IPOName: LG Electronics India IPO; ListingDate: TBD (monitoring market conditions); IPOSize: ₹15,000 Cr (OFS); PriceBand: TBD; OpenDate: TBD; CloseDate: TBD; Parent: LG Electronics Inc.; OfferType: OFS (10.18 Cr shares, 15% stake); Key Managers: Morgan Stanley, JP Morgan, Axis, BofA, Citi;
Overview: Mega Listing by Household Name
LG Electronics India Ltd has received SEBI approval to launch its ₹15,000 crore IPO—but it will be structured entirely as an Offer-for-Sale (OFS) by its South Korean parent, listing a 15% stake (10.18 crore shares). No proceeds will flow to LG India; it’s a strategic valuation and exit move by the parent company. This will be the second major South Korean listing in India after Hyundai Motors. :contentReference[oaicite:0]{index=0}
Growth Engine: Leadership Amid India’s Consumer Durables
Founded in 1997, LG India has led the consumer electronics market in categories like refrigerators, washing machines, and microwaves—leading offline value sales for the past 13 years. In FY24, it posted revenue of ₹21,352 crore (up from ₹19,868 crore) and PAT of ₹1,511 crore (+12%). The company operates extensive manufacturing units in Noida and Pune, and benefits from a widespread retail and after-sales network. :contentReference[oaicite:1]{index=1}
IPO Timelines & Market Conditions
- DRHP filed in December 2024; SEBI granted approval in March 2025. :contentReference[oaicite:2]{index=2}
- Initial launch was planned for May, but was deferred due to volatility. Valuation expectations range from $10.5–11.5 B (down from earlier $15 B targets). LG will list when valuation environment is favorable. :contentReference[oaicite:3]{index=3}
- Meanwhile, LG India is expanding capacity with a new ₹5,001 crore ($600M) plant in Sri City to strengthen production capabilities ahead of listing. :contentReference[oaicite:4]{index=4}
Mobile-Friendly IPO Details Box
| IPO Name | LG Electronics India IPO |
| IPO Size | ₹15,000 Cr (OFS) |
| Stake Offered | 15% (10.18 crore shares) |
| Parent | LG Electronics Inc. |
| SEBI Approval | March 2025 |
| Planned Launch | Deferred (Pending better market conditions) |
| Manufacturing Expansion | ₹5,001 Cr plant in Sri City |
Strategic Strengths
- Strong brand leadership across home appliances with decades of trust.
- Robust financials—growing revenue and healthy profits.
- Extensive manufacturing and distribution network.
- High visibility and investor recognition expected on listing.
Key Risks to Watch
- Market volatility continues to delay IPO—timing is uncertain.
- This is an OFS—no funds are raised for LG India’s growth.
- Global volatility, tariffs, or macroeconomic shocks may affect readiness.
Final Thoughts
LG Electronics India’s IPO ranks among the most significant upcoming listings in India, offering investors access to a top-tier, trusted brand—though with nuances like no capital inflow to the firm and timing sensitivity due to market conditions. If launched in favorable markets, this mega IPO could set a benchmark for consumer durable valuations.
Stay tuned to GMPRadar.com for updates on listing dates, allocation data, GMP buzz, and post-listing performance.
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