JSA Advises on M & B Engineering Limited’s INR 6.50 billion IPO

  • Deal
  • August 8, 2025

JSA advised Equirus Capital Private Limited and DAM Capital Advisors Limited, the Book Running Lead Managers (BRLMs), on M & B Engineering Limited’s initial public offering (IPO) of equity shares, valued at up to INR 6.50 billion. The IPO comprised a fresh issue of up to INR 2.75 billion and an offer for sale of up to INR 3.75 billion by certain selling shareholders.

The JSA team that advised on the transaction was led by Arka Mookerjee (Lead Partner), alongside the Equity Capital Markets team, which included Siddhartha Desai (Partner), Govind Roy (Senior Associate), Ayushi Pandit (Associate), Prateek Khandelwal (Associate), Aditya Shendye (Associate), Anvita Sinha (Associate), Sharad Panwar (Associate) and Johann Duckworth (Junior Associate).