LG Electronics India Files DRHP with SEBI for Over Rs 15,000 Crore Public Issue

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New Delhi, December 7, 2024 – LG Electronics India has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a public issue worth over Rs 15,000 crore. The move marks the company’s ambitious step toward expanding its footprint in the Indian market and tapping into the growing investor interest in the electronics and consumer goods sector.



Public Offering Details

The proposed public issue will comprise a mix of fresh issuance of equity shares and an offer for sale (OFS) by existing shareholders. While the company has not disclosed the exact number of shares to be offered, the issue size is estimated to exceed Rs 15,000 crore. The fresh issue proceeds will primarily be used to fund the company's business expansion, research and development, and debt reduction.

Strategic Expansion Plans

With a strong presence in India for over two decades, LG Electronics aims to strengthen its position in the highly competitive consumer electronics market. The funds raised from the public offering will be allocated towards scaling up manufacturing capabilities, enhancing supply chain efficiency, and further boosting its product innovation in the home appliances, mobile, and electronics sectors.

Aiming for Strong Investor Interest

LG Electronics India’s entry into the public market comes at a time when consumer electronics and tech stocks are gaining significant traction among retail and institutional investors. The company is hopeful that the IPO will attract robust demand, given its well-established brand image and market leadership in key segments.

Next Steps and Market Outlook

The DRHP will undergo SEBI's review process, with the company expected to finalize its IPO timing and price band after receiving approval. If successful, the offering is poised to become one of the largest IPOs in the consumer electronics space in recent years, providing LG Electronics India with the necessary capital to fuel its next phase of growth in India.

As the Indian market continues to show resilience and growth, LG Electronics India’s public offering could potentially set a new benchmark for the sector.

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