LG Electronics India is gearing up to submit its revised draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), aiming for a significant ₹15,000 crore initial public offering (IPO) anticipated in early May 2025. Following the submission of the updated DRHP, industry insiders suggest that the company is targeting a market entry by the end of May. Notably, Cho Joo-wan, the CEO of LG Electronics, is expected to visit India to participate in the listing day festivities.
LG India’s IPO Journey
The Indian branch of the South Korean giant, LG Electronics, previously lodged its DRHP with SEBI on December 6, 2024. With the impending update, LG India is on track for its much-anticipated market debut.
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IPO Structure: The upcoming IPO will consist entirely of an offer for sale (OFS) involving up to 10.18 crore equity shares, with a nominal value of ₹10 each. This structure indicates that current shareholders and promoters will be divesting their stakes directly to the public.
- Market Conditions: Given the current stock market dynamics, the expected valuation for this IPO may range between ₹10,500 crore and ₹11,500 crore.
Financial Performance Overview
In terms of financial health, LG India showcased robust growth in its recent fiscal year. The company reported a revenue of ₹21,352 crore for FY24, marking a 7.5% increase compared to ₹19,868.24 crore in FY23. Additionally, net profits escalated by 12.35% year-on-year, rising to ₹1,51.07 crore from ₹1,344 crore in the previous fiscal cycle. For the first quarter of FY25, LG India achieved revenues of ₹6,408.80 crore, alongside a net profit of ₹679.65 crore.
About LG Electronics India
Established in 1997, LG Electronics India has emerged as a frontrunner in the consumer electronics, home appliances, and IT product sectors within India. As a subsidiary of LG Electronics, the company has built a strong reputation for innovation and quality.
With these developments, LG Electronics India is poised for a significant presence in the stock market, and investors are eagerly awaiting the updated DRHP as the company prepares for its public debut.
