LG Electronics India Marks Historic Listing on the National Stock Exchange
On October 14, 2025, LG Electronics (LG) achieved a significant milestone by listing its subsidiary, LG Electronics India Limited (LGEIL), on the National Stock Exchange (NSE) of India. The event, held in Mumbai, was celebrated with a ceremonial bell-ringing led by LG Electronics CEO William Cho and NSE CEO Ashish Chauhan, symbolizing LGEIL's official entry into the stock market and marking its ambition to become a cornerstone of India's burgeoning economy.
The Initial Public Offering (IPO) saw LG offering 15% of LGEIL's shares, totaling 101,815,859, with an impressive subscription rate that reached 54 times the offered amount. This IPO was priced at INR 1,140 per share, resulting in a remarkable raise of approximately USD 1.31 billion (equivalent to INR 116.05 billion).
Following this listing, LGEIL aims to strengthen its footprint in India, anticipating that this strategic move will significantly boost its growth as the country's middle-class population expands. According to predictions from the Boston Consulting Group, the percentage of Indian households classified as middle-income is expected to rise from 29% in 2020 to 46% by 2030. This demographic shift indicates a promising market for household appliances, aligning with LG's strategic goals.
William Cho stated, "India is now at the center of our Global South strategy, and we eagerly anticipate further growth for both LG and LGEIL here."
Accompanying the listing was the unveiling of LG's long-term vision encapsulated in three pivotal themes: 'Make for India,' 'Make in India,' and 'Make India Global.' The first theme underscores LG's commitment to developing products tailored to the unique lifestyles and needs of Indian consumers, leveraging local insights to design appliances that combine affordability with culturally relevant features.
The 'Make in India' initiative aligns with LG's dedication to bolster India's manufacturing sector through its established value chain that encompasses research, development, production, sales, and service. The company is set to invest INR 50.01 billion in establishing a new factory in Sri City, which is predicted to generate around 1,900 jobs, both direct and indirect. This commitment to local manufacturing reflects LG's intention to support India's economic plans and enhance its capabilities.
In the final theme, 'Make India Global,' LG aims to position India as a pivotal player within its Global South strategy. This involves unlocking growth avenues in emerging markets and fostering India's evolution into a recognized center for innovation, manufacturing, and talent amidst a transitional global economic landscape. By strengthening local industries and value chains, LG aspires to enable India to gain prominence on the international stage, showcasing its advancements in manufacturing, research and development, and technology exportation.
Beyond the product offerings, LGEIL is committed to enhancing its after-sales services and expanding its Annual Maintenance Contract subscription programs to build lasting relationships with consumers. The company is also making strides in the B2B sector by providing cutting-edge solutions for commercial spaces, HVAC systems, and information displays.
Ultimately, LG Electronics envisions a future where it grows alongside India, emphasizing the mutual benefit of a partnership that supports the nation's rise as a global economic leader while reaffirming LG's stature as a reliable national company representing India's potential on the world stage. With a history rooted in technological innovation and consumer electronics, LG is poised to create lasting value and contribute to India's ongoing success.
The Initial Public Offering (IPO) saw LG offering 15% of LGEIL's shares, totaling 101,815,859, with an impressive subscription rate that reached 54 times the offered amount. This IPO was priced at INR 1,140 per share, resulting in a remarkable raise of approximately USD 1.31 billion (equivalent to INR 116.05 billion).
Following this listing, LGEIL aims to strengthen its footprint in India, anticipating that this strategic move will significantly boost its growth as the country's middle-class population expands. According to predictions from the Boston Consulting Group, the percentage of Indian households classified as middle-income is expected to rise from 29% in 2020 to 46% by 2030. This demographic shift indicates a promising market for household appliances, aligning with LG's strategic goals.
William Cho stated, "India is now at the center of our Global South strategy, and we eagerly anticipate further growth for both LG and LGEIL here."
Accompanying the listing was the unveiling of LG's long-term vision encapsulated in three pivotal themes: 'Make for India,' 'Make in India,' and 'Make India Global.' The first theme underscores LG's commitment to developing products tailored to the unique lifestyles and needs of Indian consumers, leveraging local insights to design appliances that combine affordability with culturally relevant features.
The 'Make in India' initiative aligns with LG's dedication to bolster India's manufacturing sector through its established value chain that encompasses research, development, production, sales, and service. The company is set to invest INR 50.01 billion in establishing a new factory in Sri City, which is predicted to generate around 1,900 jobs, both direct and indirect. This commitment to local manufacturing reflects LG's intention to support India's economic plans and enhance its capabilities.
In the final theme, 'Make India Global,' LG aims to position India as a pivotal player within its Global South strategy. This involves unlocking growth avenues in emerging markets and fostering India's evolution into a recognized center for innovation, manufacturing, and talent amidst a transitional global economic landscape. By strengthening local industries and value chains, LG aspires to enable India to gain prominence on the international stage, showcasing its advancements in manufacturing, research and development, and technology exportation.
Beyond the product offerings, LGEIL is committed to enhancing its after-sales services and expanding its Annual Maintenance Contract subscription programs to build lasting relationships with consumers. The company is also making strides in the B2B sector by providing cutting-edge solutions for commercial spaces, HVAC systems, and information displays.
Ultimately, LG Electronics envisions a future where it grows alongside India, emphasizing the mutual benefit of a partnership that supports the nation's rise as a global economic leader while reaffirming LG's stature as a reliable national company representing India's potential on the world stage. With a history rooted in technological innovation and consumer electronics, LG is poised to create lasting value and contribute to India's ongoing success.
Topics Consumer Products & Retail）
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