LG India’s Bankers Hauled in Higher Fees Than Tata’s Bigger IPO

Tata Capital Ltd. just completed India’s biggest initial public offering of the year but it turns out that LG Electronics India Ltd.’s smaller deal was the more lucrative job for the banks.

According to both prospectuses, LG paid about 2.26 billion rupees ($26 million) to five banks for its $1.3 billion IPO, while Tata handed 1.59 billion rupees in fees to 10 arrangers for its $1.7 billion deal. That works out to about 450 million rupees for each of LG’s banks, almost triple the average for Tata.

Both companies began trading in Mumbai this week, with Tata ...