LG Electronics IPO gets regulator's nod

₹15,000-Cr Issue

- RAGHAV AGGARWAL

LG ELECTRONICS INDIA has received approval from markets regulator Securities and Exchange Board of India (Sebi) for its initial public offering (IPO), according to sources. The IPO size is likely to be around ₹15,000 crore.

The company had filed the draft red herring prospectus (DRHP) with Sebi in the first week of December.

It is likely to be the country's fifth-largest IPO after Life Insurance Corporation, Hyundai Motor India, Paytm and Coal India.

The company did not respond to queries sent by FE till the time of going to the press.