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LG Electronics India Prices All-OFS IPO at Rs 1,080–1,140 for Oct. 7–9 Sale

A parent-led stake sale tests appetite in a week crowded with offerings.

Overview

  • LG Electronics Inc. will sell about 10.18 crore shares, or roughly 15% post-issue, in a pure offer-for-sale worth around Rs 11,600 crore, valuing the Indian unit near Rs 77,400 crore at the top end.
  • Anchor bidding is slated for Oct. 6, the public offer runs Oct. 7–9, tentative allotment is Oct. 10, and listing on the BSE and NSE is targeted for Oct. 14.
  • The deal lands during a heavy primary calendar expected to raise roughly Rs 27,000–30,000 crore next week, led by Tata Capital’s Rs 15,500 crore issue and WeWork India’s Rs 3,000 crore offer.
  • Executives have outlined a USD 600 million greenfield plant at Sri City, Andhra Pradesh, to expand capacity for air conditioners and other appliances, with phased operations expected by late 2026.
  • Brokerages highlight LG’s market leadership and distribution strength but flag rich pricing near 35x FY25 EPS; market observers report a positive grey market premium, which is speculative and unregulated.