Marquie funds participating in the IPO include HSBC, ADIA, Goldum Sach NSS, Fidelity Investment, Government Pension Fund. Some domestic funds include HDFC Mutual Fund, LIC Mutual Fund, Motilal Oswal, SBI Mutual Fund, Tata Mutual Fund among others.
About the company
LG Electronics (LG), included in 1997 as a full -owned subsidiary of LG Electronics, offers the highest production in portfolio in leading home appliances and consumer electronics players (excluding mobile phones).
It is a market leader in India in multiple production categories including Washing horned machines, refrigerators, panel television, inverter air conditioner and microwaves in the Offline Falline Channel. It also offers installation and repair/maintenance services through 1,006 service centers and its distribution channel spans
35,640 B2C toward touch points. It also exports its products to 47 countries in Asia, Africa and Europe.
Axis Capital, City Group Global Markets, Morgan Stanley, JP Morgan, Bofa Securities is working as lead managers book for IPOs.
Power
The company has market shares in the home appliances and consumer electronics industry in India. Next, it has a track record of introducing innovative technologies to the needs of Indian customers.
Pan-India distribution and after-sale service network and strong production capabilities and operational efficiency by local supply chain can also be considered as its power.
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Analyzer point of view
Aditya Birla Money said, “The benefit of its technical innovations, the tasks of decades that enables better understanding of consumer behavior and the band exploring the change of choices with loyalty and value is all factors that will order evaluation.”
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