The fifth largest LG India scholarship of the country will come this day, the company told the entire plan

An important update has come to light on the country’s second largest consumer electronics business LG Electronics India’s initial public offer (IPO). The Korean company company notified on Thursday that the final decision regarding the cell price (share price) of the IPO will be made within the next 6 months. The company has made it clear that there is no determination date for the launch of the IPO, but by the end of this year, a decision will be made based on the market conditions and investors demand. What did LG -electronics say? LG Electronics said in its official statement: “LG Electronics will sell a 15% stake in India. However, how much the price will now be set for this interest is not clear. The company will make this decision within the next six months.” The company also added that the listing process depends entirely on the market status and demand forecast. If the market looks stable and favorable, the IPO will be transferred. Approval was received from SEBI. At that time, however, the company postponed the IPO launch due to market volatility and valuation. The company said in an interview to the NDTV profit: “There is currently no fixed plan regarding the introduction of the IPO. We are constantly analyzing the market status and will only take steps if the right time comes.” What did the company say CFO Kim Chang Tae? LG Electronics CFO Kim Chang Tae made his stance on IPO. He said: “Given our financial structure and growing in the business, there is no pressure on the business to bring the bursary trading now.” He also said that the company focuses on two important points: the status of the stock market in India – IPO will only be brought if the market is favorable for valuation. Sufficient time to keep up with the market – the company wants it to shape itself with the demand and trend of investors. How long will the decision come? According to the latest statement on Thursday, the company said: “Details regarding IPO will be released again within 6 months, or if it is confirmed before that, information will be given at the same time.” How much can LG Electronics India have a valuation? Sources have told NDTV venues that LG Electronics could amount to India’s IPO’s possible valuation about $ 12.5 billion (about Rs 1.04 Lakh Crore). This will make it one of the biggest lists in the electronic sector of India. Preparing the listing as a second Korean company is the list of LG Electronics India, it will become the second South Korean company listed in India. Hyundai Motors India was listed in the Indian stock market earlier in October 2024. Currently in India’s electronic consumer market, LG competes with listed companies such as Havells India, Voltas, Whirlpool or India and Blue Star. After the listing, LG India will also be the same investors as these companies available. Conclusion LG Electronics India’s IPO could be a big news for Indian stock markets and investors. However, the company does not show any haste at the moment and is taking a strategy to make the surprise. The next six months will be decisive for this exchange trading, and if everything is favorable, investors can get a great chance of interest in a strong brand.