Upcoming LG India IPO nears valuation of South Korea parent

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LG Electronics India's upcoming IPO values the company at $8.7 billion, nearly matching its South Korean parent's market capitalization. Priced at ₹1,080-1,140 per share, analysts find its 35.1x P/E ratio attractive and cheaper than local peers like Whirlpool and IFB. SBI Securities has assigned a 'Subscribe' rating due to its superior return profile.