Intentar ORO - Gratis

LG IPO: Profit up, valuation down—a buy?

Mint Hyderabad

|

October 07, 2025

LG Electronics India is set to launch a ₹11,605 crore initial public offering (IPO) on Tuesday, one of the largest consumer-sector listings in recent years alongside Swiggy.

- Abhinaba Saha abhinaba.saha@livemint.com

The entire issue—a 15% stake sale by its Korean parent—comes amid a crowded IPO calendar and muted market sentiment.

Analysts say the response to LG's offer will reveal whether investor appetite for steady, domestically focused businesses remains intact after Urban Co.’s blockbuster debut revived confidence in India’s consumption story.

Dhruy Jain, consumer electronics analyst at Ambit Capital, expects healthy demand for LG's IPO, noting that its valuation has moderated since last year's draft filing range of ₹11-12 trillion. The issue now values LG India at about ₹77,380 crore at the upper end of the ₹1,140-a-share price band, according to its red herring prospectus.

This means investors will be paying about ₹34-35 for every rupee of profit the company earned in fiscal year 2025 (FY25). This is well below Havells, Whirlpool, Voltas, and Blue Star, which trade at 47-67x P/E multiples, despite LG’s stronger profitability and scale, LG’s promoters have left much more on the table for investors, especially as Hyundai’s IPO was deemed expensive last year, according to analysts.

MÁS HISTORIAS DE Mint Hyderabad

Mint Hyderabad

Mint Hyderabad

Fintechs must design for all, says RBI governor

increase transparency and awareness in consent management and data sharing under the account aggregator framework,\" he said.

time to read

1 mins

October 09, 2025

Mint Hyderabad

Gold hits a new high

Gold seems to be on an unstoppable uprun.

time to read

1 min

October 09, 2025

Mint Hyderabad

Has TaMo priced in worst of JLR?

Tata Motors Ltd is gearing up for its long-awaited demerger.

time to read

2 mins

October 09, 2025

Mint Hyderabad

Mint Hyderabad

Cashfree CFO checks out months after taking charge

Cashfree Payments India Pvt. Ltd's chief financial officer, Piyush Anchliya, has resigned just months after taking charge, marking an unexpected senior-level exit at the Bengaluru-based software-as-a-service (SaaS) fintech.

time to read

1 mins

October 09, 2025

Mint Hyderabad

Design products accessible to all, RBI governor tells fintechs

Fintechs in India have a clear mandate from the head of the country's central bank: design products that are accessible, inclusive, and tailored for underserved populations.

time to read

1 min

October 09, 2025

Mint Hyderabad

JSW tweaks auto top deck before EV, truck launch

Sajjan Jindal-led JSW Group has introduced a series of changes to the boards of at least two ofits auto companies and changed the holding company of its component business between August and September, as the conglomerate gears up to launch cars and trucks next financial year.

time to read

1 min

October 09, 2025

Mint Hyderabad

India pulls several anti-dumping levies on China, others

New Delhi has quietly allowed the expiry of anti-dumping duties on a range of goods from several countries including China, signalling a recalibration in its approach to trade protection.

time to read

1 min

October 09, 2025

Mint Hyderabad

Mint Hyderabad

India to stop substandard drug imports with digital gatekeeping

India's top drug regulator is preparing to link its designated ports with the country's digital customs gateway to strengthen oversight, and ensure that only safe medicines, devices, and cosmetics enter the domestic market, according to an official aware of the matter and documents reviewed by Mint.

time to read

1 mins

October 09, 2025

Mint Hyderabad

Advertisers push for transparency standards in ad sales

Some of the advertising industry's largest players have joined forces to propose new standards for transparency in the digital auctions that increasingly dominate ad sales.

time to read

1 mins

October 09, 2025

Mint Hyderabad

Mint Hyderabad

Starmer resists demands for more visas for Indians

Prime Minister Keir Starmer said he would resist demands from business to allow more highly skilled workers from India to come to the UK following a free trade agreement (FTA) between the two countries.

time to read

1 mins

October 09, 2025

Listen

Translate

Share

-
+

Change font size