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 publicValue510 croreDeal TypeCapital MarketsSectorManufacture|Home based foam productsLaw 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 CounselPartners/ Heads Luthra & Luthra- Manan Lahoty and Vishal Yaduvanshi; Khaitan & Co – Abhimanyu Bhattacharya, Aditya 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.
