LG Electronics India IPO Process Underway Amid Uncertainty Over Timing

LG Electronics has confirmed that the IPO process of its Indian division is in progress, but declined to comment on when the offering will be made. The IPO, which is aimed to raise ₹15,000 crore, is supposed to finance the company's expansion in Asian and African markets, while weaning it off North America in the wake of recent U.S. tariff woes.

 

Key Highlights:

✅ IPO Details: LG Electronics will be issuing a 15% stake in its Indian business, with the proceeds to be used for regional expansion.

✅ Market Volatility: The firm is facing macroeconomic uncertainty across the world, which could affect valuation and investor sentiment.

✅ Operational Growth: LG Electronics will be setting up its third manufacturing plant in India, in Sri City, to enhance production capacity.

✅ Revenue Milestone: The firm reached its record-high revenue in India for FY24 with a 14.8% growth to $2.8 billion.

✅ Future Outlook: Experts project that LG can go back to considering IPO timing once market conditions stabilize, exercising best valuation and investor trust.

 

As the IPO process continues, LG Electronics stands ready to solidify its market footprint, guaranteeing long-term growth as well as operational excellence.

 

Source: Financial Express, Mint, CNBC TV18