Earlier, the reports note that the company was looking at the April-May window for the IPO, but later decided to pause the plan on account of market volatility and global headwinds
After waiting for the market conditions to stabilise, LG Electronics is eyeing to bring the initial public offering (IPO) of its Indian unit in October. The company is looking to sell shares worth Rs 15,000 crore through the issue, as per media reports.
The reports emphasised that the company now sees October as the right window and is looking to bring the share sale in the first half of next month. It has already secured the approval from the market regulator, Securities and Exchange Board of India (Sebi) for the public issue, the reports added.
Following Hyundai’s IPO last year, this will mark the second-largest offering by a Korean company in the country as it looks to sell 15 per cent or 10.2 crore shares, the reports explained. Riding on the momentum in the domestic primary market, the company is looking to capitalise on the bullish trend. Around 30 IPOs have mobilised over Rs 60,000 crore in 2025 collectively so far.
Earlier, the reports noted that the company was looking at the April to May window for the IPO, but later decided to pause the plan on account of market volatility and global headwinds. Trade disruptions, geopolitical tensions played a key role in denting the valuations, reports added. As far as the IPO is concerned, Morgan Stanley India, Axis Capital, BofA Securities, JP Morgan India and Citigroup Global Markets India are acting as the book-running lead managers.
