Overview

• The offer is a pure OFS of 101,815,859 existing shares by LG Electronics Inc. with no fresh issue, leaving the parent with an 85% stake post-transaction.
• Anchor bidding is scheduled for Oct. 6, public subscription runs Oct. 7–9, allotment is targeted for Oct. 10, and a BSE/NSE listing is planned for Oct. 14 subject to final clearances.
• At the upper band, the offer would raise about ₹11,605 crore and implies a valuation of up to ₹77,500 crore (about $8.7 billion) for the Indian unit.
• SEBI has cleared the IPO process, and the final prospectus was filed on Sept. 30 after an earlier pause in April due to market volatility.
• Morgan Stanley India, JPMorgan India, Axis Capital, BofA Securities India and Citigroup Global Markets India are the book-running lead managers.