Sat Dec 07 04:28:38 UTC 2024: ## LG Electronics India to Launch ₹15,237 Crore IPO
**Mumbai, India** – LG Electronics India, a subsidiary of the South Korean electronics giant LG, is preparing for an initial public offering (IPO) worth ₹15,237 crore. The company has filed draft papers with the Securities and Exchange Board of India (SEBI).
The IPO will be an Offer for Sale (OFS), with promoter LG Electronics Inc. selling 101.8 million shares. Morgan Stanley, J.P. Morgan, Axis Capital, BofA Securities, and Citigroup are acting as book-running managers for the offering.
This follows closely on the heels of Hyundai Motor’s ₹27,000 crore IPO, also from South Korea. LG Electronics India competes domestically with major players like Samsung and Whirlpool, selling a range of products including washing machines, televisions, air conditioners, and refrigerators.
First Piper 