LG Electronics India has received markets regulator - the Securities and Exchange Board of India's (Sebi's) approval for its Rs 15,000 crore initial public offering (IPO). In December 2024, LG Electronics India filed preliminary papers with Sebi for an IPO wherein the parent company will sell over 10.18 crore shares, amounting to a 15 per cent stake.
Since the public issue is completely an offer for sale (OFS), LG Electronics India will not receive any IPO proceeds. The funds raised will go to the South Korean parent. Morgan Stanley India, J P Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India are the book-running lead managers for the issue.
Morgan Stanley India, J P Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India are the book-running lead managers for the issue.
LG Electronics India is a leading player in major home appliances and consumer electronics. The company products are sold to both B2C and B2B customers in India and internationally. It also provides installation, repair, and maintenance services for all its products.
| Company Name | CMP |
|---|---|
| LG Electronics India | 1505.15 |
| Dixon Technologies | 10805.75 |
| IFB Industries | 1186.60 |
| Honeywell Automation | 30157.85 |
| Elin Electronics | 131.75 |
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