On the higher finish of the value band, the buyer digital maker’s market capitalisation is at over ₹77,000 crore or $8.7 billion in contrast with LG Electronics Inc’s $8.9-billion market capitalisation on the Korean bourse.
The ₹11,607 crore challenge, which is solely a proposal on the market by its dad or mum firm, is priced at ₹1,080-1,140 per share. The difficulty is about to open for retail subscription on October 7, and shut on October 9. LG India’s income in FY25 was $2.8 billion, whereas LG Inc’s stood at $64.33 billion on the finish of 2024.
IPO Advice
Nonetheless, analysts mentioned the corporate’s valuations, measured by its Value to Earnings (PE) ratio are cheaper in comparison with its native friends.
Harsh Thakkar, analysis analyst at Samco Securities mentioned the problem seems attractively priced, making it compelling in comparison with listed friends equivalent to Whirlpool (48x P/E), IFB (59x P/E), and Orient Electrical Ltd. (49x P/E).
SBI Securities mentioned at higher value band of ₹1,140, the problem is valued at P/E(value to earnings) a number of of 35.1 occasions based mostly on the post-issue capital. “When evaluating to its closest friends, the corporate outshines them in most valuation parameters with superior return profile,” mentioned the SBI Securities word, which has assigned a ‘Subscribe’ ranking to the corporate’s IPO.
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