LG Electronics Set to Make Waves with SEBI-Approved IPO!

  • Approval Secured: LG Electronics India has received the green light from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

  • Offer-for-Sale Structure: The IPO will consist entirely of an offer-for-sale (OFS) of up to 10.18 crore equity shares, representing a 15% stake by its parent company, LG Electronics Inc.

  • Financial Highlights: The anticipated IPO size is pegged at ₹15,000 crore, making it potentially India's fifth-largest IPO. The face value of each share is ₹10.

  • Market Leadership: LG Electronics India has been a dominant player in the home appliances and consumer electronics sector, holding the top position in offline sales for 13 consecutive years (2011-2023).

  • Management Team: The IPO will be managed by leading financial institutions including Morgan Stanley, JP Morgan, Axis Capital, BofA Securities, and Citigroup Global Markets.

  • Upcoming Launch: Following the approval, LG Electronics is expected to announce the IPO launch date soon, marking a significant milestone for the company in the Indian market.

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