LG Electronics IPO
LG Electronics IPO
LG Electronics India Ltd. is a leading market player in the consumer electronics and home appliances market, holding over 80% market share for the six months ended June 30, 2024, according to a Redseer report. The company manufactures and sells a wide range of electronic products (excluding mobile phones) such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves. It operates on both B2B and B2C models, domestically and internationally. LG Electronics has a strong manufacturing base with two units in Noida and Pune, boasting an aggregated production capacity of 13.99 million products, and the largest after-sales service network of 949 centers across India.
Investment Timeline
🤖 Smart Analysis
*AI score is algorithmic and for educational purposes only.
🎯 Application Strategy
Action: ✅ APPLY - Strong opportunity with good risk-reward
Lots: Apply 2-3 lots or maximum affordable
⏳ Timing Advice
👍 Flexible timing - Apply by Day 3, good allotment chances
Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- The IPO is entirely an Offer for Sale, and thus, the company will not receive any proceeds. The objectives are to achieve the benefits of listing and provide liquidity to the selling shareholder (the promoter).
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