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.
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.