Major Market Update: LG Electronics India Set For Mega IPO

Following the historic listing of Hyundai Motor India Ltd. (HMIL) on the Indian stock exchange at Rs 27,856 crore, another major South Korean giant, LG's India division, is gearing up for a substantial initial public offering (IPO).

By presenting the Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) last December, LG Electronics India has made a pivotal move toward initiating its IPO. This action is anticipated to generate approximately ₹15,000 crore, potentially ranking it among the largest IPOs in the country.

The anticipated ₹15,000 crore public offering would place LG Electronics India alongside firms like LIC, Hyundai Motors, Paytm, and Coal India in the realm of significant IPO launches on domestic stock indices.

According to its DRHP, LG's Home Appliances and Air Solution segment contributed between 73.77% and 78.97% of its revenue in 2024, with products like refrigerators, washing machines, air conditioners, and TVs making up 33.71% and 16.31%.

Commenting on the announcement, Hong Ju Jeon, Managing Director, LG Electronics India, said, "India has emerged as one of the fastest-growing countries for global corporations."

"As a global manufacturing and innovation hub, it now leads the vision of “Make in India,” solidifying its role as a key driver of multinational operations. India is not just a gateway but a cornerstone for achieving sustainable, scalable growth on the world stage," he wrote.