LG Electronics India IPO Date, Review, Price and Key Information

LG Electronics India IPO is fully book build issue and it is fully offer for sale only. The entire share offering is an offer for sale of 10 crore shares.

The dates for the LG Electronics IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The LG Electronics IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the LG Electronics IPO has not been announced yet.

Registrar for this IPO is KFin Technologies Limited and lead managers for LG Electronics IPO are Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	101,815,859 Shares
Fresh Issue	-
OFS Issue	101,815,859 Shares
Issue Type	Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About LG Electronics India Limited Company

We are a market leader in India's home appliances and consumer electronics sector (excluding mobile phones), holding the number one position for 13 consecutive years (CY2011 to CY2023). As of June 30, 2024, we lead in key product categories like washing machines, refrigerators, televisions, inverter air conditioners and microwaves.

Leveraging insights into Indian consumer preferences and the innovative technology of our parent company, LG Electronics, we tailor products to meet local demands. We have spearheaded the introduction of several global technologies in India, being among the first to offer inverter air conditioners and transitioning to stainless steel tanks in water purifiers.

Our extensive distribution network includes 36,401 B2C touch points, covering urban and rural India, along with diverse retail formats. This vast reach, combined with strong brand trust and commitment to quality, solidifies our position as a leading and reliable brand in the Indian market.

LG Electronics India Limited Financial Details

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	9253.05	8498.44	8992.12	9419.24
Revenue	6408.80	21352.00	19864.59	16834.21
Profit After Tax	679.65	1511.07	1344.93	1174.73
Net Worth	4452.77	3772.25	4356.25	5500.75
Reserves and Surplus	4339.64	3659.12	4243.12	5387.62
Total Borrowing	0.00	0.00	0.00	0.00

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
22.26	40.45	55.04

Offer Objectives

The Offer comprises an Offer for Sale (OFS) of up to 101,815,859 equity shares with a face value of ₹10 each, by the Selling Shareholder, aggregating up to ₹[●] million. The company aims to achieve the benefits of listing the Equity Shares on the Stock Exchanges, enhancing visibility, brand image, and providing liquidity in India. The company will not receive any proceeds from the Offer; all proceeds will go to the Selling Shareholder after deducting Offer-related expenses and taxes.

Estimated Offer expenses amount to approximately ₹[●] million. These expenses encompass listing fees, selling commission, brokerage, fees for Book Running Lead Managers (BRLMs), legal counsel fees, Registrar to the Offer fees, Escrow Collection Bank(s) and Sponsor Bank(s) fees, processing fees for Self-Certified Syndicate Banks (SCSBs), printing, advertising, and other miscellaneous expenses.

Listing fees and statutory auditor fees (if not related to the Offer) are to be borne by the company. Other costs related to the Offer, including filing fees, book-building fees, fees to regulatory bodies, advertising, printing, underwriting commission, and fees for legal counsel and the Registrar, are to be borne by the Promoter Selling Shareholder. BRLM's legal counsel expenses and roadshow expenses will be borne by the BRLMs. The ~~estimated Offer expenses are as follows:~~estimated expenses per activities are as follows: