With the IPO plans on pause, LG Electronics waits for the perfect market moment, citing India’s growth and financial strength amid global uncertainty. Listing may shift beyond August.
LG Electronics has reiterated its decision to hold off on the ₹150 billion initial public offering (IPO) of its Indian subsidiary, despite earlier plans to launch it in May. Chief Financial Officer Chang-tae Kim confirmed the renewed stance during the company’s Q1 earnings call.
Kim stated that the company is in no hurry to proceed with the listing. He pointed to LG’s robust financial structure and the steady growth of its Indian operations as key reasons for the wait. The final decision, he said, will depend on favourable market conditions and optimal timing to ensure maximum strategic benefit from the IPO.
This comes after LG Electronics India filed its IPO draft with SEBI in December 2024, proposing to sell 101.8 million shares—roughly a 15 per cent stake.
While the listing was expected in May, the timeline has shifted, with sources indicating a likely move post-August, once global market disruptions linked to US tariffs begin to ease.
CEO William Cho has also postponed a planned visit to India, originally set to align with the ground-breaking of LG’s third manufacturing plant at Sri City in Andhra Pradesh.
India remains LG’s second-largest market after the US. The company leads in categories such as refrigerators, washing machines, and microwave ovens, and ranks among the top two in televisions and air conditioners.
Kim noted strong investor interest in LG’s Indian business, both from within Korea and globally. He acknowledged rising public curiosity around the IPO but stressed that the company will prioritise long-term value and timing over immediate listing pressures.
He confirmed that procedural steps for the IPO are still ongoing, but any move will be based on a comprehensive review of market conditions.
