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**Summary:**

SBI Securities recommends subscribing to LG Electronics India’s upcoming Rs 11,607 crore IPO, citing the company’s market leadership, strong financial performance (superior returns profile compared to peers), and extensive manufacturing and distribution network. The IPO, an offer for sale by the parent company, is priced between Rs 1,080-1,140 per share and opens for bidding on October 7th. LG India’s local experience, consumer understanding, innovative technology adoption, and robust infrastructure contribute to its high RoE and RoCE compared to competitors.

**News Article:**

**LG Electronics India IPO: SBI Securities Recommends “Subscribe” Citing Strong Fundamentals**

**Mumbai, India** – SBI Securities has issued a “Subscribe” recommendation for the upcoming Rs 11,607 crore IPO of LG Electronics India (LGEIL), citing the company’s dominant market position, superior return profile, and robust financial performance compared to its peers. The IPO, which is entirely an offer for sale (OFS) by the parent company, Korea-based LG Electronics Inc., will open for subscription on October 7th and close on October 9th.

The price band for the IPO has been set at Rs 1,080-1,140 per share, with shares scheduled to list on the BSE and NSE on October 14th.

SBI Securities highlighted LG’s extensive 28-year experience in the Indian market, which has allowed it to tailor products to local consumer preferences. They also pointed to the company’s robust distribution and after-sales service network, including over 35,600 consumer touchpoints and a team of 13,368 engineers for installation and maintenance.

“LGEIL has one of the largest in-house production capabilities among peers in India making it a giant in the industry”, the brokerage mentioned in their note.

Financial performance was a key driver of the recommendation. In FY25, LG Electronics India reported a Return on Equity (RoE) of 36.9 percent and a Return on Capital Employed (RoCE) of 50.1 percent, significantly outperforming competitors like Havells, Voltas, Blue Star, and Whirlpool. Furthermore, EBITDA margins improved from 9.6 percent in FY23 to 12.8 percent in FY25, while PAT margins expanded from 6.8 percent to 9 percent.

While SBI Securities is positive on the IPO, potential investors are always advised to consult with certified financial advisors before making any investment decisions.

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