JSA acted as the sole legal advisor to Power Mech Projects Limited (“Power Mech”) and IIFL Securities Limited in relation to the qualified institutions placement by Power Mech (“Issue”). Power Mech filed a placement document on October 23, 2023, for an issue of 901,789 equity shares to qualified institutional buyers, aggregating approximately to ₹ 3,500 million. IIFL Securities Limited acted as the lead manager to the Issue.
Deal Value: INR 3,500 million
Our transaction team Lead Partner – Arka Mookerjee, Partner – Siddhartha Desai, Principal Associate – Krupa Brahmbhatt, Associate – Akash Joshi and Govind Roy.
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.
Siddhartha specializes in public and private Capital Market transactions. He has advised various issuers, underwriters and selling shareholders on equity offerings such as initial public offerings, rights issues, qualified institutions placements, institutional placement programmes & infrastructure investment trusts (InvITs), and debt offerings such as non-convertible debenture issuances.