LG Electronics India’s Rs 11,500 Crore IPO Coming in October—Here’s What Investors Should Know | Business News

Talks around this IPO began last year, when LG Electronics India first filed papers with SEBI in December 2024. (Getty Images)

If you have been watching the markets or planning to invest, October could bring a big opportunity. LG Electronics India, the local arm of the South Korean giant, is preparing to launch an IPO worth nearly Rs 11,500 crore. The issue could open as early as the week of October 6, according to early indications.

This public offering would peg LG India’s valuation at around $9 billion. Initially, when the company filed its draft papers last December, the expectation was closer to $15 billion. Market volatility and shifting conditions, however, have brought down the valuation.

On Thursday, the Securities and Exchange Board of India (SEBI) cleared the company’s updated draft prospectus, paving the way for a final filing next week.

Third Biggest IPO Of The Year?

LG India’s IPO is set to be the third-largest of 2025, following major listings by HDB Financial Services and Hexaware Technologies earlier this year.

Collectively, new listings this year have already raised over $10 billion. Still, discussions are ongoing, and the size or launch date of LG’s offering could change.

In The Works Since 2024

Talks around this IPO began last year, when LG Electronics India first filed papers with SEBI in December 2024. At the time, the plan was to sell 10.18 crore shares—about 15% stake—of the company.

Although SEBI approved the plan in March, the listing was delayed due to market instability. Last month, LG filed an updated draft prospectus, moving the process forward.

India’s IPO Boom

This comes at a time when India’s IPO market is buzzing. September has already set records: for the first time in nearly 30 years, over 25 companies lined up for mainboard listings in a single month.

The last time such a frenzy was seen was in 1997, when 28 companies went public. Together, September’s IPOs are expected to raise more than Rs 12,000 crore.

Big Names To Watch

Alongside LG Electronics India, several major players are expected to hit the market soon, including Tata Capital, NSE, Hero FinCorp, and digital-first companies such as Groww, PhonePe, Meesho, Shadowfax, and WeWork India.

SMEs are also crowding the IPO calendar, with nearly 50 issues opening between late September and early October.