Overview

• The Red Herring Prospectus was filed on Sept. 30, with the price band due Oct. 1, anchor bidding on Oct. 6, and subscriptions open Oct. 7–9.
• The offer is a pure offer-for-sale of up to 10,18,15,859 existing shares, equal to 15% of LG Electronics India, with the parent retaining 85%.
• No new shares will be issued and the Indian unit will not receive proceeds, which media estimate at roughly Rs 15,000 crore (some reports cite nearer Rs 11,500 crore), implying valuations reported around $9–12.5 billion.
• SEBI granted conditional approval in March; bookrunners are Morgan Stanley, JPMorgan, Axis Capital, BofA Securities and Citigroup, with KFin Technologies as registrar.
• LG Electronics India is a leading appliances and consumer electronics player, and this listing would follow Hyundai Motor India as a major South Korean float on Indian exchanges.