LG Electronics India Set to File ₹15,237 Crore IPO, Among Country's Largest

The offering, a pure sale by the South Korean parent company, will include no new shares and ranks among India's top five IPOs.

LG Electronics India plans to raise ₹15,237 crore ($1.8 billion) through an initial public offering (IPO), joining the ranks of India's largest IPOs.
The IPO will be a pure offer for sale (OFS) by LG's South Korean parent, with no new shares issued as part of the offering.
Investment banks including Morgan Stanley, JP Morgan, Axis Capital, Citi, and Bank of America Securities are managing the deal.
The Indian unit reported a 12% rise in net profit to ₹1,511 crore in FY24, with significant revenue contributions from refrigerators, washing machines, televisions, and air conditioners.
India's consumer electronics market is projected to grow 12% annually over the next five years, bolstering LG's position in a competitive market.