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Khaitan & Co advised Anarock Property Consultants Limited on filing the Draft Red Herring Prospectus (DRHP) for its proposed initial public offering of up to ₹1,000 crore. The firm’s team also advised on shareholder agreement-related aspects of the transaction.
The book running lead managers of this IPO were IIFL Capital Services Limited (formerly known as IIFL Securities Limited), CLSA India Private Limited and Systematix Corporate Services Limited.
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.
Cyril Amarchand Mangaldas advised the book running lead managers on the ₹66,230 million IPO of Billionbrains Garage Ventures Limited (Groww), which saw strong investor demand with an overall subscription of 17.60 times.