JSA advised IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited in relation to the proposed initial public offering of Equity Shares of Lalbaba Engineering Limited (the “Company”) of up to ₹ 10,000 million comprising a Fresh Issue of up to ₹ 6,300 million and an Offer for Sale of up to ₹ 3,700 million by certain existing shareholders of the Company.
The Draft Red Herring Prospectus dated September 29, 2025, was filed with SEBI on September 30, 2025. The Company specialises in development and manufacture of high-performance seamless tubes, precision forgings and integrated rail systems solutions. As of August 31, 2025, the Company was ranked as India’s largest manufacturer of cold-finished seamless tubes and the second largest overall for cold-finished steel tubes, by installed capacity.
The JSA team was led by Partner, Madhurima Mukherjee Saha with support from the Capital Markets Team comprising Partner, Anuj Pethia, Senior Associate, Ambuj Gupta and Associates Shivani Agrawal, Priyanshi Bajaj, Shirish Sachdeva and Devyani Mishra
Anuj has more than 16 years of experience and has acted on various Indian and international capital markets transactions including some of the sophisticated and pioneer offerings in the last two decades advising issuers, underwriters, promoters and selling shareholders across sectors.