LG India is expected to make its stock market debut on October 14.

LG Electronics India Ltd, the local subsidiary of South Korea’s LG conglomerate, on Wednesday announced a price band of Rs 1,080–Rs 1,140 per share for its Rs 11,607 crore initial public offering (IPO).

At the upper end of the band, the company’s valuation is at about Rs 77,400 crore. The IPO will open for subscription on October 7 and close on October 9, with anchor investor bidding set for October 6, the company said in a public notice.

This will be the entry of the second South Korean company into the Indian stock market, after Hyundai Motors India Ltd debuted in October last year.

LG Electronics India IPO Details

The IPO, entirely an offer-for-sale (OFS) of 10.18 crore shares, representing about 15 per cent stake,

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