Market News
2 min read | Updated on March 13, 2025, 22:58 IST
SUMMARY
LG Electronics India IPO: Since the initial share sale is exclusively an offer for sale (OFS) without any fresh issue component, LG Electronics India will not get any proceeds from the IPO. The money raised will go to the South Korean parent of the company.
Although LG Electronics India's total issue size is not known, it is pegged at around ₹15,000 crore. | Image: Shutterstock
LG Electronics India IPO: Markets regulator Securities and Exchange Board of India (SEBI) has given the green light to LG Electronics India Ltd, a subsidiary of South Korean multinational conglomerate LG, to launch ₹15,000 crore initial public offer.
Although the total issue size is not known, it is pegged at around ₹15,000 crore.
Since the initial share sale is exclusively an offer for sale (OFS) without any fresh issue component, LG Electronics India will not get any proceeds from the IPO. The money raised will go to the South Korean parent.
"The price band and the offer price will be determined by our company, in consultation with the book running lead managers, on the basis of an assessment of market demand for the equity shares of face value of ₹10 each offered through the book building process," the company said in its DRHP.
Morgan Stanley India, Axis Capital, JP Morgan India, Citigroup Global Markets India, and BofA Securities India are the issue's book-running lead managers, while KFin Technologies Ltd is the registrar.
LG Electronics India is among India's largest home appliances and consumer electronics players. It sells its products to B2C and B2B clients in India and abroad. It also offers installation, maintenance, and repair services for all its products.
Its product portfolio includes refrigerators, washing machines, LED TV panels, microwaves, and inverter air conditioners. The company's manufacturing facilities are located in Noida and Pune.
LG Electronics India had posted a revenue from operations of ₹21,352 crore for the financial year 2023-24.
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