After a pause that was announced in April, LG Electronics reportedly eyes a September comeback for its Indian IPO, riding on market momentum and fresh investment in local manufacturing.
LG Electronics is considering restarting plans to list its Indian arm, with a potential public offering taking place as early as September, according to a report by The Economic Times.
The South Korean electronics giant is expected to refile its draft red herring prospectus later this year, incorporating the latest financial results. If market conditions remain favourable, the IPO could launch in the fourth quarter.
However, discussions are still ongoing, and a final decision or any comments on the matter have not been made.
Earlier, the listing process was paused in April due to concerns about market instability. At the time, LG said any move forward would depend on broader market sentiment.
The Indian IPO had previously been projected to raise up to $1.7 billion, positioning it among the country’s larger equity offerings. However, ET noted that initial investor response was cautious, particularly regarding the valuation proposed by the parent company.
Despite the IPO delay, LG Electronics has reaffirmed its long-term commitment to India. In May, the company announced plans to invest approximately $600 million over four years to build a new manufacturing facility in Andhra Pradesh, marking its third plant in the country.
India’s equity markets have shown renewed strength, with the benchmark NSE Nifty 50 Index rising roughly 12% from its March low. This market recovery has led to increased equity deal activity, particularly in block trades and follow-on share offerings.
Industry experts anticipate this momentum will extend into IPOs in the latter half of 2025, with several major listings, including billion-dollar offerings, expected to come to market.
Read more: LG Expands India Footprint With New $600M Factory In Andhra Pradesh
