S&R Associates advises Selling Shareholders on INR 225.62 Billion National Stock Exchange IPO
The S&R team was led by partners Sandip Bhagat and Jabarati Chandra, and included associate Aarush Sharma.
The S&R team was led by partners Sandip Bhagat and Jabarati Chandra, and included associate Aarush Sharma.
The mandate involved advising on a broad range of regulatory, disclosure, diligence, and transaction execution matters. The IPO is one of the most closely anticipated listings in Indian capital markets and is the second largest initial public offering, to date.
The Firm also advised the Selling Shareholders namely, O P Munjal Holdings Limited and Hero Cycles Limited on their participation in the offer for sale component of the Offer.
The S&R team was led by partners Juhi Singh and Shiv Bhargava, and included associates Anmol Kanodia, Abhishek Gupta, Ishika Patnaik, Vasundhara Gupta and Sahsransh Pandey.
A portion of this QIP’s proceeds is proposed to be used for financing capital expenditure towards defence equipment capabilities. SAM also previously advised the lead managers on Bharat Forge’s ₹1,650 crore QIP in December 2024.