According to the sources, this launch can be one of the largest IPO launches in history by raising funds of ₹15,000 crore approximately. With this announcement, LG Electronics is coming with probably the fifth-largest IPO including Hyundai Motors India, LIC, Paytm, and Coal India. According to the sources, Morgan Stanley, JPMorgan, Axis Capital, BofA Securities, and Citi are the lead managers of the IPO. Indian share market provides the best valuation to foreign companies. While LG Electronics had already created a strong connection in the Indian market.
LG Electronics India filed DRHP with the expectation that with 10.18 crore equity shares, they wish to see their company grow and brand image reach high. As India is one of the fastest growing markets, they are ready to experience potential growth in terms of profitability and brand image by launching an IPO in India.
Founded in 1958, Koo In-hwoi is one of the leading companies in South Korea to manufacture consumer electronics, home appliances, and mobile communications and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names to people all around the world As of June, 80% most of their revenue comes from offline business in the Indian market.
LG Electronics India reported a total revenue of Rs 6,408.8 crore, with over 78% of this coming from its home appliance and air solutions division. For the full financial year 2024, the company achieved a total revenue of Rs 21,352 crore.
