S&R Associates represented Gaja Alternative Asset Management Limited and its selling shareholders in its INR 5.50 billion initial public offering. This is the first IPO by an alternative asset management company in India.
The transaction also included a pre-filing INR 1.75 billion placement, comprising a private placement of INR 1.25 billion by the Company and secondary transfers of INR 0.50 billion by certain shareholders.
The IPO team was led by partners Sandip Bhagat and Jabarati Chandra, and included associates Gunjeet Singh, Yashvardhan Singh and Shruti Sarkar. The pre-filing placement transaction was led by partner Dhruv Nath, and included associate Samyak Jain.
