LG Electronics mulls over resuming Indian unit IPO
LG Electronics India just got the green light from SEBI for its IPO, aiming to raise ₹15,000 crore (about $1.8 billion) by selling shares owned by its South Korean parent.
There's no fresh issue—just an offer for sale of around 10.18 crore shares.
LG Electronics India has been a big name since 1997
Since 1997, LG Electronics India has been a big name in consumer electronics—think fridges, washing machines, TVs, ACs and microwaves.
The brand leads the offline market (which is about 80% of India's electronics sales), thanks to strong retail partnerships and a wide distribution network.
Listing expected on BSE and NSE in 2025
Big investment banks like Morgan Stanley, JP Morgan and Axis Bank are handling the IPO.
The listing is expected on BSE and NSE in 2025 with quotas set aside for retail (35%), institutional (60%) and non-institutional investors (15%).
On top of that, LG plans to invest $600 million in a new Andhra Pradesh factory over four years to boost local manufacturing.
After pausing earlier this year due to market swings, the company may relaunch its IPO later in 2025 if conditions stay strong—potentially making it one of India's biggest listings yet.