Among the tent funds that participated in the IPO include HSBC, Adia, Goldman Sachs, Fidelity Investment, Government Pension Fund. Some of the domestic funds include HDFC Mutual Fund, Lic Mutual Fund, Motilal Oswal, SBI Mutual Fund, Tata Mutual Fund.
About the company
LG Electronics (LG), included in 1997 as a full subsidiary of LG Electronics, offers one of the widest product portfolios under leading household appliances and players of consumer electronics (excluding mobile phones).
It is a market leader in India in multiple product categories, including washing machines, refrigerators, panel televisions, inverter air conditioners and microwaves in the offline channel. It also offers installation and repairs/maintenance services via 1,006 service centers and the distribution channel overstrokes
over 35,640 B2C contact points. It also exports its products to 47 countries in Asia, Africa and Europe.
Axis Capital, Citigroup Global Markets, Morgan Stanley, JP Morgan, Bofa Securities act as the book Running Lead Managers for the IPO.
Strong points
The company has a leading market share in the household appliances and consumer electronics industry in India. Furthermore, it has a track record in the introduction of innovative technologies that are tailored to the needs of Indian consumers. Pan-India distribution and after-sales service network and operational efficiency due to strong production options and localized supply chain can also be counted as strengths.
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“Using his technological innovations, decades of operations that make a better understanding of consumer behavior possible and navigating change of preferences together with bandloyality and value are all the factors that will recommend ratings,” said Aditya Birla Money.
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