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HomeMarket NewsLG Electronics India IPO to open on October 7, parent to sell over 10 crore shares
Sources told CNBC-TV18 that LG Electronics India plans to sell close to ₹11,500 crore or $1.3 billion through the sale of 15% equity from the parent company.
The Initial Public Offering (IPO) of LG Electronics India Ltd. will open for subscription on Tuesday, October 7, and close on Thursday, October 9.
The IPO will see parent company LG Electronics Inc. sell up to 10.18 crore shares in what is likely to be a complete Offer For Sale (OFS) issue.
An Offer For Sale IPO would mean that the Indian entity will not receive any proceeds from the three-day share sale.
Sources told CNBC-TV18 that LG Electronics India plans to sell close to ₹11,500 crore or $1.3 billion through the sale of 15% equity from the parent company.
Valuations are pegged at around $9 billion, down from the initial projections of $15 billion.
This also means that the two of the largest IPOs of the year, Tata Capital and LG Electronics India, will be open for subscription simultaneously for two days out of the three, as Tata Capital's over ₹15,000 crore IPO opens for subscription on October 6.
Price band for the LG Electronics India IPO is yet to be disclosed.
First Published:
Sept 30, 2025 3:43 PM
IST
