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Initial Public Offering of IRM Energy Limited

Deal
November 3, 2023

JSA advised HDFC Bank Limited and BOB Capital Markets Limited in relation to initial public offering of equity shares by IRM Energy Limited, aggregating to ₹ 5,443.63 million (“IPO”) through a fresh issue of equity shares. As per news reports, the IPO was oversubscribed 27 times, with the NIIs category being oversubscribed by 48.34 times, the QIB portion being oversubscribed 44.73 times and the retail investors’ portion being oversubscribed by 9.29 times.

Deal Value: INR 5,443.63 million

Our Transaction Team Lead Partner – Arka Mookerjee, Partner – Siddhartha Desai, Principal Associate – Krupa Brahmbhatt, and Associate – Govind Roy & Pooja Tada.

POST TAGS

Tags Banking and Financial Services, Capital Markets, Equity Shares, IPO, JSA, Leading Law Firm, Leading Lawyers, SEBI

Arka Mookerjee Partner

Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.

Krupa Brahmbhatt Principal Associate

Krupa practices in the area of Capital Market offerings and Securities.

Siddhartha Desai Partner

Siddhartha specializes in public and private Capital Market transactions. He has advised various issuers, underwriters and selling shareholders on equity offerings such as initial public offerings, rights issues, qualified institutions placements, institutional placement programmes & infrastructure investment trusts (InvITs), and debt offerings such as non-convertible debenture issuances.