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2h ago

LG Electronics India Prices Rs 11,607 Crore IPO for Oct. 7–9 Window

The pure offer-for-sale sets a public valuation for the India unit with the parent trimming its holding by 15%.

LG Electronics India IPO GMP
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Overview

  • LG set a price band of Rs 1,080–1,140 per share for the IPO, which opens on October 7 and closes on October 9.
  • The entire issue is a stake sale by LG Electronics Inc., with no fresh funds to the company, marking LG’s first listing outside South Korea.
  • At the stated band, the offer implies a post-issue market capitalisation of roughly Rs 73,300–77,400 crore.
  • Anchor bidding is slated for October 6 with Axis Capital, Morgan Stanley, JP Morgan, Citi and BofA as lead managers, and eligible employees receive a Rs 108 per-share discount.
  • The listing push aligns with a $600 million Sri City manufacturing project targeted to ramp up by late 2026 and lands in a busy October pipeline that includes Tata Capital and WeWork India.