Prime Highlight:
- LG Electronics India is launching one of the biggest IPOs of the year, seeking a valuation of up to ₹774 billion ($8.71 billion).
- The three-day IPO opens on October 7, with anchor investors allowed to bid a day earlier.
Key Facts:
- The share sale could raise ₹116 billion ($1.3 billion)for LG Electronics Inc., which will divest a 15% stake; no new shares will be issued.
- India’s IPO market is surging, with ₹910 billion already raised in 2025, surpassing the ₹770 billion collected during the same period last year.
Background
LG Electronics India is set to launch one of the biggest Initial Public Offerings (IPOs) of the year, seeking a valuation of up to ₹774 billion ($8.71 billion). The consumer appliances maker has fixed a price band of ₹1,080–₹1,140 per share, according to its public filing on Wednesday.
The three-day IPO will open for subscription on October 7, with large anchor investors allowed to bid a day earlier on October 6. At the upper price band, the share sale could raise to ₹116 billion ($1.3 billion) for its Korean parent, LG Electronics Inc., which plans to divest a 15% stake in the Indian unit. The company clarified that no new shares will be issued as part of the offering.
LG Electronics India had initially filed for its IPO in December last year and aimed for a May listing. However, the plan was delayed due to market volatility. The offering now comes at a time when India’s IPO market is buzzing, with Tata Capital and WeWork also scheduled to launch large share sales in October.
The issue is further backed by favorable market conditions, after India reduced the consumption tax on electronics and several other goods to 18% from 28%. This move is expected to boost sales during the upcoming festive season.
As India’s second-largest appliance maker, LG Electronics India competes with Whirlpool and Samsung in a market projected to grow at 12% annually until 2029, according to consultancy firm RedSeer.
So far this year, companies in India have raised nearly ₹910 billion through IPOs, higher than the ₹770 billion collected in the same period last year, data from LSEG shows.