LG Electronics India files IPO papers to raise ₹15,000 crore
The offering is entirely an offer for sale by the promoter, LG Electronics Inc., which plans to sell 101.8 million shares, or 15% of the equity capital.
LG India is the market leader in refrigerators, washing machines and microwave ovens, while it is the second largest in AC and amongst the top two in televisions.
LG Electronics will become the second South Korean company to launch an IPO in India. Earlier in October, Hyundai Motor India raised ₹27,870 crore through its public issue, which was oversubscribed 2.37 times. The Hyundai IPO became India's largest-ever public issue, surpassing the previous record of ₹21,008 crore set by Life Insurance Corporation of India in May 2022.
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