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.
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.