The much-awaited Initial Public Offering (IPO) of LG Electronics India is all set to hit Dalal Street next week. The issue will open for subscription on Tuesday, October 7, and close on Thursday, October 9.
The anchor investor bidding will take place on October 6, a day before the issue opens.
Let’s take a look at the key factors of this upcoming IPO –
LG Electronics IPO: What is on offer?
The IPO is structured as a pure Offer For Sale (OFS) by the South Korean parent company, LG Electronics Inc. Through this, up to 10.18 crore shares will be offloaded in the market.
Since it is an OFS, the Indian arm of LG will not receive any funds from the three-day share sale. Instead, all proceeds after adjusting for taxes and expenses will flow directly to the selling shareholder.
LG Electronics IPO: Why this IPO matters
The core objective of this IPO is to list LG Electronics India’s equity shares on Indian stock exchanges, giving investors a chance to own a part of the household name that has been shaping the consumer electronics market in India for nearly three decades.
LG Electronics IPO: LG’s journey in India
LG Electronics entered the Indian market back in 1997, starting as a small private limited company. Fast forward to today, and the brand has become a dominant player in consumer durables from refrigerators and washing machines to air conditioners and smart TVs.
LG Electronics IPO: What are the key services provided by the company
Its offerings include installation, repair, and maintenance covering both in-warranty and out-of-warranty appliances. The brand also has Annual Maintenance Contracts (AMCs), especially for HVAC systems catering to businesses.
The company follows a quick-response “2-1-1 process”, ensuring requests are allocated within two hours, followed by immediate scheduling and engineer contact.