Upcoming IPO: LG Electronics India Submits Draft Papers For Maiden Issue
1 month ago

Upcoming IPO: LG Electronics India Submits Draft Papers For Maiden Issue

ABP News  

LG Electronics India on Friday submitted the draft papers for the maiden offer. The domestic wing of the South Korean major LG Electronics Inc filed the draft red herring prospectus for the initial public offering and industry sources stated that the issue size is likely to be more than Rs 15,000 crore. The firm in its draft papers noted, “Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India.” During the April-June period in 2024, LG Electronics India clocked an overall revenue from operations at Rs 6,408.8 crore. We intend to construct a third manufacturing unit in Andhra Pradesh to expand our manufacturing capacity to address the potential growth in demand for products,” the draft papers stated.

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History of this topic

IPO in India hits landmark as investments soar, record Rs 1.6 lakh crore raised in 2024
2 weeks, 6 days ago

IPO in India hits landmark as investments soar, record Rs 1.6 lakh crore raised in 2024

India TV News  

As investors show confidence in investing, fundraising via IPOs in India hit another landmark in 2024 as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore. Companies with large, mid, and small capitalisations tapped into the IPO route with an average issue size rising significantly from Rs 867 crore …

LG plans to set up manufacturing unit at Andhra, fears competition from parent entity
1 month ago

LG plans to set up manufacturing unit at Andhra, fears competition from parent entity

Live Mint  

New Delhi, Dec 9 LG Electronics India has plans to set up a new plant in Andhra Pradesh to boost its manufacturing capacity in the country, though it also fears competition from its South Korean parent entity. The company is supported by its parent entity, LG Electronics for various aspects of its business, including product innovations, product design, technologies for …

LG India files paper with Sebi to launch an IPO
1 month ago

LG India files paper with Sebi to launch an IPO

New Indian Express  

LG Electronics India Ltd, the Indian subsidiary of South Korea’s LG Electronics Inc., has filed draft papers with the Securities and Exchange Board of India to launch an initial public offering. With an issue size of Rs 15,000 crore, LG’s IPO would rank as the fifth largest in India’s history. The public issue is going to be offered for sale …

AP Govt. Approves Rs 8,719 Crore Manufacturing Projects in Tirupati District
1 month, 2 weeks ago

AP Govt. Approves Rs 8,719 Crore Manufacturing Projects in Tirupati District

Deccan Chronicle  

Tirupati: The Andhra Pradesh government has approved two major manufacturing projects to bolster industrial development in Tirupati district. Government Orders were issued on Tuesday for the establishment of a Rs 3,718 crore unit of the Philips Carbon Black Ltd in the Naidupeta MP Special Economic Zone and a Rs 5,001 crore plant of the LG Electronics Pvt Ltd in Sri …

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing
2 months ago

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing

Live Mint  

The primary market in India is abuzz with the much anticipated initial public offering of Swiggy Ltd to be launched on November 6. Many of India’s biggest IPOs, including Hyundai Motor India, Paytm and Reliance Power have resulted in losses for investors. Here’s a look at the five biggest IPOs which faced weak listings: Hyundai Motor India IPO Hyundai Motor …

Hyundai Motor's IPO: Should You Buy or Hold?
Trending News
2 months, 2 weeks ago

Hyundai Motor's IPO: Should You Buy or Hold?

News 18  

Hyundai Motor shares recover after a weak debut on Tuesday. The stock moved up 5.92 per cent to hit a day high of Rs 1,928.15, but closed 6 per cent lower at Rs 1,820 from their listing price on Tuesday. Several brokerage firms have initiated coverage on Hyundai Motor with different price targets, ranging from Rs 1,750 to Rs 2,472. …

Hyundai Motor India IPO: A Milestone for the Indian Stock Market
Trending News
2 months, 2 weeks ago

Hyundai Motor India IPO: A Milestone for the Indian Stock Market

Live Mint  

Hyundai Motor India's IPO is a significant milestone for the Indian stock market, showcasing its depth and liquidity. The IPO, which raised ₹27,870 crore, was oversubscribed by 6.97 times, indicating strong interest from institutional investors. However, the retail segment saw a relatively muted response, with the subscription for retail investors at 0.5 times. The IPO has sparked discussions about its …

Hyundai Motor India's IPO: A $3.3 Billion Milestone for India's Automotive Landscape
Top News
2 months, 2 weeks ago

Hyundai Motor India's IPO: A $3.3 Billion Milestone for India's Automotive Landscape

ABP News  

Hyundai Motor India's IPO opens on Tuesday, marking the largest IPO in India's history. The offering, which valued the Indian unit of South Korea's Hyundai Motor Co. at approximately $19 billion, attracted strong demand from institutional investors but was slower than expected due to retail investors' limited participation. Despite the valuation challenges, Hyundai's IPO raises Rs 27,900 crore, surpassing the …

Business News: Top Business & Stock Market Related Updates in 2 Minutes! | ABP News
3 months, 3 weeks ago

Business News: Top Business & Stock Market Related Updates in 2 Minutes! | ABP News

ABP News  

LG Electronics, the South Korean multinational conglomerate, is preparing for a significant Initial Public Offering of its Indian subsidiary. This IPO is poised to be one of the largest listings by an Indian subsidiary of a foreign company, reflecting the growing significance of the Indian market for global investors. These financial institutions will provide expertise and support in navigating the …

LG Electronics weighs India IPO to chase $75 billion goal
4 months, 2 weeks ago

LG Electronics weighs India IPO to chase $75 billion goal

Hindustan Times  

LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business. In …

LG Electronics weighs India IPO to help chase $75 billion goal
4 months, 2 weeks ago

LG Electronics weighs India IPO to help chase $75 billion goal

Live Mint  

LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business. In the first six months …

Hyundai Motor breaks sales records in India as IPO looms
6 months ago

Hyundai Motor breaks sales records in India as IPO looms

India TV News  

Hyundai Motor, South Korea's top automaker, achieved record-breaking sales in India during the first half of 2024, according to industry data released on Sunday. According to data from the Federation of Automobile Dealers Associations of India, Hyundai sold 272,207 units in India from January to June this year, up 2 per cent compared to the 266,760 units sold in the …

Hyundai: India’s biggest IPO could come from South Korean car manufacturer
6 months, 3 weeks ago

Hyundai: India’s biggest IPO could come from South Korean car manufacturer

CNN  

Hyundai Motor’s India unit sought regulatory approval on Saturday for a stock market listing in Mumbai, which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5% in the company. Hyundai, India’s second-biggest car maker behind Maruti Suzuki, will not issue new shares in the IPO, which will involve its South …

Hyundai Motor files for IPO of almost $3 billion, likely India's biggest
6 months, 3 weeks ago

Hyundai Motor files for IPO of almost $3 billion, likely India's biggest

Hindustan Times  

South Korean automaker Hyundai Motor's Indian arm filed preliminary papers with Sebi for its initial public offering in which the company will sell 142.2 million shares, as per a draft red herring prospectus. Through the IPO, the automaker is seeking to raise around $3 billion in the IPO, with a potential listing planned by the end of the year, Bloomberg …

Hyundai Motor India files paper to raise Rs 25,000 crore via IPO
6 months, 3 weeks ago

Hyundai Motor India files paper to raise Rs 25,000 crore via IPO

New Indian Express  

NEW DELHI: South Korean automaker Hyundai Motor India is said to have filed draft papers for an initial public offering for its India unit ) with capital markets regulator SEBI on Friday. According to reports, Hyundai is likely to sell 14.2 million shares or 17.5% stake in order to raise Rs 25,000 crore via this IPO which also will be …

Hyundai Motor India To File DRHP With SEBI For Potential $2.5-Billion IPO
7 months ago

Hyundai Motor India To File DRHP With SEBI For Potential $2.5-Billion IPO

ABP News  

Hyundai Motor India IPO: Hyundai Motor India's unit is preparing to file a draft red herring prospectus with the Securities and Exchange Board of India within the next two weeks, according to a report by the Economic Times. If successful, Hyundai Motor India's IPO could be among the largest in Indian history, potentially raising nearly $2.5 billion, as estimated by …

Hyundai Motor IPO: Auto Major Enlists Major Banks For Potential Listing Of Indian Unit
7 months, 2 weeks ago

Hyundai Motor IPO: Auto Major Enlists Major Banks For Potential Listing Of Indian Unit

ABP News  

Hyundai Motor IPO: The automobile firm has engaged Kotak Mahindra Bank Ltd. and Morgan Stanley as advisers for a potential initial public offering of its Indian subsidiary, according to sources familiar with the matter told news agency Bloomberg. Bloomberg News has reported that the offering could generate around $2.5 billion for Hyundai Motor India Ltd., the country’s second-largest car manufacturer. …

Hyundai Motor IPO: Automaker Still Undecided On Listing Indian Subsidiary
11 months ago

Hyundai Motor IPO: Automaker Still Undecided On Listing Indian Subsidiary

ABP News  

Hyundai Motor Corporation announced on Wednesday that it has yet to reach a decision regarding the listing of its Indian subsidiary. According to the previous report, the Hyundai Motor India IPO was slated to be launched around Diwali, spanning between September and November this year. In a regulatory filing, Hyundai Motor stated, "As a global company, we constantly review various …

From mobile phones to chips, India manufacturing enters golden era
1 year, 7 months ago

From mobile phones to chips, India manufacturing enters golden era

India TV News  

In 2018, South Korean giant Samsung inaugurated the world's largest mobile factory in India. The 35-acre facility at Sector 81 in Noida, Uttar Pradesh, saw Prime Minister Narendra Modi and South Korean President Moon Jae-in officially inaugurating it together -- placing the country firmly on the global manufacturing map. Vedanta and Foxconn signed a Memorandum of Understanding with the Gujarat …

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India
1 year, 11 months ago

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India

Firstpost  

Foxconn and Vedanta are already setting up their semiconductor fabricating plant in India and will invest $19.5 billion. However, other chip giants like TSMC, PSMC, Renesas Electronics, Intel and AMD are also looking for ways to set up factories in India. Ever since news N Chandrasekaran - chairman of the Tata group, announced that Tata Electronics will set up an …

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