LG Electronics India has received clearance from the Securities and Exchange Board of India (SEBI) for its ₹15,000 crore initial public offering (IPO). The consumer electronics giant is preparing to enter the Indian stock market, with reports suggesting that the public share sale will be launched when market conditions are favorable.
In December 2024, LG Electronics India submitted its draft red herring prospectus (DRHP) to SEBI for an initial public offering (IPO). As part of the offering, its South Korean parent company aims to sell more than 10.18 crore shares, accounting for a 15% stake. With SEBI’s approval now in place, the company is set to proceed with its public listing. The IPO is projected to be valued at around ₹1 trillion, positioning it among the largest in India.
Since the IPO is a complete offer for sale (OFS), LG Electronics India will not receive any funds from the listing. Instead, the ₹15,000 crore raised will go directly to its parent company, LG Electronics. While the company has not revealed the exact issue size, it has provided an estimated valuation. Top financial institutions, including Axis Capital, Citigroup Global Markets India, BofA Securities India, JP Morgan India, and Morgan Stanley India, have been appointed book-running lead managers to oversee the share sale.
Ahead of the IPO, LG Electronics India began conducting roadshows last month to attract potential investors. The company is dominant in India’s consumer electronics and home appliances sector, second only to Samsung. It caters to both individual and business customers, offering installation, repair, and maintenance services alongside its product lineup.
LG Electronics India produces and markets various products, including washing machines, microwaves, inverter air conditioners, LED TVs, and refrigerators. To cater to both domestic and international markets, the company operates large-scale manufacturing facilities in Pune, Maharashtra, and Noida, Uttar Pradesh.
On the financial front, LG Electronics India reported revenue of ₹64,087.97 crore for the fiscal year ending March 31, 2024. The company’s IPO follows Hyundai Motors India’s ₹27,870 crore listing last year, making LG Electronics the second South Korean firm to go public in India. With the growing interest in large-scale IPOs, LG Electronics India’s market debut is expected to attract significant investor attention.
LG Electronics India is a well-known name in the consumer electronics and home appliances industry. The company has a strong offline retail position with a diverse product portfolio. It caters to individual consumers (B2C) and business clients (B2B), reinforcing its broad market reach.
