In the wake of the record Rs 27,856 crore IPO of Hyundai Motor India Ltd (HMIL), the Indian subsidiary of Hyundai Motor Company, another South Korean giant, LG, is also preparing for its own big-ticket IPO in India.
Before LG Electronics India's public offering, Koo Kwang-mo, the Chairman and CEO of LG Corp, the parent conglomerate of LG Electronics, is likely to visit India this month. He is likely to seal the IPO plans and scout for possible new investment opportunities in the country during his visit.
LG Electronics India had submitted its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in December previous year, and the firm is getting ready to come out with a possible Rs 15,000 crore IPO. This will put LG Electronics India among other significant firms such as LIC, Hyundai Motors, Paytm, and Coal India that have introduced giant IPOs on India's home stock exchanges.
As per the DRHP, LG's Home Appliances and Air Solution business generated 73.77% to 78.97% of the company's revenues in 2024, and significant contribution was from products such as refrigerators, washing machines, air conditioners, and TVs, representing 33.71% to 16.31% of the overall revenue.
In her recent media column, Hong Ju Jeon, Managing Director, LG Electronics India, emphasized India's emergence as one of the fastest-growing markets for international business houses. With its robust manufacturing sector and innovation-oriented strategy, India is now a key driver of fulfilling the "Make in India" vision, further reinforcing itself as a global multinational hub.
“India is not just a gateway but a cornerstone for achieving sustainable, scalable growth on the world stage,” he wrote.
Here, the 2025 Union Budget provides a significant platform for India to create a comprehensive framework that, if effectively carried out, may spur the country's growing domestic manufacturing base and make it the world's leading manufacturing hub.
India's vision is to shift from the fifth-largest to the third-largest economy by 2027, surpassing Germany and Japan on the way.
“It not only paves the way for the economic development of the country towards becoming a developed nation by 2047, but also sets the tone for the corporations themselves to becoming global powerhouses of manufacturing with a stable and robust base capable of serving the world,” he further stated.
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