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Issue Open Date
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07-Oct-25
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Issue Closing Date
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09-Oct-25
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Application Money
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100
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Allotment Money
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Price Band
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1080
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1140
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Minimium Application No.
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13
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Issue Size (Shares)
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71334320
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Market Lot
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1
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Objective
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(i) to carry out the Offer for Sale of up to 101,815,859 equity shares of face value of ? 10 each by the Selling Shareholder aggregating up to ? [?] million;(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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15240770
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342085835
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22.4454430452005
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Qualified Institutional Buyers
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20321026
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3383621748
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166.508410943424
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Retail Individual Investors
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35561796
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126150037
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3.54734718685187
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Business Description
We are the market leader in India in major home appliances and consumer electronics (excluding mobile phones)in terms of volume for the six-month period ending June 30, 2024, as per the Redseer Report. Additionally, wehave been the number one player in this industry for 13 consecutive years (CY2011 to CY2023) as per the valuemarket share in the offline channel in India, as noted in the Redseer Report. We are also market leaders in Indiaacross multiple product categories including washing machines, refrigerators, panel televisions, inverter airconditioners, and microwaves, based on the value market share in the offline channel (which is approximately80% of the major home appliances and consumer electronics market (excluding mobile phones) in India in termsof value in the same period) for the six-month period ending June 30, 2024, according to the Redseer Report. OurCompany was incorporated in 1997 as a wholly owned subsidiary of LG Electronics, which is the leading singlebrandglobal home appliances player in terms of market share by revenue in CY2023, according to the RedseerReport. We derive several benefits from our strong parentage including the “LG” brand which was listed onInterbrand’s Top 100 Best Global Brands in 2024. Our strong parentage, access to innovative technologies andcommitment to quality, positions us as a trusted brand in India. “LG” was named as the Most Trusted Brand inIndia by Trust Research Advisory for four consecutive years (2020-2023).
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Promoter's Holding
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Total Share Capital
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678772392
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Offered to Public
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101815859
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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Address |
A-24/6
Mohan Cooperative Industrial Estate
Mathura Road
New Delhi,
Delhi,
110044
Phone : 011 40020052
Email : cs.india@lge.com
Website : www.lg.com/in/
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
Axis Capital Ltd.
BofA Securities India Ltd.
Citigroup Global Markets India Pvt Ltd.
JP Morgan India Pvt Ltd
Morgan Stanley India Co Pvt Ltd
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Promoters |
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LG Electronics Inc.
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