JSA advised ICICI Securities Limited and Axis Capital Limited in the initial public offering of equity shares aggregating to ₹ 14,593.23 million (“IPO”), comprising an offer for sale by certain shareholders of INOX India Limited (“Company”). The Company has over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions.
As per news reports, the IPO was oversubscribed 61.28 times with 15.30 times subscription in the retail category, 147.80 times subscription in QIB category and 53.20 times subscription in the NII category.
Our transaction team comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Principal Associate – Krupa Brahmbhatt, Associate – Akash Joshi and Jeebitesh Bhattacharya.
Arka Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.
Pracheta practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space, ADR, GDR etc.).