The initial public offering of LG Electronics India Ltd received 54.02 times subscription on the final day of bidding on Thursday, driven by overwhelming participation from institutional buyers.
The Indian unit of South Korea's LG Electronics Inc. plans to double its market share in the growing refrigerator segment in 2003 by launching a slew of new models, a senior official said on Monday.
LG Electronics India made a dazzling market debut on Tuesday, ending 48 per cent higher than its issue price and surpassing its South Korean parent in market value.
LG Electronics India saw its net profit decline by 27.3 per cent due to margin pressures witnessed in the second quarter. Its net sales in the quarter marginally rose 0.9 per cent to Rs 6,170.4 crore in the July-September quarter.
The primary market is set for a busy week as two major companies, Tata Capital Ltd and LG Electronics India Ltd, gear up to launch their initial public offerings (IPOs), collectively worth more than Rs 27,000 crore.
For LG Electronics India, the Rs 11,607 crore initial public offering (IPO) is not just a fundraising exercise. The company's senior executives describe it as a step towards becoming "future-ready", showcasing financial strength while preparing for the next phase of growth in a market they see as still underpenetrated.
Sri City in Andhra Pradesh is dubbed the "Cooling City" of India, accounting for nearly 40 per cent of the air conditioners (ACs) manufactured in the country. On Tuesday, this industrial hub added one more feather to its cooling credentials. Carrier Air Conditioning and Refrigeration Ltd, the Indian arm of the oldest AC company in the world, Carrier Global, signed a deal to invest around ~1,000 crore for a new manufacturing unit at Sri City.
In a strategic move, LG Electronics has elevated K R Kim, managing director, LG Electronics India to the position of president of South West Asia LGE.
ICICI Prudential Asset Management Company has set a price band of Rs 2,061- Rs 2,165 per share for its Rs 10,600-crore initial public offering (IPO) that will open on Friday. At the upper end of the band, the country's largest asset manager will command a valuation of Rs 1.07 trillion.
With several $500 million-plus deals in the pipeline -- including ICICI Prudential AMC, Lenskart, PhonePe, Groww, PhysicsWallah, Meesho, Pine Labs, and Zepto -- investment bankers look poised for another year of hefty bonuses in 2025.
The domestic initial public offering (IPO) market is experiencing a significant surge, fuelled by the financialisation of savings, digital ease of investing, and expanding participation from both retail and institutional investors, investment bankers said on Wednesday.
Dalal Street is buzzing with excitement, as some of the most-awaited IPOs are gearing up to hit the market. While some of these big companies are planning to join the stock exchanges towards the end of 2025, others are likely to be available for trading by the first half of 2026.
'...aggressive pricing amid volatility, but these are exceptions.'
'If not bullish, volatility should be minimal.'
Consumer electronics major LG Electronics on Monday said the company would start manufacturing CDMA handsets in India next year and also plans to scale up production capacity of GSM mobile phones to 10 million from current one million by 2010.
LG Electronics India on Tuesday made three movements in its management. The company appointed Moon B Shin as deputy managing director at LG Electronics India.
The milestone crowns a record year for the domestic primary market where IPO mobilisation is set to cross Rs 1.7 trillion.
More than a third of 83 mainboard IPOs this year ended their debut sessions in the red, with losses of up to 35 per cent.
Korean major LG Electronics hopes to launch its notebook computers in India at attractive prices in anticipation of a further cut in import tariffs in the Budget for 2005-06.
Korean electronics major LG Electronics said it plans to invest Rs 100 crore (Rs 1 billion) in India in the current calendar year, and also come out with an initial public offering for which no timeframe has been set.
The company said it has tied up with Indian content providers like Ndtv.com, Hungama.com, Indiatimes.com and Zapak.com for local Indian content.
'The first time India has seen two consecutive blockbuster IPO years.'
LG Electronics on Thursday announced its foray into the cellular phone market in India with the launch of two new handsets in the high-end category and said it expects to sell 400,000 handsets during the next year.
Korean electronics giant LG will re-enter the laptop business in India with plans to launch mini notebooks by the end of this year.
After clocking $100 million in exports in 2005, LG Electronics India, on Wednesday said it would focus on developing India as a major hub for its exports to Africa, Middle East,
Korean consumer durables maker LG Electronics on Thursday said it will hire around 4,000 people in India in next three months to enhance its after-sales services in the air conditioner segment.
"As part of our mixed product strategy, we are focusing on mid and high-end phones. Of the 40 new models that we are lining up for the domestic market, 10 to 12 models will be 3G-powered with a price tag of between Rs 8,999 and Rs 35,000," Chopra told mediapersons here on Thursday.
LG Electronics said on Wednesday that it aims over three-fold increase in turnover to Rs 15,000 crore (Rs 150 billion) in the next three years due to increasing TV and mobile phone sales
Tribunal ruling in I-T's favour may open floodgates to claims against other MNCs.
LG Electronics India (Pvt) Ltd would start manufacturing CDMA mobile handsets at its Pune facility in keeping with its plan to make India a manufacturing and export hub.
LG Electronics is planning to introduce new products and also make India a "pilot market" for its home appliances business.
Could launch high-end models once 4G technology picks up in India.
The smartphone --LG GM 730-- is priced at Rs 24,000 and is based on Qualcomm's chipset and also with Windows mobile and touch screen that will offer faster email setup and download.
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