LG’s IPO was so popular it ended up being the country’s most oversubscribed billion-dollar offering in 17 years
Prabhudas Lilladher says company's extensive distribution network, premium brand positioning ensures market leadership across categories
Stocks to watch, 14 October: Stocks like HCL Technologies, Just Dial, Anand Rathi Wealth, Landmark Cars, RBL Bank, KEC International, Lodha Developers, KFin Technologies, Oil India, Anant Raj, JD Cables, Highway Infrastructure, Tata Motors, and LG Electronics will be in focus on October 14.
The offering raised Rs 15,500 crore ($1.7 billion) — the most since Hyundai Motor India Ltd.’s record $3.3 billion deal last year
LG Electronics IPO got subscribed three times on Day 2 on the back of what is perceived as reasonable valuation based on its growth and profitability track record
From premium appliances to global exports, LG is eyeing bold moves as investors rush to grab a piece of its blockbuster IPO
LG Electronics India’s Rs 11,607 crore IPO opens for subscription today. The home appliances and consumer electronics major has raised Rs 3,474.9 crore from 149 anchor investors. The issue is entirely an offer for sale of 10.18 crore equity shares by its Korean parent, LG Electronics Inc, meaning all proceeds (excluding issue expenses) will go to the promoter. The price band is set at Rs 1,080-1,140 per share. Catch Nandita Khemka in conversation with Sanjay Chitkara, Chief Sales Officer, and Atul Khanna, Chief Accounts Officer, as they outline LG Electronics India’s post-IPO growth roadmap.
Tata Capital and LG Electronics India debut amid crowded pipeline; fund managers say hype is fading, investors are scrutinizing cash flows and valuations.
Non-Institutional Investors (NIIs) led the demand, subscribing 1.63 times, while Retail Individual Investors (RIIs) subscribed 0.68 times.
Domestic institutions have deployed about Rs 33,000 crore per week on average this year—two mega issues alone will absorb most of that
LG Electronics IPO | The public issue will open for public subscription during October 7-9, while the one-day anchor book for institutional investors will be launched on October 6.
LG Electronics IPO | Korea-based promoter LG Electronics Inc will be offloading up to 10,18,15,859 equity shares via offer-for-sale with no fresh issue component.
This values the company around $9 billion, the people said, significantly below the $15 billion it was expecting in December when the papers were filed the first time
The company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter
The investment is expected to create 1,495 direct jobs and about 10,000 indirect jobs
The South Korean company had started roadshows earlier this year to meet potential investors in the IPO, but the Indian unit might have faced a lower valuation than previously expected, said a report
Tuhin Kanta Pandey says 'enjoy the healing period' in his message to staff
LG Electronics is set to unveil a unique indoor gardening appliance at the upcoming CES 2025. It will enable users to nurture a wider variety of plants, including taller species, under a height-adjustable glowing lamp with multiple adjustable LEDs.
The South Korean company has selected the Indian bank as it moves forward with a share sale in Mumbai, the people said, asking not to be identified because the matter is private.
Any IPO would coincide with a boom in India’s capital markets. Some 189 companies aim to sell shares to raise $5.6 billion this year, making it one of the busiest markets in this space
“We believe that recent speculations stem from the high expectations the market holds for LG Electronics in India,” an LG Electronics spokesperson said
The company has announced a new business venture — innovative self-laundry service, which will be for university students, said a statement from LG Electronics India, a wholly owned subsidiary of South Korean chaebol (conglomerate) LG Electronics Inc.
Former managing director of LG Electronics India Young Lak Kim has been promoted to the position of Executive Vice President and will be joining as Korea Sales & Marketing Head
LG's Tone Free FP9s make a strong case for the title of the best true wireless earbuds under Rs 20,000.