LG India IPO: Will Take Up To Six Months To Disclose Sale Price, Says Korean Parent
The company, which is India's second largest electronics major, had started roadshows for the IPO by February.
LG Electronics Inc. will take up to six months to disclose the sale price for its Indian unit's initial public offering. In a regulatory filing from Thursday, the Korean manufacturer said that its stake sale in LG Electronics India will be determined based on market conditions or the results of prior demand forecasts.
"Accordingly, our 15% stake in LG Electronics India Limited, our local Indian subsidiary, will be sold, but the specific sale price has not been determined," the company said.
LG Electronics India had received the market regulator's nod in March for launching its IPO, where the Korean chaebol intended to participate in a pure offer for sale.
The debut was then delayed over volatile market conditions and the company had told NDTV Profit that "no definitive plans have been confirmed at this time."
"Given our stable financial structure and the continued business progress achieved by the Indian subsidiary, we will not be pressured to list immediately," the Korean parent's Chief Financial Officer Kim Chang Tae said during the company's first quarter analyst call on April 24.
Instead, Tae had said, that the final decisions will be made upon two factors — India's market conditions to ensure a proper valuation, and an "optimal timing" to generate maximum synergy with the IPO.
On Thursday, the company said, "We will re-disclose the details when they are confirmed in the future or within six months."
The stake sale, which could originally have valued LG India at around $12.5 billion, can soften by a certain degree as stock markets remain in prolonged correction, a person aware of the matter had told NDTV Profit in May, 2025.
The company, which is the country's second largest electronics major, had started roadshows for the IPO by February.
Its listed peers include Havells India Ltd., Voltas Ltd., Whirlpool of India Ltd. and Blue Star Ltd.
A successful debut will make LG India the second South Korean company to tap the Indian stock market, following the listing of Hyundai Motors India Ltd. in October last year.
