New Delhi, Oct. 6 -- LG Electronics India is set to launch a Rs.11,605 crore initial public offering (IPO) on Tuesday, one of the largest consumer-sector listings in recent years alongside Swiggy. 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 Company's blockbuster debut revived confidence in India's consumption story.

Dhruv 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 Rs.1.1-1.2 trillion. The issue...