Though it did not mention the issue size, industry sources said it is likely to be over ₹15,000 crore.
LG will be the second Korean major after Hyundai Motor India to be listed in India. At this size, it will be the fourth-largest IPO in the country after Hyundai Motor (₹27,870 crore), LIC (₹21,008 crore) and Paytm (₹18,300 crore).
The IPO will be entirely an offer for sale (OFS) of 101.8 million equity shares by the parent firm with face value of ₹10 each, with no fresh issue component, according to the DRHP.
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