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LG Electronics Inc. has started roadshows to meet potential investors in the initial public offering of its Indian unit, people familiar with the matter said.The South Korean company has recently kicked off the process as it moves forward with the listing plans, the people said, asking not to be identified because the matter is private. LG plans a Mumbai IPO this year, Bloomberg News has reported previously.Representatives for LG Electronics and its LG Electronics India Ltd. unit declined to comment on the roadshows.Bloomberg has also reported the IPO could raise $1 billion to $1.5 billion and value LG India at as much as $15 billion.Deliberations are ongoing and details could change, the people said.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.Another South Korean company, Hyundai Motor Co., listed its Indian unit last year, raising $3.3 billion in what was biggest IPO ever in India, helping the country become one of the world’s top markets for first-time share sales.Hyundai India is trading about 6% below its price on its October debut as enthusiasm about the stock market shows signs of waning. The Sensex Index has retreated in 2025 after nine consecutive years of gains. Meanwhile, major stock gauges in China and Hong Kong have posted double-digit increases.

Mumbai: It's official. NSE's micro-cap and small-cap indices have entered a bear market after tumbling over 20% from their peaks in 2024 with the panic deepening in the country's smaller share segments. Typically, when an index falls uninterrupted by over 20% from its highs, it is considered to be in a bear zone. Since September 27, the Nifty Smallcap 250 and Microcap 250 indices have plunged 21.4% and 20.2%, respectively, while the Nifty Midcap Index has slumped 17.7% in the same period.While the 20% decline in both the indices was touched in the past two trading sessions, many small-cap, micro-cap and penny stocks had already dropped between 30% and 80% earlier as the unrelenting foreign selling sparked one of the worst slumps in the country's stock market since March 2020. 118342305"The fall in the indices is not giving a clear picture as the majority of the individual stocks have corrected more sharply than the indices," said Aniruddha Sarkar, chief investment officer at Quest Investment Advisors.Over 100 stocks from the Smallcap and Microcap indices have tumbled 10-30% since September 27. The number of stocks that fell 30-50% was 79 and 80 from the Smallcap index and the Microcap index, respectively.

Mumbai: The sharp selloff in Indian equities in the past five months hasn't spared many of the big hitters. Some of the country's better-known individual investors have borne the brunt of the steep declines in share prices-mainly of smaller companies-with values of their equity portfolios eroding by as much as 25% since January 1 and about 30% since October 1. The value of top 10 individual investors is down by a total of nearly ₹81,000 crore since October 1 though some have managed to minimise the damage. DMart founder Radhakishan Damani has seen value of his holdings shrink by ₹64,000 crore, or 28%, since October 1, falling from ₹2.31 lakh crore to ₹1.67 lakh crore, according to primeinfobase.com data. 118342231Shares of Avenue Supermarts, his flagship company, have dropped 27%, while his second-largest investment, Trent, has plunged 32% during this period. Since October 1, the Nifty has fallen 11%, while the Nifty Midcap 150 and Nifty Smallcap indices have declined 17% and 22%, respectively, amid foreign portfolio investors (FPIs) offloading Indian equities worth over Rs 2.5 lakh crore. Beneath the surface, the damage is deeper with several smallcap and penny stocks plunging between 30% and 80%. The late Rakesh Jhunjhunwala’s family portfolio has declined 19% since October 1, excluding the recently listed Inventurus Knowledge Solutions, in which the family holds a 49.54% stake valued at Rs 14,400 crore. 118342939Including this holding, the family’s total portfolio value stood at around Rs 59,709 crore. Akash Bhanshali’s portfolio has eroded by 16% since October, with Gujarat Fluorochemicals losing 13%, while his second-largest investment, One 97 Communications (Paytm’s parent), has gained 5% during this period.Former investment banker-turned entrepreneur Hemendra Kothari has seen a 29% decline in his wealth from listed firms. His two top holdings—Alkyl Amines Chemicals and Sonata Software—have plummeted 28% and 33%, respectively, since October 1. Some investors such as Mukul Agrawal, Ashish Kacholia and Yusuffali Kader have weathered the storm and managed to limit their losses to single digits. Mukul Agrawal of Param Capital saw a 6% decline in his portfolio, aided by a 40% surge in BSE shares since October 1. His other two top holdings, Neuland Laboratories and Radico Khaitan, have remained flat during this period.