LG India IPO May Launch in September; Big Investment Plans in Andhra
LG Electronics is preparing to launch an Initial Public Offering (IPO) for its Indian unit, aiming to file the draft prospectus by September 2025 and go public by the fourth quarter of FY 2025-26, The Economic Times reported. The company is expected to raise approximately $1.7 billion through the IPO. LG had originally planned the listing for May 2025 but paused the process in April due to uncertain market conditions.
At the same time, LG Electronics India is significantly expanding its manufacturing footprint in the country. It is setting up a large 247-acre production facility in Andhra Pradesh with an investment of $600 million over the next four years. The facility will begin with air conditioner manufacturing by the end of 2026, and later add washing machines and refrigerators by 2029.
This expansion aligns with the Indian government’s push to boost domestic electronics production. The government recently approved a $2.68 billion investment plan to support electronics and semiconductor component manufacturing. LG India, which plans to create around 92,000 jobs through the Andhra project, is expected to benefit from employment-linked incentives under this scheme.
Source: Financial Express
