LG Electronics India filed the Draft Red Herring Prospectus (DRHP) with the markets regulator SEBI in December last year. Chairman and CEO Koo Kwang-mo of its parent group, LG Corp, is likely to visit India this month. LG’s Home Appliances and Air Solution division generated 73.77 per cent-78.97 per cent of revenue in 2024, with refrigerators, washing machines, air conditioners, and TVs contributing 33.71 per cent to 16.31 per cent. The potential Rs 15,000 crore public offering would position LG Electronics India alongside companies like LIC, Hyundai Motors, Paytm and Coal India in launching mega IPOs on the domestic benchmark indices. The country aims to grow from the fifth largest to the third largest economy by 2027, surpassing Japan and Germany. The 2025 Union Budget presented a significant opportunity for India to lay a comprehensive framework that, if implemented, could catalyse India’s growing domestic manufacturing sector into a global manufacturing hub.
