LG Electronics Inc has paused preparations for the IPO of its Indian branch, LG Electronics India, due to unstable market conditions.
As reported by Bloomberg, people familiar with the matter said that LG has informed its advisors that the IPO could be delayed further.
The company may consider restarting the IPO process when the market becomes more stable. However, these talks are still ongoing, and no final decision has been made yet.
A spokesperson for LG Electronics in Seoul, South Korea, stated that the IPO process is still in progress, but they cannot confirm when it will happen. Earlier, Bloomberg had reported that the IPO could take place in May.
Sources say LG India might get a lower valuation now due to the stock market dip earlier this year.
The expected valuation could drop to between $10.5 billion and $11.5 billion, compared to the earlier estimate of up to $15 billion.
SEBI Approval Was Granted in March
LG Electronics India Ltd received approval from India’s market regulator, SEBI, in March 2025 for a ₹15,000 crore IPO.
If it goes ahead, LG Electronics India would become the second South Korean company to list on the Indian stock exchange, after Hyundai Motors India Ltd in October 2024.
LG Electronics India had filed its draft papers for the IPO with SEBI in December 2024.
LG Electronics India is a major player in home appliances and consumer electronics.
It sells products to both regular consumers (B2C) and businesses (B2B), in India and overseas.
It also offers services like installation, repair, and maintenance. Its product range includes washing machines, refrigerators, LED TVs, inverters, air conditioners, microwaves, and more.
Plan to Sell Over 10.18 Crore Shares
As part of the IPO, the parent company plans to sell over 10.18 crore shares, which makes up 15% of its stake in LG Electronics India.
While the company hasn’t officially announced the exact IPO size, it is expected to be around ₹15,000 crore.
The entire IPO will be an Offer for Sale (OFS), meaning LG Electronics India won’t receive any of the funds. All proceeds will go to the parent company.
