Upcoming LG India IPO is approaching the appreciation of the parent of South Korea

Mumbai: The market value of LG Electronics India, according to the pricing of its upcoming initial public offer (IPO), is almost on the same basis with that of his South Korean parent.

At the top of the price band, the market capitalization of the consumer electronic maker is more than £ 77,000 crore or $ 8.7 billion compared to the market capitalization of LG Electronics Inc of $ 8.9 billion on the Korean stock exchange.

The Crore number of £ 11,607, which is fully an offer for sale by its parent company, costs £ 1,080-1.140 per share. The issue will be opened for the retail subscription on October 7 and closed on 9 October. The turnover of LG India in FY25 was $ 2.8 billion, while LG Incs at the end of 2024 at $ 64.33 billion was.

IPO recommendation

Yet analysts said that the ratings of the company, measured by its price / PE) ratio, are cheaper compared to its local colleagues.

Harsh Thakkar, research analyst at Samco Securities, said that the problem appears to be attractively priced, making it mandatory compared to listed peers such as Whirlpool (48x p/e), IFB (59x p/e) and Orient Electric Ltd. (49x p/e).

SBI Securities said at the top price band of £ 1,140, ​​the problem is rated against p/e (price for the profit) several of 35.1 times based on the capital after the publication. “For comparison with his close colleagues, the company surpasses them in most appreciation parameters with a superior return profile,” said the SBI Securities Note, who has assigned a ‘subscribe’ rating to the IPO of the company.