LG Electronics India, which is set to launch its mega-initial public offering (IPO) next week, has seen a thumbs up by brokerage firms so far. The company will be raising a little more than Rs 11,600 crore via its primary stake sale, selling its shares in the range of Rs 1080-1,140 apiece with a lot size of 13 equity shares and its multiples thereafter. Advertisement

Nuvama Institutional Equities said that LG Electronics India, which holds market leadership across electronics, has announced $600 million capex for a third unit to expand capacity to cater to the domestic market as well as exports. The brokerage has not has not rated the issue, but noted it is valued at 35.6 times FY25 EPS at the upper range of the price band.

LG Electronics India, the Indian arm of LG Electronics, brings

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