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.