SEBI Approves Landmark LG Electronics India IPO, Parent Puts It on Hold
LG Electronics India just got the rare go-ahead from SEBI to launch one of the biggest IPOs the country has seen—at least on paper. The South Korean giant's local arm was all set to debut with an offer for sale (OFS) of 101.8 million shares, representing a 15% stake, which could fetch a cool ₹15,000 crore. The buzz around this IPO isn’t just about size. At a projected valuation of up to $15 billion, it would make LG Electronics India a heavyweight in the listed consumer goods space, narrowing the gap with homegrown titans like Reliance and Tata.
Right when things looked ready for takeoff, though, those plans got shelved. March 2025 brought the green light from SEBI, but by April, management tapped the brakes, blaming market jitters. It’s not just cautious investors—stock market swings have kept even global names on edge in recent months, as Bloomberg first reported. Still, everyone’s watching what LG will do next, since it remains the largest consumer electronics IPO waiting in the wings.
Inside the LG Electronics India Juggernaut
LG didn’t just show up yesterday. They set up shop in India back in 1997 and haven’t looked back since. You can barely walk into an electronics store without seeing their fridges, washing machines, and TVs lining the aisles. Their offline footprint is hard to beat: about 80% of their business here flows through traditional retail channels. In an age when rival brands focus online, LG’s domination at your neighborhood electronics shop remains unshaken. Top product lines include panel TVs, inverter air conditioners, and those ever-present microwaves.
Interestingly, the IPO structure might catch some by surprise. This is not about raising new cash for LG Electronics India itself. No fresh shares will be issued—the entire IPO is an offer for sale by the South Korean parent, LG Electronics Inc. The money raised goes straight to the parent company, not the local entity. For Indian investors, it’s a unique opportunity to grab a piece of a local success story whose profits have long gone offshore.
Heavyweight investment banks are at the helm: Morgan Stanley, JP Morgan, Axis Capital, Bank of America, and Citi are working together on the deal. This IPO could put LG in the record books as only the second South Korean company after Hyundai Motors India to land on Indian stock exchanges. For global investors, it's a sign that India’s consumer market keeps pulling in the world’s biggest brands, even if the timing isn’t always perfect.
For now, LG Electronics India is playing a waiting game. Listing ambitions remain alive, aiming to boost brand visibility and give investors a tradeable stake in one of India’s consumer kings. All eyes are on what happens as market turbulence settles down—whenever that may be.