Overview

• LG Electronics is preparing to refile its draft red herring prospectus for its Indian subsidiary with updated financials, aiming to launch the IPO by September or the fourth quarter of 2025.
• The company intends to raise about $1.7 billion through the offering, positioning it among India’s largest public listings.
• Initial IPO plans were paused in April due to market volatility; since then, Indian equity markets have rebounded with the NSE Nifty50 index up nearly 12 percent from its March low.
• LG Electronics India has earmarked $600 million over four years for a new Andhra Pradesh manufacturing facility, which will begin air conditioner production by the end of 2026 in its first phase.
• Employment-linked government incentives are expected to support the Andhra Pradesh project, which is projected to generate around 92,000 jobs as part of LG’s broader expansion strategy.