Khaitan, JSA act on Lalbaba Engineering ₹1,000 crore proposed IPO

Lalbaba Engineering Limited has proposed an initial public offering of equity shares aggregating up to ₹1,000 crore, comprising fresh issue size aggregating up to ₹630 crore and offer for sale size aggregating up to ₹370 crore.

Khaitan & Co advised Lalbaba Engineering and the Promoter Selling Shareholder with filing the draft red herring prospectus.

The transaction team consisted of Aditya Cheriyan (Partner), Oishik Bagchi (Partner), Dipen Chatterjee (Partner), Sanjeev Chowdhary (Principal Associate), Keshav Tibarewalla (Senior Associate), Dipsa Prasanth (Associate), Nathaneal Buam (Associate) and Nibha Yadav (Associate).

JSA Advocates & Solicitors is advising the Book Running Lead Managers - IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited, on this IPO.

The transaction team is led by Madhurima Mukherjee Saha (Partner) with support from Anuj Pethia (Partner), Ambuj Gupta (Senior Associate), and Associates Shivani Agrawal, Priyanshi Bajaj, Shirish Sachdeva and Devyani Mishra.

Lalbaba Engineering specialises in development and manufacture of high-performance seamless tubes, precision forgings and integrated rail systems solutions. As of August 31, 2025, the Company was ranked as India’s largest manufacturer of cold-finished seamless tubes and the second largest overall for cold-finished steel tubes, by installed capacity.

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