LG Electronics India to begin taking orders for $1.3 billion IPO

Group 1 - LG Electronics Inc.'s Indian unit is launching a $1.3 billion initial public offering (IPO), joining Tata Capital in a potentially record month for new listings in India [1][3] - The IPO will offer up to 101.8 million shares priced between ₹1,080 and ₹1,140, valuing LG Electronics India Ltd. at approximately ₹77,400 crore ($8.7 billion), making it the largest home-appliance maker listed in India [2][6] - The share sale indicates growing investor confidence, with Indian IPO proceeds expected to exceed $5 billion in October [3][4] Group 2 - The surge in new listings is driven by significant liquidity from domestic institutional and retail investors, with recurring investment plans attracting over $3 billion monthly in 2025 [4][5] - LG India is set to become the fourth billion-dollar IPO in India this year, following HDB Financial Services Ltd., Hexaware Technologies Ltd., and Tata Capital [6] - The offering values LG India's shares at 38 times its trailing 12-month earnings, compared to its parent company at about 14 times and local peers trading at over 50 times [8]