The price band for the IPO will be announced shortly.
The company collects money from Anker investors a day prior to the IPO opening, which is on October 6.
The IPO had been in the making for some time, but the company had previously suspended plans due to volatile market conditions. The plans have now revived with the opening of the problem next week and the IPO will be one of the largest this year.
Since the IPO is completely an OFS, all collected resources go to the sales shareholder, who in this case is the Korean parent.
LG Electronics is a well -known name in India and has a strong brand reminder that goes for it, where it is a market leader in large home equipment and consumer electronics (excluding mobile phones) in terms of volume. On the basis of the company, the company in India has been a number one player in this industry. In comparison with the aforementioned industrial colleagues such as Havells India, Voltas, Whirlpool or India and Blue Star, LG Electronics India achieved the highest income from operations and profit per share (EPS) in tax 2024.
The Indian devices and the electronic market have grown by approximately 7% from Cy19 to CY24 and this growth is expected to accelerate to around 11% from Cy24 to CY29 driven by rising disposable incomes, growing urbanization and increasing penetration of applications and electronics in both urban and rural areas.
Company overview
LG sells products to B2C and B2B consumers in India and outside India. It also offers installation services and repairs and maintenance services for all our products. It is also the market leader in India in multiple product categories, including washing machines, refrigerators, panel televisions, inverter air conditioners and microwaves.
The company also operates the largest distribution network under leading household appliances and players of consumer electronics in India from June 2025. The distribution network extends over urban and national India to 35,640 B2C contact points.
IPO prospects
Given the enormous size of the IPO, investors will probably increase the offer from a long -term perspective. This was seen in the case of Hyundai, where the robust return yielded 40% since the offer. Whether the IPO will impress on geeks who are looking for short -term returns depends on the prices and the value it leaves behind.
Financial data and booking lead managers
For FY24, the company reported a turnover of RS 21,352 Crore, which marked an increase in RS 19,868.24 Crore in tax 2023. The profit after the tax in the same period rose 12% to RS 1,511.
Morgan Stanley India, JP Morgan India, Axis Capital, Bofa Securities and Citigroup Global Markets are the bookleading managers and Kfin Technologies is the registrar of the issue.
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