The Indian unit of South Korean company LG Electronics has started the process of bringing IPO. The company has filed an application with SEBI to bring IPO. Sources have given this information to CNBC TV18. LG Electronics India will sell more than 10 crore shares through the issue. This entire issue will be an offer for sale in which the parent company will sell its stake and the entire amount of the issue will go to the parent company. With the help of IPO, the company can raise $ 1.8 billion from the market. This amount is more than Rs 15 thousand crores. If the company raises this much money, then according to the size, it will be included in the top 5 IPOs of the country.
 

LG Electronics is a big name in the Indian market. The company is in the business of consumer electronics, home appliances, heating ventilation and air conditioning (HVAC) and IT hardware. Parent company LG Electronics is one of the largest electronics manufacturers in the world. This IPO is being managed by big investment banks including names like Morgan Stanley, Axis Capital and Citigroup Global. The

biggest IPO in India so far has been that of Hyundai Motors. The issue size of the company was around Rs 28 thousand crores and the issue was subscribed more than 2 times. At the same time, the size of the issue of LIC in May 2022 was more than Rs 21 thousand crores. So far, among the newly listed companies, only these two companies have been successful in raising more than Rs 20 thousand crores through the issue. At the same time, the issue of Paytm i.e. One 97 Communications was Rs 18300 crore.