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The company is not issuing any fresh shares in the issue.
The IPO of South Korean company LG’s Indian unit LG Electronics India Limited is opening today i.e. October 7. Investors will be able to bid in it by 9 October. Retail investors can bid minimum of Rs 14,820 for this issue.
In this IPO, the current investors of the company are selling 10.18 crore shares, which has a value of Rs 15,000 crore. This will be the company’s 15% stake. The company is not issuing any fresh shares in the issue. This IPO will be open till 9 October for investors.
This is the second time that an IPO of a South Korean company is coming to the Indian stock market. In October last year, the IPO of Hyundai Motors India came and the company was listed in BSE-NSE.
How much money can you spend minimum and maximum?
LG Electronic has fixed the price band of IPO ₹ 1080 – ₹ 1140. Retail investors can do bidding for a lot of minimum, with 13 shares. If you apply for 1 lot for Rs 1 lot at the rate of Rs ₹ 1140 of IPO, then you have to invest Rs 14,820.
At the same time, retail investors can apply for maximum 13 lots or 169 shares. For this, investors will have to invest Rs 1,92,660 according to the upper prize band.
35% of the issue reserved for retail investors
The company has reserved 50% of the IPO for qualified Institutional Buyers (QIB). Apart from this, 35% share is reserved for non-institutional investors (NII).
Consumer Electronics Sector Prominent Company
LG Electronics India sells its products to B2C (Consumer) and B2B (Business) customers in India and abroad. The company manufactures and sells products such as washing machines, refrigerators, LED TV panels, inverters, air conditioners and microwaves. Its manufacturing unit is in Noida and Pune.
LG Electronics was established in 1958 as Goldstar in South Korea. Its entry in India was January 1997. By February 2025, the company works more than 2,300 employees. According to June 2025, the company generated a revenue of Rs 6,337 crore. During this, he earned a profit of ₹ 513 crore.
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Tata Group’s financial service company Tata Capital has opened up today i.e. October 6. This issue will be open for public subscription till 8 October.
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