Rs 15,000 crore in vain? LG Electronics IPO has investors worried about a Korean red flag

LG Electronics is set to launch a Rs 15,000 crore IPO in October through an offer-for-sale, sending proceeds to its Korean parent. While the company leads Indias appliance market, investors remain cautious about short-term gains, recalling Hyundai Indias disappointing debut despite long-term growth prospects.