As per the people familiar with the matter, LG Electronics Inc. has kicked off its roadshows to meet potential investors in the initial public offering of its Indian unit.

The people said, requesting for anonymity, this South Korean company has recently kicked off the process as it plans to move forward with the listing plans. Bloomberg News has reported previously, LG plans a Mumbai IPO this year. Representatives for LG Electronics and its LG Electronics India Ltd. unit have declined to comment on the roadshows.

Bloomberg has also reported the IPO could raise about USD 1 billion to USD 1.5 billion and value LG India at as much as USD 15 billion. Furthermore, the people said deliberations are ongoing and details could change. According to a prospectus filed in December, LG plans to sell as many as 101.82 million shares. Axis Capital Ltd., Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley are helping to manage the IPO.

Hyundai Motor Co., which is another South Korean company, listed its Indian unit last year, raising USD 3.3 billion in what was the biggest IPO ever in India. This aided the country to become one of the world’s top markets for first-time share sales.

Currently, Hyundai India is trading about 6 percent below its price on its October debut as enthusiasm about the stock market dwindles. Also to note, the Sensex Index has retreated in 2025 after nine consecutive years of gains. While at the same time, major stock gauges in China and Hong Kong have posted double-digit upsurge.