LG Electronics India plans to launch IPO: Will raise ₹12,582 crore from IPO, Bank of America and JP Morgan chosen as IPO managers

South Korea's LG Electronics is going to bring an Initial Public Offering (IPO) of its Indian unit. According to a Bloomberg report, LG Electronics India Private Limited can raise around $1.5 billion (i.e. Rs 12,582 crore) from the IPO. The big banks that LG Electronics has chosen to manage this IPO include Bank of America, Citigroup, JPMorgan Chase & Co., and Morgan Stanley. The IPO may come in early 2025 next year According to sources, this IPO may come in early 2025 next year. When the shares will be listed after the IPO of $100-150 million, the valuation of LG Electronics India Private Limited could be around $13 billion. LG Electronics is bringing this IPO as a strategy as the company has set a target of $75 billion in electronics revenue by 2030 and it is part of efforts to bring the consumer electronic business back on track. These things were said by the company's CEO William Cho in an interview with Bloomberg Television in August. The parent South Korean company has selected banks for the IPO of LG Electronics. Apart from this, some more banks can also be selected. According to the information, this IPO can be of $ 100-150 million, but sources also say that there can be a change in it now. The company will file papers with SEBI next month for the IPO. Apart from this, there is talk of bringing it next year, but there can be a change in this as well. According to the information, the company can file draft papers with market regulator SEBI next month for this IPO. India is increasingly attracting global investors because there is a lot of scope for growth here. Hyundai Motor is also preparing to list its Indian unit here. According to a Bloomberg report, Hyundai's IPO could prove to be India's largest IPO.

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