Table Of Contents
01
Business Overview
02
Listed Industry Peers on Stock Exchange & Stock Price Chart
03
Industry Overview
04
Key Performance Indicator
05
Financial Summary (Best viewed in web browser)
06
Objects of the Issue
07
Pre-IPO
08
IPO Details
09
IPO time lines
10
IPO Lot Size
11
Shareholding patterns
12
IPO Subscription Status ( Day 1)
Business Overview
We manufacture and sell major home appliances and consumer electronics products in India. We sell products to B2C and B2B consumers in India and outside India. We have two business segments, comprising:
(i) home appliances and air solution division covering the sale of products such as refrigerators, washing machines, air conditioners, water purifiers, dishwashers, microwave ovens, air purifiers and compressors, among others;
(ii) home entertainment division covering the sale of products such as televisions, monitors, interactive displays and information systems.
Listed Industry Peers on Stock Exchange & Stock Price Chart
| Name of the Company | Revenue from Operations for FY 2025 (₹ in million) | Earnings per Share for FY 2025 (₹) – Basic | Earnings per Share for FY 2025 (₹) – Diluted | Net Asset Value per Equity Share as at March 31, 2025 (₹) | Price / Earnings Ratio for FY 2025 | Return on Net Worth for FY 2025 (%) | Market Capitalisation as on September 26, 2025 (₹ in billion) |
|---|---|---|---|---|---|---|---|
| LG Electronics | 243,666.38 | 32.46 | 32.46 | 87.42 | [●] | 37.13 | [●] |
| Havells | 217,780.60 | 23.49 | 23.48 | 133.05 | 64.14 | 17.63 | 944.95 |
| Voltas | 154,127.90 | 25.43 | 25.43 | 197.66 | 52.68 | 12.76 | 443.29 |
| Whirlpool | 79,193.70 | 28.30 | 28.30 | 314.52 | 43.53 | 9.09 | 156.31 |
| Blue Star | 119,676.50 | 28.76 | 28.76 | 149.19 | 65.59 | 19.27 | 387.86 |
Industry Overview
India’s appliances and electronics market has grown at approximately 7% from CY2019 to CY2024 and this growth is expected to accelerate to approximately 11% from CY2024 to CY2029 driven by rising disposable incomes, growing urbanization, and increasing penetration of appliances and electronics in both urban and rural areas. The market is segmented into B2C and B2B segments. The B2C segment is characterized by expansive distribution across organized and unorganized retail, e-commerce, and exclusive brand outlets. The B2B segment is also vibrant and growing rapidly, driven by institutional demand across sectors such as hospitality, healthcare, retail, and commercial establishments.
Key Performance Indicator
| Metric | June 30, 2025 | June 30, 2024 | Fiscal 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Revenue from Operations | 62,629.38 | 64,087.97 | 243,666.38 | 213,520.00 | 198,682.39 |
| Revenue Growth (year-on-year) | (2.28) | - | 14.12 | 7.47 | - |
| Revenue from Home Appliances and Air Solutions | 49,082.30 | 50,609.38 | 182,678.57 | 156,797.49 | 150,306.78 |
| Revenue from Home Appliances and Air Solutions as % of Revenue from Operations | 78.37 | 78.97 | 74.97 | 73.43 | 75.65 |
| Revenue from Home Entertainment | 13,547.08 | 13,478.59 | 60,987.81 | 56,722.51 | 48,339.15 |
| Revenue from Home Entertainment as % of Revenue from Operations | 21.63 | 21.03 | 25.03 | 26.57 | 24.33 |
| Profit for the Period/Year | 5,132.55 | 6,796.46 | 22,033.48 | 15,110.68 | 13,449.30 |
| EBITDA | 7,162.73 | 9,580.66 | 31,101.24 | 22,248.73 | 18,951.15 |
| EBITDA Margin | 11.44 | 14.95 | 12.76 | 10.42 | 9.54 |
| Profit Margin | 8.10 | 10.51 | 8.95 | 7.01 | 6.69 |
| Return on Capital Employed | 9.10 | 18.04 | 42.91 | 45.31 | 34.38 |
| Return on Net Worth | 7.96 | 15.39 | 37.13 | 40.45 | 31.13 |
| Number of LG Brand Shops | 777 | 777 | 800 | 780 | 814 |
| Number of B2C Touch Points | 35,640 | 36,401 | 36,230 | 35,833 | 34,874 |
(₹ in million, except percentage)
Financial Summary (Best viewed in web browser)
| Particulars | June 30, 2025* | June 30, 2024* | March 31, 2025 | March 31, 2024 | March 31, 2023 |
|---|---|---|---|---|---|
| Equity Share Capital** | 6,787.72 | 1,131.29 | 6,787.72 | 1,131.29 | 1,131.29 |
| Revenue from Operations*** | 62,629.38 | 64,087.97 | 243,666.38 | 213,520.00 | 198,682.39 |
| Profit for the Period/Year | 5,132.55 | 6,796.46 | 22,033.48 | 15,110.68 | 13,449.30 |
| Restated Earnings per Equity Share – Basic^ | 7.56 | 10.01 | 32.46 | 22.26 | 19.81 |
| Restated Earnings per Equity Share – Diluted^ | 7.56 | 10.01 | 32.46 | 22.26 | 19.81 |
| Net Asset Value per Equity Share# | 94.99 | 65.06 | 87.42 | 55.04 | 63.64 |
| Total Borrowings | Nil | - | - | - | - |
| Net Worth | 64,478.48 | 44,163.40 | 59,337.45 | 37,358.21 | 43,198.20 |
(in ₹ million, except per share data)
Objects of the Issue
The Selling Shareholder will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes thereon. Our Company will not receive any proceeds from the Offer. The objects of the Offer are to (i) carry out the Offer for Sale of up to 101,815,859 equity shares of face value of ₹ 10 each by the Selling Shareholder; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Pre-IPO
N/A
IPO Details
| IPO Date | October 7, 2025 to October 9, 2025 |
|---|---|
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹1080 to ₹1140 per share |
| Lot Size | 13 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 10,18,15,859 shares (aggregating up to ₹11,607.01 Cr) |
| Employee Discount | ₹108.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 67,87,72,392 shares |
| Share Holding Post Issue | 67,87,72,392 shares |
IPO time lines
| IPO Open Date | Tue, Oct 7, 2025 |
|---|---|
| IPO Close Date | Thu, Oct 9, 2025 |
| Tentative Allotment | Fri, Oct 10, 2025 |
| Initiation of Refunds | Mon, Oct 13, 2025 |
| Credit of Shares to Demat | Mon, Oct 13, 2025 |
| Tentative Listing Date | Tue, Oct 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 9, 2025 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 13 | ₹14,820 |
| Retail (Max) | 13 | 169 | ₹1,92,660 |
| S-HNI (Min) | 14 | 182 | ₹2,07,480 |
| S-HNI (Max) | 67 | 871 | ₹9,92,940 |
| B-HNI (Min) | 68 | 884 | ₹10,07,760 |
Shareholding patterns
| Promoter Holding Pre Issue | 100% |
|---|---|
| Promoter Holding Post Issue | 85% |
IPO Subscription Status ( Day 1)
Related Posts
