LG Electronics is planning to use India as its global manufacturing hub, with an $8.73 billion valuation target. The company is set to open its $1.3 billion IPO on October 7, with a price band of 1,080 to 1,140 rupees per share. LG sees India as a manufacturing hub due to competitive labor costs and strong domestic demand. The company aims to expand premium offerings and scale into smaller cities to boost growth. The IPO joins other high-profile listings in India’s market, taking advantage of lower consumption taxes on goods like electronics. India’s primary markets are expected to see busy activity, potentially fetching $8 billion in proceeds.

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