchange during the listing event. The two chief executives jointly rang the ceremonial gong to commence trading for LGEIL shares.

The listing represents more than a financial milestone for LG. The company aims to deepen its integration into the Indian market, positioning itself as a national corporation of India rather than merely a foreign subsidiary. This strategic shift comes at a time when India’s economic landscape is undergoing substantial transformation, with household incomes rising and the middle class expanding rapidly.

Research from Boston Consulting Group indicates that the proportion of Indian households in the middle-income bracket, defined as annual income between USD 6,000 and USD 36,000, is projected to increase from 29 percent in 2020 to 46 percent by 2030. This demographic shift is expected to drive significant growth in appliance adoption across the country.

LG has outlined three strategic pillars to guide its future operations in India. The first, Make for India, focuses on developing products specifically designed for Indian consumers. This approach incorporates affordability considerations, features tailored to local needs, and design elements that reflect cultural preferences. The company plans to leverage its decades of experience in the Indian market to expand this localized portfolio.

The second pillar, Make in India, aligns with the national manufacturing initiative of the same name. LG has established a comprehensive local value chain that encompasses research and development, production, sales and service operations. Beyond its existing manufacturing facilities in Noida and Pune, the company is investing INR 50.01 billion in a new factory in Sri City. This facility is expected to create 1,900 direct and indirect employment opportunities.

The third strategic pillar, Make India Global, positions India as a central component of LG’s Global South strategy. This initiative focuses on capturing growth opportunities across emerging markets amid shifting geo-economic dynamics. LG intends to support India’s evolution from a fast-growing market into a recognized hub for innovation, manufacturing and talent development.

Through these efforts, LG aims to strengthen local industries, enhance value chains and foster technological capabilities. The company seeks to enable India to demonstrate its capabilities on the global stage, from advanced manufacturing and research to technology exports and sustainable development practices.

LGEIL currently holds the number one position in major home appliances and consumer electronics in India, excluding mobile phones, based on offline channel market share. The company plans to maintain this leadership position while expanding into new business domains.

Beyond traditional product sales, LGEIL is strengthening customer relationships through enhanced after-sales services and expanded Annual Maintenance Contract subscription programs. The company is also accelerating its presence in business-to-business sectors, providing advanced technologies for commercial spaces, HVAC systems and information displays.