4 hours ago
1
Upcoming IPO, LG IPO: LG Electronics, the South Korean consumer electronics giant, is all set to go public in India. The company plans to launch an initial public offering (IPO) of its Indian unit in October, aiming to raise around Rs 15,000 crore by selling a 15 per cent stake. This will be the biggest IPO of 2025 so far.
The company had initially planned to launch the IPO earlier this year but held back because of uncertain market conditions and global trade tensions. Now, with the markets looking healthier, October seems like the right time to move forward.
LG has already got the green light from the Securities and Exchange Board of India (Sebi), which approved the issue back in March after the company filed its draft prospectus in December 2024.
Add Zee Business as a Preferred Source
Top investment banks like Morgan Stanley, JP Morgan, Axis Capital, BofA Securities, and Citigroup will manage the IPO, with Kfin Technologies handling the paperwork.
Riding a Wave of IPO Activity
This launch comes at a time when India’s IPO market is buzzing. So far in 2025, nearly 30 companies have raised over Rs 60,000 crore, including HDB Financial Services, which raised Rs 12,500 crore in its own offering.
More big names like Tata Capital, Groww, Meesho, PhonePe, Boat, and Lenskart are also expected to hit the market soon, with IPOs worth Rs 70,000 crore lined up.
LG’s Stronghold in India
LG Electronics is already a household name here, especially for home appliances and consumer electronics (except mobile phones). A recent report by Redseer states that LG leads the market in terms of volume sales for the quarter ending June 2024.
The company caters to both individual customers and businesses, and offers installation, repair, and maintenance services as well. It also has one of the largest distribution networks in India, with over 36,000 retail touchpoints covering cities and rural areas alike.
English (US) ·