LG Electronics India’s IPO inexperienced sign from Sebi, ₹ 15000 crore will be dimension – INA NEWS

LG Electronics India IPO: LG Electronics India Restricted has received the approval of Capital Market Regulator SEBI for IPO of Rs 15,000 crore. LG Electronics India would be the second South Korean firm to enter the Indian inventory market after Hyundai Motors India Restricted in October 2024. In December 2024, LG Electronics India filed preliminary paperwork for IPO for IPO for IPO.

Below IPO, LG Electronics India’s dad or mum firm LG will promote greater than 10.18 crore shares. This is the same as 15 % stake. In accordance with the information company PTI, individuals who know the case stated that now LG Electronics India has received approval to convey its IPO from SEBI.

Solely supply on the market shall be in IPO

The corporate has not disclosed the dimensions of the general public concern, however it has been stated that the estimated dimension of the IPO is Rs 15,000 crore. This concern shall be utterly supply on the market (offs). Subsequently, LG Electronics India is not going to get any earnings from IPO. The complete quantity raised will go to the dad or mum firm.

Tata Capital Ready for NCLT approval on the merger of Tata Motors Finance, then the IPO’s draft will file

Final month, LG Electronics launched a street present for the upcoming IPO of its Indian unit. LG Electronics is a legendary firm in India House Home equipment and Client Electronics. Its merchandise are bought to each B2C and B2B prospects in India and overseas. It additionally offers set up, restore and upkeep companies for all its merchandise. Its merchandise embrace washing machines, fridges, LED TV panels, inverters, air conditioners, microwaves and many others.

Income of ₹ 64000 Crore in FY 2024

The manufacturing unit of the corporate is in Noida in Uttar Pradesh and Pune in Maharashtra. LG Electronics India had a income of Rs 64,087.97 crore in FY 2023–24. Morgan Stanley India, JP Morgan India, Axis Capital, Bofa Securities India and Citigroup World Markets India are the book-hanging lead managers for its IPO.