Khaitan, Trilegal, Linklaters act on the largest IPO in the port sector

The IPO of JSW equity shares aggregates to ₹28,000 million.
JSW Infrastructure Limited
JSW Infrastructure Limited

JSW Infrastructure Limited has made an initial public offering (IPO) of its equity shares aggregating to ₹28,000 million.

The syndicate of book running lead managers (BRLMs) comprised JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, DAM Capital Advisors Limited, HSBC Securities and Capital Markets (Private) Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited.

Khaitan & Co acted as Legal Counsel to JSW Infrastructure as to Indian law for this IPO.

The core team consisted of Sudhir Bassi (Executive Director), Madhur Kohli (Partner), Chirayu Chandani (Partner), Tishita Mukherjee (Senior Associate), Hrithik Khurana (Associate) and Aman Khandelwal (Associate), with assistance from Divyam Wadhwa (Associate).

Trilegal advised the BRLMs on the IPO.

The transaction team was led by Richa Choudhary (Partner), and comprised Ronak Chawla and Avanti Kale (Counsels), Maitreya Rajurkar and Pooja Sharma (Senior Associates), Sanya Chaudhari, Aayush Khandelwal, Aman Bahl, and Shivayana Balodia (Associates).

The Trilegal team advising on projects and energy related matters was led by Neeraj Menon (Partner) and comprised Karthy Nair (Counsel).

Samsuddha Majumder (Partner) advised on taxation matters.

Linklaters also advised the BRLMs on the IPO.

The transaction team was led by Amit Singh (Head of South and Southeast Asia Capital Markets), with support from Xunming Lim (Counsel) and Anandee Banerji (Managing Associate).

JSW Infrastructure is part of the multinational conglomerate JSW Group, which owns an international portfolio of diversified assets across various sectors, including steel, energy, infrastructure, cement, paints, venture capital and sports.

This the largest IPO in the port sector till date and the largest IPO to be listed within two working days from the issue closure (T+2 days). This is the first IPO from the JSW Group in 13 years since the listing of JSW Energy in 2010.

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