LG Electronics India has raised Rs 3,475 crore from anchor investors ahead of its IPO, which opens on October 7. The company allocated about 3.04 crore shares at Rs 1,140 apiece. The issue is completely an OFS of 10.18 crore shares with a size of Rs 11,607 crore.
Among the marquee funds who participated in the IPO include HSBC, ADIA, Goldman Sachs, Fidelity Investment, Government Pension Fund. Some of the domestic funds include HDFC Mutual Fund, LIC Mutual Fund, Motilal Oswal, SBI Mutual Fund, Tata Mutual Fund among others.
About the company
LG Electronics (LG), incorporated in 1997 as a wholly owned subsidiary of LG Electronics, offers one of the widest product portfolios amongst leading home appliances and consumer electronics players (excluding mobile phones).
It is a market leader in India across multiple product categories including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves in the offline channel. It also provides installation and repairs/maintenance services through 1,006 service centres and its distribution channel spans
across 35,640 B2C touch points. It also exports its products to 47 countries across Asia, Africa and Europe.
Axis Capital, Citigroup Global Markets, Morgan Stanley, JP Morgan, BofA Securities are acting as the book running lead managers for the IPO.
Strengths
The company has leading market share in the home appliances and consumer electronics industry in India. Further, it has a track record of introducing innovative technologies tailored to the needs of the Indian consumers.
Pan-India distribution and after-sales service network and operational efficiency through strong manufacturing capabilities and localized supply chain could also be counted as its strengths.
Analyst view
"Leveraging its technological innovations, decades of operations which enable better understanding of consumer behaviour and navigating change of preferences along with band loyalty and value are all the factors that will command valuations," said Aditya Birla Money.
Among the marquee funds who participated in the IPO include HSBC, ADIA, Goldman Sachs, Fidelity Investment, Government Pension Fund. Some of the domestic funds include HDFC Mutual Fund, LIC Mutual Fund, Motilal Oswal, SBI Mutual Fund, Tata Mutual Fund among others.
About the company
LG Electronics (LG), incorporated in 1997 as a wholly owned subsidiary of LG Electronics, offers one of the widest product portfolios amongst leading home appliances and consumer electronics players (excluding mobile phones).
It is a market leader in India across multiple product categories including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves in the offline channel. It also provides installation and repairs/maintenance services through 1,006 service centres and its distribution channel spans
across 35,640 B2C touch points. It also exports its products to 47 countries across Asia, Africa and Europe.
Axis Capital, Citigroup Global Markets, Morgan Stanley, JP Morgan, BofA Securities are acting as the book running lead managers for the IPO.
Strengths
The company has leading market share in the home appliances and consumer electronics industry in India. Further, it has a track record of introducing innovative technologies tailored to the needs of the Indian consumers.
Pan-India distribution and after-sales service network and operational efficiency through strong manufacturing capabilities and localized supply chain could also be counted as its strengths.
Analyst view
"Leveraging its technological innovations, decades of operations which enable better understanding of consumer behaviour and navigating change of preferences along with band loyalty and value are all the factors that will command valuations," said Aditya Birla Money.
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