'no Definitive Plans': Lg Electronics Shares Update On India Ipo, Listing

LG Electronics India Ltd connected Wednesday said nan procedures for first nationalist offering (IPO) of its Indian portion are underway but nan last determination connected nan listing portion will beryllium made based connected marketplace conditions and different applicable factors.

"No definitive plans person been confirmed astatine this time. We are intimately monitoring nan marketplace and will see a strategical timing that ensures a due valuation of nan company," an LG Electronics charismatic spokesperson stated.

Earlier successful nan day, a fewer news reports -- citing sources -- claimed that LG Electronics has paused activity connected nan first stock waste of nan India unit. The reported region comes astatine a clip erstwhile equity marketplace volatility has led homegrown e-scooter shaper Ather Energy to trim its caller stock waste size by 15 per cent and slash its target valuation by astir 44 per cent.

LG Electronics India, a subsidiary of nan South Korean conglomerate LG, received support from nan Securities and Exchange Board of India (Sebi) successful March this year, pursuing nan filing of preliminary papers successful December 2024.

As per first reports, LG was hoping to raise astir $15 cardinal done nan IPO, which included an connection for waste (OFS) from nan genitor institution intending to offload a 15 per cent liking successful its Indian operations. Although, nan wide rumor size remains undisclosed arsenic of now.

Leading book-runners, including Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities India and Citigroup Global Markets India, are presently managing nan issue.

Meanwhile, nan IPO marketplace is disconnected to a slow commencement this twelvemonth owed to nan heightened volatility crossed world banal indices.

Published on: Apr 23, 2025 7:49 PM IST