JSA advised HDFC Bank Limited and BOB Capital Markets Limited in relation to initial public offering of equity shares by IRM Energy Limited, aggregating to ₹ 5,443.63 million (“IPO”) through a fresh issue of equity shares. As per news reports, the IPO was oversubscribed 27 times, with the NIIs category being oversubscribed by 48.34 times, the QIB portion being oversubscribed 44.73 times and the retail investors’ portion being oversubscribed by 9.29 times.
Deal Value: INR 5,443.63 million
Our Transaction Team Lead Partner – Arka Mookerjee, Partner – Siddhartha Desai, Principal Associate – Krupa Brahmbhatt, and Associate – Govind Roy & Pooja Tada.
Arka’s practice area involves equity capital markets issuances which covers a wide range of products, such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.