LG Electronics India IPO: LG Electronics India Limited has received the approval of Capital Market Regulator SEBI for IPO of Rs 15,000 crore. LG Electronics India will be the second South Korean company to enter the Indian stock market after Hyundai Motors India Limited in October 2024. In December 2024, LG Electronics India filed initial documents for IPO for IPO with the IPO. Under IPO, LG Electronics India parent company LG will sell more than 10.18 crore shares. This is equal to 15 percent stake. According to the news agency PTI, people who are aware of the case said that now LG Electronics India has got approval to bring its IPO from SEBI. The IPO will remain in the IPO, only the offer for cell -related news company has not disclosed the size of the public issue, but it has been said that the estimated size is said to be Rs 15,000 crore. This issue will be completely offer for sale (offs). Therefore, LG Electronics India will not get any income from IPO. The entire amount raised will go to the parent company. Tata Capital will wait for the approval of NCLT on the merger of Tata Motors Finance, after that the IPO’s draft month will file a road show for the upcoming IPO of its Indian unit. LG Electronics is a legendary company in India Home Appliances and Consumer Electronics. Its products are sold to both B2C and B2B customers in India and abroad. It also provides installation, repair and maintenance services for all its products. Its products include washing machines, refrigerators, LED tv panels, inverters, air conditioners, microwaves etc.. In 2024, the manufacturing unit of the ₹ 64000 crore Revenusman’s manufacturing unit is in Noida and Pune in Maharashtra. LG Electronics India had a revenue of Rs 64,087.97 crore in FY 2023–24. Morgan Stanley India, JP Morgan India, Axis Capital, Bofa Securities India and Citigroup Global Markets India are the book-hanging lead managers for its IPO.
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