LG Electronics to Raise $1.3B via India Unit IPO

LG Electronics is preparing to raise US$1.3 billion through the initial public offering (IPO) of its India unit, marking one of the largest international listings in India this year.

The South Korean conglomerate began taking anchor investor orders on October 6, 2025, and is targeting a listing date of October 14, 2025.

Global institutional investors including Abu Dhabi Investment Authority (ADIA), Norges Bank, GIC, BlackRock, and Fidelity International are reportedly in advanced talks to participate as anchor investors. Prominent domestic investors such as SBI Mutual Fund, ICICI Prudential Asset Management, and Nippon Life India Asset Management are also expected to join.

Key Highlights

LG Electronics targets US$1.3B IPO in India, listing on October 14
Global investors ADIA, GIC, and BlackRock likely to anchor
IPO values LG’s India arm at around US$8.7 billion

At the top end of the pricing band, LG’s India unit could be valued at around US$8.7 billion, which is notably lower than the US$15 billion valuation the company targeted in December 2024. Despite the revised valuation, the IPO signals LG’s strategic push to strengthen its manufacturing and consumer electronics presence in one of its fastest-growing global markets.

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The listing comes amid a record month for Indian IPOs, with total proceeds in October 2025 expected to surpass US$5 billion, underscoring strong investor confidence in India’s capital markets.