JSA Advocates & Solicitors (JSA) is advising Sathya Agencies Limited in connection with its proposed initial public offering (IPO) of equity shares aggregating up to ₹6,000 million. The offering comprises a fresh issue of equity shares of up to ₹3,000 million and an offer for sale of equity shares aggregating up to ₹3,000 million.
Sathya is the largest consumer durables and electronics-focused retail player in Tamil Nadu and South India by number of stores as of March 2026 and ranks as the largest in Tamil Nadu and fifth largest in India among its peers in terms of revenue from operations for Fiscal 2025.
The JSA team is led by Arka Mookerjee, Partner, along with Pracheta Bhattacharya, Partner, and Ananth Balaji, Partner, supported by Shreya Sharma, Associate, Palak Karundia, Associate, Prateek Khandelwal, Associate, Ritu R Jaiswal, Associate, Bhuvnesh Kumar, Associate and Ishika Jain, Associate.
Arka’s practice area involves 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.