Our base case valuation of LG Electronics India is implied market cap of US$14.7 billion. LGEI's valuation would need to be about US$13 billion or less in order for us to be Bullish on this IPO.
What is covered in the Full Insight:
Introduction
LG Electronics India Financial Performance
Valuation Analysis
Comparable Companies Performance
Conclusion and Recommendations
Boomeranged on Mon, 7 Apr 2025 14:22
LG Electronics India's (LGEI) IPO is now ready to go in early May 2025, raising up to $1.5 billion by offering a 15% stake. Timing of this IPO is awful with global equity markets tanking due to tariff war. LGEI's valuation is expected to be approximately $13 billion. LGEI has a 33.5% share in washing machines, 28.7% in refrigerators, 25.8% in TVs, and 19.4% in air conditioners in India.