JSA is advising SBI Capital Markets Limited, Ambit Private Limited, and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) in connection with the proposed initial public offering of equity shares of Rayzon Solar Limited(“IPO”), comprising a fresh issue aggregating up to ₹15,000 million. Rayzon Solar Limited has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) and the stock exchanges.
The transaction is being led by Arka Mookerjee (Partner), with support from JSA’s Equity Capital Markets team: Siddhartha Desai (Partner), Arjun Rastogi (Principal Associate), Govind Roy(Senior Associate), and Prateek Khandelwal, Aditya Shendye, Ayushi Pandit, and Anvita Sinha (Associates).
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.