South Korean electronics giant LG Electronics Inc will sell shares worth up to ₹11,628 crore through the initial public offer of its India arm, in which it will offload up to 10.2 crore shares.
This values LG Electronics India at around $8.6 billion at the upper end of the price band of ₹1080-1140 per share.
On the timing of the IPO, amidst geopolitical uncertainties and volatile market conditions, Managing Director Hong Ju Jeon said that they believed there was a huge potential in the Indian market. “Thus, this is the appropriate time for us to list LG.”
He pointed out that since LG’s entry into India in 1997, “we have introduced innovative products and services tailored to the needs of Indian customers.”
“Through this IPO, we reaffirm our commitment to making for India, making in India, growing with India,” he added.
The company had obtained regulatory approval for the IPO in March but in April decided to call a halt to it, citing uncertain market conditions.
With regard to the pricing, the management said that the issue had been priced “at a very healthy discount to where some of the peers trade in India.”
“If you just think about pricing overall relative to where the business is and relative to where the peers trade, you will see that there is a very significant discount embedded…”
Investment bankers said the response to the anchor book would show a strong institutional demand. “But all categories of investors, which is local institutional investors, foreign institutional investors, they are supporting the offering in a very significant way.”
The issue is open October 7-9, while the anchor book is open October 6. Investors can bid for a minimum of 13 shares.
Published on October 1, 2025
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