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The Offer comprised a fresh issue of equity shares aggregating to Rs 28,300.00 million and an offer for sale of equity shares by selling shareholders aggregating to Rs. 21,823.28 million. The Offer opened on October 15, 2026 and closed on October 19, 2026.
The IPO was underwritten by Smart Horizon Capital. The offering received an overall subscription of 63.89 times, with the non-institutional investor (NII) category subscribed 166.44 times, the qualified institutional buyer (QIB) category (excluding anchor investors) subscribed 37.32 times, and the retail category subscribed 35.46 times
Shardul Amarchand Mangaldas advised PRJ Ventures Pvt. Ltd. and its shareholders on the sale of 100% of its equity share capital in Pathways School Gurgaon to Lighthouse Learning Pvt. Ltd.
IIFL Capital Services Limited (formerly known as IIFL Securities Limited), JM Financial Limited and Nuvama Wealth Management Limited acted as BRLMs to the IPO.
The transaction is expected to close in the first half of calendar year 2027, subject to closing conditions and regulatory approvals.
CAM acted as legal counsel to TPG in connection with its acquisition of 100% of the share capital of Aseem Infrastructure Finance Limited (AIFL).
Shardul Amarchand Mangaldas advised on the review, negotiation and finalization of the share purchase agreement governing the sale of AIFL’s shares to TPG and related transaction documents.
The proceeds of the QIP are proposed to be utilized towards re-payment and /or prepayment of certain outstanding borrowings of the Company and certain of its subsidiaries, and general corporate purposes.