{"id":1288212,"date":"2024-12-07T12:22:58","date_gmt":"2024-12-07T06:52:58","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1288212"},"modified":"2024-12-07T12:23:31","modified_gmt":"2024-12-07T06:53:31","slug":"lg-india-files-rs-15000-crore-ipo-to-sell-10-crore-shares","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/lg-india-files-rs-15000-crore-ipo-to-sell-10-crore-shares\/","title":{"rendered":"LG India Files Rs 15,000 Crore IPO To Sell 10 Crore Shares"},"content":{"rendered":"\n<p>LG Electronics India has taken a significant step by filing a Draft Red Herring Prospectus (DRHP) with the market regulator for its initial public offering (IPO). The South Korean electronics giant aims to raise \u20b915,237 crore ($1.8 billion) through an <a href=\"https:\/\/economictimes.indiatimes.com\/markets\/ipos\/fpos\/lg-electronics-india-files-for-ipo-to-sell-10-18-crore-shares\/articleshow\/116044926.cms?from=mdr\">offer<\/a> for sale by its parent company, LG Electronics Inc., signaling its commitment to expanding operations in India.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"601\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Screenshot-2024-08-27-at-10.29.25\u202fAM-1024x601-1.png\" alt=\"LG India Files Rs 15,000 Crore IPO To Sell 10 Crore Shares\" class=\"wp-image-1288218\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Screenshot-2024-08-27-at-10.29.25\u202fAM-1024x601-1.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Screenshot-2024-08-27-at-10.29.25\u202fAM-1024x601-1-300x176.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Screenshot-2024-08-27-at-10.29.25\u202fAM-1024x601-1-768x451.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Key Details of the IPO<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Shares on Offer<\/strong>: LG Electronics Inc., the promoter, will offload 10.18 crore shares in the IPO.<\/li>\n\n\n\n<li><strong>Lead Managers<\/strong>: Morgan Stanley, JP Morgan, Axis Capital, BofA Securities, and Citigroup have been appointed as Book Running Lead Managers, with KFin Technologies Limited as the registrar.<\/li>\n\n\n\n<li><strong>Comparison with Hyundai<\/strong>: LG&#8217;s IPO follows Hyundai\u2019s Indian listing, which raised $3.3 billion in October 2024.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Investment Plans in India<\/h3>\n\n\n\n<p>LG Electronics India is gearing up for significant expansion:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Third Factory in India<\/strong>: The company plans to invest \u20b95,000 crore to establish a third manufacturing facility.<\/li>\n\n\n\n<li><strong>Supplier Localization<\/strong>: To strengthen its supply chain, LG is encouraging South Korean and Chinese component suppliers to set up local plants.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Financial Performance<\/h3>\n\n\n\n<p>LG Electronics India has shown consistent growth in revenue and profitability:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue<\/strong>: \u20b96,409 crore for the quarter ending June 30, 2024, and \u20b921,352 crore for FY24, a 7% increase from the previous year.<\/li>\n\n\n\n<li><strong>Profit After Tax (PAT)<\/strong>: \u20b9680 crore in the June 2024 quarter and \u20b91,511 crore for FY24, up from \u20b91,345 crore in FY23.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Conclusion<\/h3>\n\n\n\n<p>LG Electronics India\u2019s IPO is a strategic move to strengthen its presence in the Indian market and fund its ambitious expansion plans. With robust financials and a focus on local manufacturing, the company is poised for long-term growth. Investors and industry watchers eagerly anticipate its market debut, marking another milestone in India&#8217;s IPO landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LG Electronics India has taken a significant step by filing a Draft Red Herring Prospectus (DRHP) with the market regulator for its initial public offering (IPO). The South Korean electronics giant aims to raise \u20b915,237 crore ($1.8 billion) through an offer for sale by its parent company, LG Electronics Inc., signaling its commitment to expanding [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1288218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[6656,5961],"class_list":["post-1288212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-lg","tag-lg-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LG India Files Rs 15,000 Crore IPO To Sell 10 Crore Shares - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/lg-india-files-rs-15000-crore-ipo-to-sell-10-crore-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG India Files Rs 15,000 Crore IPO To Sell 10 Crore Shares - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"LG Electronics India has taken a significant step by filing a Draft Red Herring Prospectus (DRHP) with the market regulator for its initial public offering (IPO). The South Korean electronics giant aims to raise \u20b915,237 crore ($1.8 billion) through an offer for sale by its parent company, LG Electronics Inc., signaling its commitment to expanding [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/lg-india-files-rs-15000-crore-ipo-to-sell-10-crore-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-07T06:52:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-07T06:53:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Screenshot-2024-08-27-at-10.29.25\u202fAM-1024x601-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/lg-india-files-rs-15000-crore-ipo-to-sell-10-crore-shares\/\",\"url\":\"https:\/\/trak.in\/stories\/lg-india-files-rs-15000-crore-ipo-to-sell-10-crore-shares\/\",\"name\":\"LG India Files Rs 15,000 Crore IPO To Sell 10 Crore Shares - Trak.in - Indian Business of Tech, Mobile &amp; 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