LG Electronics IPO: LG Electronics India is also going to enter the stock market soon. The veteran company making home appliances has been approved by the regulator SEBI of the stock market to bring the Interested Public Offer (IPO). The company submitted its application to SEBI on 6 December 2024. This IPO will be fully offer for sale (offs), in which its Korean parent company LG Electronics INC will sell its 10.18 crore equity stocks. LG Electronics IPO: Date and Price Bandfill Currently, IPO opening date has not been announced. Also, the information of its price band will also be done only when the IPO is close to the date of launch. It is believed that the size of the IPO can be around Rs 15,000 crore. Who will be the lead managers in the IPO? For this issue, Morgan Stanley India, JP Morgan India, Axis Capital, Bofa Securities India and Citigroup Global Markets India have been appointed as the lead managers. At the same time, Caffein Technologies Limited has been made the Registrar of the IPO. LG Electronics India’s journey and the market dominated LG Electronics India, South Korean legendary LG Electronics INC’s Indian subsidiary. It started a business in India in 1997. According to the information given in the draft paper, the company has been a pioneer in India’s home appliances and consumer electronics markets for 13 consecutive years from 2011 to 2023. According to a report by Red Cires, it is the largest market share company in the offline market of India. LG Electronics India’s major listed rival companies are Havels India, Voltas, whirlpool of India and blue stars, but in terms of revenue and per share income (EPS) in FY 2024, it was ahead of all these companies. The total revenue was Rs 21,352 crore, which was Rs 19,868.24 crore in FY 2023. At the same time, the company’s net profit increased by 12.35% to Rs 1,511.07 crore during this period, which was Rs 1,344.93 crore last year. In the June 2024 quarter, the company recorded a revenue of 6,408.80 crores and its net profit was Rs 679.65 crore. Strong network and service infrastructure LG Electronics India has the largest distribution network of 36,401 B2C touchpants in India, which extends in both urban and rural areas. The company has 949 authorized service centers, providing facilities like installation, repair and maintenance to customers. Company is working with 280 vendors, whose average relationship with the company is more than 11 years old. In the segment, LG Electronics dominates LG Electronics? LG Electronics India’s Wasting Machine, Refrigerator, Panel TV, Inverter AC and Micro -Micro -Growives Is dominated. As of June 2024, the company has its strong hold on 80% of the offline market of these products. Read this- 2 months biggest boom in the stock market, Sensex rose 1131 points, a profit of ₹ 7 lakh crore was made
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