South Korea's LG Electronics is planning to launch the maiden IPO of its Indian unit in October. Touted to be the largest IPO of 2025 so far, the consumer electronics giant plans to sell 10.2 crore shares or 15 per cent stake worth ₹15,000 crores through the initial public offering. LG intends to launch its share sale during the first half of October. The IPO has already received the regulatory nod from Sebi following a draft red herring prospectus filed in December 2024.
This will be India’s largest IPO in 2025, following HDB Financial Services’ ₹12,500-crore issue in June. It will be the second South Korean company to tap the Indian share market following Hyundai Motors India (HMIL), which got listed in October last year after raising ₹27,870 crores in the country’s largest ever public issue.
The launch will most likely coincide with Tata Capital’s ₹17,000-crore IPO, putting it in direct contention for the year’s top spot.
So far in 2025, 49 mainboard IPOs have raised ₹71,947 crores till August 30, and several more are lined up for the coming months. This indicates a continued momentum in the primary market.
The IPO will be entirely OFS, meaning LG Electronics will not receive any proceeds from the issue. Instead, the funds will go to the selling shareholder, net of applicable taxes and expenses. The move is expected to further consolidate LG's position in the Indian consumer electronics market, where it already enjoys leadership in multiple segments.
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