India, Oct. 1 -- The India unit of LG Electronics Inc. has declared its IPO price band, which pegs the valuation at as much as Rs.77,500 crore.

The LG India IPO will see the South Korean white goods maker offer as many as 10.18 crore shares in a price band of Rs.1,080-1,140 apiece to raise as much as Rs.11,600 crore at the upper end, according to a stock exchange filing in Seoul. That would peg the company's valuation at Rs.77,500 crore, or about $8.7 billion.

At the peak valuation, the LG India IPO could make the company the No.1 appliance maker listed on Indian bourses by market cap.

LG Electronics India Ltd. got the regulatory approval for its updated draft red herring prospectus on 25 September and filed the final version on Tuesda...