Overview

• The parent will sell 10.18 crore shares representing a 15% post-offer stake, with LG Electronics Inc. retaining about 85% of the Indian unit.
• At the indicated range, the share sale targets roughly ₹11,605–₹11,607 crore and implies a market valuation near ₹77,400–₹77,500 crore.
• Anchor bidding is set for Oct. 6, the IPO subscription runs Oct. 7–9, allotment is tentatively Oct. 10, and listing on the BSE and NSE is expected on Oct. 14 following SEBI clearance.
• Bids can be made in lots of 13 shares with a minimum outlay of ₹14,820 at the upper band, with a 50% QIB, 35% retail and 15% NII allocation split and 2,10,278 shares reserved for employees with a ₹108 discount.
• The offer is led by Morgan Stanley India, JPMorgan India, Axis Capital, BofA Securities India and Citigroup Global Markets India, and follows SEBI approvals and the filing of the final prospectus.