Everything You Need to Know About the LG India IPO: GMP, Allotment Status, Details, Date, Listing Date, and More
Key information about the LG India IPO, including details on Grey Market Premium (GMP), allotment status, issue size, and price band. Learn about important dates, listing information, and how policyholders can benefit from this much-anticipated market event.
Updated : 2 months ago
LG India IPO Overview
| Attribute | Details |
|---|---|
| Company Name | LG Electronics India Pvt Ltd |
| Parent Company | LG Electronics Inc, South Korea |
| CEO | William Cho |
| IPO Status | Planned |
| IPO Issue Size | Expected to raise between $1 billion and $1.5 billion, valuing the company at around ₹12,000 crore (approximately $13 billion) |
| Expected Valuation | $13 billion |
| Amount to be Raised | $1-1.5 billion |
| Currency | USD |
| Potential Proceeds in Rupees | ₹8,400-12,600 crore |
| Banks Involved | Bank of America, JP Morgan, Morgan Stanley, Citi |
| IPO Date | Expected to open for subscription in December 2024, with specific dates to be announced |
| Filing Date | Expected to file DRHP with SEBI by next month from September 2024 |
| IPO Expected Date | Early next year |
| Price Band | ₹550 - ₹600 per share |
| Grey Market Premium (GMP) | Around ₹50-60 per share, indicating strong demand before listing |
| Minimum Investment | Approximately ₹13,750 for 25 shares (1 lot) |
| Policyholders' Benefit | Policyholders may have reserved quotas, providing a unique opportunity to participate in this IPO |
| Use of IPO Proceeds | Funds will be used for R&D expansion, developing new products, and enhancing manufacturing capabilities |
| Expected Listing Gains | Potential listing gains of up to 30%, based on market analysis and GMP trends |
| Stock Exchange Listing | Expected to be listed on major Indian stock exchanges like NSE and BSE |
| Allotment Status Check | Investors can check the allotment status on the BSE website or the registrar’s portal |
| IPO Registrars | Yet to be announced |
| Company Performance | Revenue grew 14% to 2.87 trillion won in the first half of the year, with net income up 27% |
| Growth Target | Aiming to achieve $75 billion in electronics revenue by 2030 |
| Market Sentiment | Positive, as indicated by posts on X and news coverage |
| Strategic Goals | Expand in enterprise segment to contribute 45% of sales, up from current 35% |
LG India, the subsidiary of the global electronics giant LG Corporation, is planning to go public with its initial public offering (IPO) in late 2024. This IPO is highly anticipated due to LG’s dominance in the consumer electronics space in India, especially in the home appliance, TV, and smartphone segments.
IPO Dates
The LG India IPO is expected to open for subscription in December 2024. The official dates will be announced soon after the regulatory approvals are completed.
Issue Size
The total issue size of the LG India IPO is projected to be ₹10,000 crore, with a mix of fresh issue and offer for sale (OFS). A portion of the funds will be used to strengthen the company's R&D and enhance its manufacturing capabilities.
Price Band
The price band for the LG India IPO is expected to be set between ₹550 and ₹600 per share. The final price will be determined through the book-building process.
Minimum Investment
Investors will be able to apply with a minimum lot size of 25 shares, making the minimum investment around ₹13,750 depending on the final price band.
GMP (Grey Market Premium)
The Grey Market Premium (GMP) for the LG India IPO is currently around ₹50-60 per share, indicating strong market interest. This suggests a positive outlook for the listing.
Subscription Status
Given the brand strength of LG in India, the IPO is expected to be highly oversubscribed. Institutional investors are already showing keen interest in this offering.
Use of Funds
The proceeds from the IPO will primarily be used to fund LG India’s R&D expansion and the development of new smart appliances and technologies, in line with the company's vision to become a leader in the Indian electronics market.
Listing Date
The listing date for the LG India IPO is tentatively scheduled for late December 2024, shortly after the allotment process is completed.
Why Invest in LG India IPO?
With a strong presence in the Indian market and a robust portfolio of consumer electronics, LG India is well-positioned for future growth. The IPO presents a unique opportunity for investors to participate in the company’s expansion, particularly in the smart appliance and electric vehicle segments.
Expected Listing Gains
Analysts predict that LG India IPO could offer a listing gain of up to 30%, making it one of the most attractive IPOs for investors in 2024.
How to Apply for LG India IPO?
Investors can apply for the LG India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their banks or through popular brokerage platforms such as Zerodha, Groww, and Upstox.
Conclusion
The LG India IPO is a significant event for the Indian stock market, offering investors a chance to invest in one of the leading electronics brands in the country. With strong growth prospects and a potential for high listing gains, this IPO is expected to be a major draw for both retail and institutional investors.
Frequently Asked Questions About the LG India IPO
- Who is the CEO of LG India?
The CEO of LG Electronics is William Cho, who has been leading the company since 2021. Under his leadership, LG is focusing on expanding its footprint in India and achieving a global revenue target of $75 billion by 2030. - What is the expected issue size of the LG India IPO?
The LG India IPO is expected to raise between $1 billion and $1.5 billion, valuing the company at around ₹12,000 crore (approximately $13 billion). This makes it one of the most anticipated IPOs in the Indian market. - When is the LG India IPO date?
The IPO is expected to open for subscription in December 2024. Specific dates will be announced once regulatory approvals are in place. - What is the Grey Market Premium (GMP) for the LG India IPO?
The current GMP for the LG India IPO is around ₹50-60 per share, indicating strong investor demand even before the official listing. - How can policyholders benefit from the LG India IPO?
Policyholders may have reserved quotas in the IPO, giving them a unique opportunity to participate in this highly anticipated offering. - How can I check the LG India IPO allotment status?
You can check the allotment status on the BSE website or through the IPO registrar’s portal after the allotment process is complete. - What are the expected listing gains for the LG India IPO?
Analysts predict potential listing gains of up to 30%, making this IPO one of the most attractive investment opportunities in 2024. - What is the minimum investment required for the LG India IPO?
The minimum investment will be around ₹13,750, based on a lot size of 25 shares and a price band of ₹550-600 per share. - What are the key reasons to invest in the LG India IPO?
LG India has a strong presence in the consumer electronics market, and the IPO offers a unique opportunity to invest in the company's growth, particularly in emerging segments like smart appliances and electric vehicles. - What are the potential risks associated with the LG India IPO?
As with any IPO, market fluctuations and economic conditions could impact returns. However, LG’s strong market presence and growth plans help mitigate some of these risks. - How to apply for the LG India IPO?
Investors can apply for the IPO through the ASBA facility offered by their banks or through popular brokerage platforms like Zerodha, Groww, and Upstox. - What will LG India do with the IPO proceeds?
The funds raised from the IPO will be used to enhance R&D, develop new products, and expand manufacturing capabilities, aligning with LG’s vision to lead the Indian electronics market.
