LG Electronics India Limited, the Indian subsidiary of South Korea-based LG Electronics Inc., launched its initial public offering (IPO) aggregating ₹1,16,047.32 million through an offer for sale (OFS) by its parent entity.

The IPO became India’s most-subscribed large-cap issue, recording over 54× subscription and bids worth ₹4.4 lakh crore, underscoring immense investor confidence.

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The issue saw strong participation from global institutions and sovereign funds, including the Abu Dhabi Investment Authority (ADIA), Government of Singapore Investment Corporation (GIC), and Norwegian Government Pension Fund, which together anchored a substantial portion of the offering.

LG Electronics India manufactures and markets consumer electronics and appliances such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves, and remains one of the leading electronics brands in India.

Legal Advisory by Cyril Amarchand Mangaldas (CAM)

Cyril Amarchand Mangaldas advised the underwriters — Axis Capital Limited, Citigroup Global Markets India Private Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, and BofA Securities India Limited.

Transaction Team

• Gokul Rajan, Partner (Regional Co-Head – Capital Markets North)

• Puneet Passi, Partner

• Aniran Ghoshal, Principal Associate

• Priyanka Khetwal, Senior Associate

• Ayushi Tiwari, Senior Associate

• Abishek Sankar, Associate

• Arnab Roy, Associate

• Shvabh Chakarwarti, Associate

• Avni Srivastava, Associate

Legal Advisory by Shardul Amarchand Mangaldas & Co (SAM)

Shardul Amarchand Mangaldas & Co acted as Indian legal counsel to LG Electronics India Limited.

Transaction Team

• Sayantan Dutta, Partner

• Prashant Gupta, Partner

• Devi Prasad Patel, Partner

• Romit Raja Srivastava, Principal Associate

• Divya Dhawan, Associate

• Aryan Singh, Associate

Legal Advisory by Latham & Watkins LLP

Latham & Watkins LLP acted as international legal counsel to LG Electronics India on the IPO.

Transaction Team

• Rajiv Gupta, Partner

• Steve Kang, Partner

• Diona Park, Counsel

• Esha Goel, Associate

• Bijun Huang, Associate

• Jeffy Katio, Associate

Assisted by:

• Su Bin Lee, Foreign legal consultant
• Rene de Vera, Partner
• Aaron Bernstein, Partner
• Valerie Silva, Associate

Legal Advisory by White & Case LLP

White & Case LLP advised the Book Running Lead Managers (BRLMs) on the transaction.

Transaction Team

• Rahul Guptan, Partner (London)

• Kaya Proudian, Partner (Singapore)

• Dongho Lee, Partner (Seoul)

• Steven Gee, Partner (New York)

Supported by:

• James Hsiao, Local Partner (Hong Kong)
• Ji Yang Lim, Associate (Singapore)
• Stephanie Zhao, Associate (Singapore)
• Yuning Zhou, Associate (Hong Kong)
• Royston Tan, Associate (Hong Kong)
• Daniel Park, Associate (New York)
• Jiawei Zheng, Associate (Mexico)

Strategic Significance

• The IPO’s record subscription levels make it the most sought-after large-cap issue in Indian market history.

• The successful listing further cements India’s capital market resilience amid global volatility.

• It marks a milestone transaction for cross-border collaboration, engaging four top-tier global law firms.

Also Read: Vitruvian Partners invests ₹800 crore in Hiranandani Financial Services | CAM advises

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Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions