POSTED BY: MRUNALI, OCTOBER 1, 2025

MUMBAI, 1st OCTOBER, 2025 (RMN/ MRUNALI 📞 8850212023): LG Electronics India Limited (“LGEIL” or the “Company”), the wholly owned subsidiary of LG Electronics Inc., has fixed the price band of INR 1,080/- to INR 1,140/- per Equity Share for its Initial Public Offer (IPO). The Anchor Investor Bidding Date shall be on Monday, October 6, 2025. Bid/Offer will open for subscription on Tuesday, October 7, 2025, and close on Thursday, October 9, 2025. Investors can bid for a minimum of 13 Equity Shares and in multiples of 13 Equity Shares thereafter. A discount of INR 108/- per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.

The company will sell up to 101.8 million shares—equivalent to a 15% stake—at between 1,080 rupees to 1,140 rupees apiece in the IPO, which values LG Electronics India at 774 billion rupees, according to a newspaper advertisement on Wednesday. The book-building process will start next Monday and will end on Thursday, while trading on the National Stock Exchange of India will begin October 14.

LG Electronics is listing its Indian unit amid a consumer boom in the country. To tap the demand, the company reportedly plans to double its manufacturing capacity in five years and make the country a global manufacturing hub. It is building a $600 million factory, which will start commercial operations by the end of 2026, in Sri City in the southern Indian state of Andhra Pradesh.

The company claims to have the largest distribution network among home appliances and consumer electronics makers in India, with over 35,000 sales points. Its net profit rose 45% to 22 billion rupees in the year ended March.

For complete details, please also refer to the price band advertisement dated September 30, 2025 shared as an attachment.The Offer comprises an offer for sale of up to 101,815,859 equity shares of face value of Rs. 10 each by its promoter, LG Electronics Inc.Axis Capital Limited, Citigroup Global Markets India Private Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, BofA Securities India Limited and are the book running lead managers and KFin Technologies Limited is the Registrar to the Offer. The Equity Shares are proposed to be listed on NSE and BSE.The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors and the basis of such allocation will be on a discretionary basis by our Company, in consultation with the BRLMs, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”). In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Investors (“Non-Institutional Category”) of which one-third of the Non-Institutional Category shall be available for allocation to Bidders with an application size of more than ₹ 200,000 and up to ₹ 1,000,000 and two-thirds of the Non-Institutional Category shall be available for allocation to Bidders with an application size of more than ₹ 1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Category may be allocated to Bidders in the other sub-category of Non-Institutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further, not less than 35% of the Net Offer shall be available for allocation to Retail Individual Investors (“Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter)) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the Sponsor Bank(s), as the case may be. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, see “Offer Procedure” beginning on page 443 of the RHP.

* Capitalized terms not defined herein shall have the meaning assigned to them in the red herring prospectus dated September 30, 2025 filed by LG Electronics India Limited.