JSA advised Cello World Limited and the selling shareholders in relation to its initial public offering of equity shares aggregating to ₹ 19,000 million (“IPO”) through an offer for sale. As per news reports, the IPO was oversubscribed 41.69 times, with the QIB portion being oversubscribed 122.20 times, NII portion being oversubscribed 25.65 times and the retail investors’ portion being oversubscribed by 3.21 times.
The Book Running Lead Managers to the IPO were Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited. The Syndicate Members to the IPO were Kotak Securities Limited, JM Financial Services Limited and Motilal Oswal Financial Services Limited.
Deal Value: INR 19,000.00 million
Our Transaction Team Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Principal Associate – Anshu Bansal & Krupa Brahmbhatt, Associate – Akash Joshi, Govind Roy & Pooja Tada
Akash practices primarily in the area of capital markets and securities. He has advised clients on best possible drafting strategies for offer documents meant for initial public offers and qualified institutions placement.