The IPO will be structured entirely as an offer for sale of up to 10.18
crore equity shares by its parent company, with each share having a face value
of ₹10.
LG Electronics India
has been the market leader in India’s home appliances and consumer electronics
sector for 13 consecutive years from 2011 to 2023 in the offline channel. The company reported a revenue of ₹21,352 crore
for fiscal 2024, up from ₹19,868.24 crore in the previous year. Profit after
tax increased by 12.35 per cent to ₹1,511.07 crore.
The company holds
dominant market positions across various product categories including washing
machines, refrigerators, televisions, air conditioners,
and microwaves. It operates through 36,401 B2C touchpoints and 949 service
centers nationwide.
Morgan Stanley India, J.P. Morgan India, Axis
Capital, BofA Securities India, and Citigroup Global Markets India are serving
as book-running lead managers for the offering, with KFin Technologies as the registrar.