LG Electronics India's Rs 11,607 Crore IPO: Anchor Investors Show Strong Interest
LG Electronics India Ltd. has raised Rs 3,475 crore from 149 anchor investors, allocating 3.04 crore shares at Rs 1,140 each. The company's Rs 11,607 crore IPO is set to open on October 7 and close on October 9, with a price band of Rs 1,080 - Rs 1,140 per share. The IPO comprises an offer for sale of 10.18 crore equity shares by the South Korean parent company. LG Electronics India is a market leader in various home appliance segments and reported a profit of Rs 1,511 crore in fiscal 2024.
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LG Electronics India Ltd. has kicked off its initial public offering (IPO) process with a strong start, raising Rs 3,475 crore from anchor investors ahead of its Rs 11,607 crore IPO. This development signals significant interest from institutional investors in the consumer electronics giant's public offering.
Anchor Investment Highlights
- Total Raised: Rs 3,475 crore
- Shares Allotted: 3.04 crore
- Price per Share: Rs 1,140
- Number of Anchor Investors: 149
Key Anchor Investors
| Investor | Allocation Percentage |
|---|---|
| SBI Large & Midcap Fund | 4.60% |
| INQ Holding LLC | 3.90% |
| Government of Singapore | 3.40% |
| Government Pension Fund Global | 3.00% |
Other notable participants include Goldman Sachs and Blackrock Global Funds.
IPO Details
- Offer Size: Up to 10.18 crore equity shares
- Price Band: Rs 1,080 - Rs 1,140 per share
- IPO Open Date: October 7
- IPO Close Date: October 9
The IPO comprises an offer for sale by the South Korean parent company, LG Electronics Inc., which will offload 10.2 crore shares through this public offering.
Company Overview
LG Electronics India has established itself as a market leader in several home appliance and entertainment segments:
- Washing Machines
- Refrigerators
- Panel TVs
- Inverter Air Conditioners
- Microwaves
Financial Performance
| Metric | Value |
|---|---|
| Profit (Fiscal 2024) | Rs 1,511 crore |
| Dividends Paid | Rs 2,093 crore |
Q1 Performance (Fiscal 2025)
| Metric | Value |
|---|---|
| Revenue | Rs 6,409 crore |
| Profit | Rs 680 crore |
| Operating Margin | 14.94% |
The strong financial performance and market leadership positions of LG Electronics India in key consumer electronics segments appear to have attracted significant interest from anchor investors. This robust response in the anchor book may set a positive tone for the upcoming public offering.
Investors and market observers will be keenly watching the public response to this IPO, given the company's strong brand presence and financial track record in the Indian market. As always, potential investors should carefully review the offer document and consider their financial goals before making an investment decision.
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