LG’s India IPO Back on the Radar? Market Watch Begins Anew

LG Electronics is reportedly weighing a revival of its long-anticipated initial public offering (IPO) for its Indian subsidiary, after previously hitting pause due to market volatility. While no definitive timeline has been confirmed, the South Korean electronics giant is said to be closely monitoring conditions to ensure optimal valuation and investor appetite.

 

Key Highlights:

 

IPO plans were paused earlier in 2025 amid domestic market instability, with valuations dipping to $10.5–11.5 billion from earlier expectations of $15 billion.

Roadshows had already begun earlier this year to engage potential investors, but tepid market sentiment prompted a strategic rethink.

The IPO is expected to be a pure offer-for-sale (OFS), with LG Electronics Inc. planning to offload a 15% stake in its Indian arm—meaning no fresh capital infusion into the Indian unit.

LG Electronics India received SEBI approval in March 2025, following its draft red herring prospectus filing in December 2024.

The company remains non-committal, stating that the IPO process is “underway” but contingent on market conditions and other relevant factors.

 

India’s consumer electronics market, where LG competes with Samsung and Whirlpool, is projected to grow at 12% annually through 2029. A successful IPO could cement LG’s local dominance and unlock value for its parent company.

 

For now, investors and analysts alike are watching for signs of a formal relaunch—timing, as always, will be everything.

 

Sources: Business Standard, Moneycontrol, Business Today