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).
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.