LG Electronics India is not issuing new shares in the offering. Having initially filed for an IPO last December, LG Electronics had sought a listing by May, but delayed the share sale, citing market volatility. October is a busy month for IPOs in India, with non-bank lender Tata Capital's $1.75 billion issue — the country's largest this year — and shared office space provider WeWork's offering scheduled to run around the same time. The IPO also comes after the Indian tax body lowered consumption taxes on a wide range of goods including electronics to 18% from 28%, in a bid to spur demand for the lucrative festive season. LG Electronics, India's second-largest appliance maker, sells products such as refrigerators, washing machines and televisions. It competes with Whirlpool and Samsung in the domestic market, which is expected to grow 12% annually till 2029, according to consultancy firm RedSeer.