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
Anshu practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space etc.).
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.).