LG Electronics India plans to launch IPO: Will raise ₹12,582 crore from IPO, Bank of America and JP Morgan chosen as IPO managers

South Korea’s LG Electronics is going to launch an initial public offering (IPO) of its Indian unit. According to a Bloomberg report, LG Electronics India Private Limited can raise around $150 million i.e. Rs 12,582 crore from the IPO.

The major banks chosen by LG Electronics to manage this IPO include Bank of America, Citigroup, JPMorgan Chase & Co. and Morgan Stanley.

IPO may come early next year 2025

According to sources, this IPO may come in early next year 2025. After the IPO of $100-150 million, when the shares are listed, the valuation of LG Electronics India Private Limited can be around $13 billion.

The company’s revenue target is $75 billion

LG Electronics is bringing this IPO as a strategy, as the company has set a target of $75 billion electronics revenue by 2030 and this is part of the efforts to bring the consumer electronic business back on track. The company’s CEO William Cho said these things in an interview with Bloomberg Television in August.

LG India has set a target of $75 billion in electronics revenue by 2030.

The parent South Korean company has selected banks for the IPO of LG Electronics. Apart from this, some more banks can also be selected. According to the information, this IPO can be of 100-150 million dollars, but sources also say that there can be a change in it now.

The company will file papers with SEBI next month for IPO

Apart from this, there is talk of bringing it next year, but this can also change. According to the information, the company can file draft papers with market regulator SEBI next month for this IPO.

India is increasingly attracting global investors because there is a lot of scope for growth here. Hyundai Motor is also preparing to list its Indian unit here. According to a Bloomberg report, Hyundai’s IPO could prove to be India’s largest IPO.