Shardul Amarchand Mangaldas & Co. (SAM) acted as Indian legal counsel to LG Electronics India Limited on its initial public offering aggregating to ₹ 11,607 crore, through an offer for sale by the Promoter Selling Shareholder, LG Electronics Inc. This is the 5th largest IPO in India in the private sector (of which SAM has advised on 3 as issuer counsel), and the first-ever IPO in India to cross the ₹ 4 lakh crore-mark in subscription.
The transaction team was led by Sayantan Dutta (Partner) and Devi Prasad Patel (Partner), and assisted by Romit Raja Srivastava (Principal Associate), Divya Dhawan (Associate), and Aryan Singh (Associate). Prashant Gupta (National Practice Head, Capital Markets) also provided strategic inputs on the transaction.
The Capital Markets team was assisted by Shruti Kinra (Partner), Rohan Sharda (Partner), and Mragank Shukla (Senior Associate) from the General Corporate team on certain IPO preparatory issues, and by Gouri Puri (Partner) on taxation-related aspects.
