Luthra, Khaitan, Squire Patton Boggs act on $75 million IPO of Sheela Foam Limited

Bar & Bench

Sheela Foam, a leading manufacturer of mattresses marketed under ‘Sleepwell’,  has raised Rs. 510 crore ($75 million) through Initial Public Offer (IPO).

DealSheela Foam raises money from the public
Value510 crore
Deal TypeCapital Markets
SectorManufacture|Home based foam products
Law firmsLuthra & Luthra– Sheela Foam; Khaitan & Co – Edelweiss Financial Services & Limited and ICICI Securities Limited on Indian law issues Squire Patton Boggs– Edelweiss Financial Services & Limited and ICICI Securities Limited as US Counsel
Partners/ Heads Luthra & Luthra- Manan Lahoty and Vishal Yaduvanshi; Khaitan & Co – Abhimanyu BhattacharyaAditya Cheriyan; Squire Patton Boggs- Biswajit Chatterjee 

Luthra & Luthra Law Offices acted for Sheela Foam, through a  team led by partners Manan Lahoty and Vishal Yaduvanshi, along with senior associate Abhiroop Lahiri and associates Ankit Thakur, Sanjana Tikkoo and Puneet Passi.

Khaitan & Co team acted as domestic counsel for the global coordinators and underwriters Edelweiss Financial Services & Limited and ICICI Securities Limited  on Indian law issues, through a team lead by partner Abhimanyu Bhattacharya and associate partner Aditya Cheriyan, along with associates Navodita Gupta and Ayush Mohata.

Squire Patton Boggs acted as special US counsel on the transaction representing the underwriters, through a team led by US securities partner and head of India practice Biswajit Chatterjee, senior lawyers Kaustubh George and Salil Rajadhyaksha, and associates Isha Malhotra, Anandee Banerji and Gowri Reghuvaran.

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