J. Sagar Associates advised ICICI Securities Limited, IDBI Capital Markets & Securities Limited and SBI Capital Markets Limited in relation to the initial public offering of RailTel Corporation of India Limited (RailTel) of INR 8,192.42 million. RailTel is an information and communications technology infrastructure provider and is one of the largest neutral telecom infrastructure providers in India (Source: CRISIL Report). It is a Mini Ratna (Category-I) Central Public Sector Enterprise, which was wholly-owned by the Government of India and under the administrative control of the Ministry of Railways. As per reports, the IPO was oversubscribed by 42 times. The equity shares of RailTel were listed on the stock exchanges on February 26, 2021.
JSA Team comprised Lead Partner – Arka Mookerjee; Principal Associate – Pracheta Bhattacharya; Associates – Krupa Brahmbhatt, Ananth Balaji, Kinjal Shah and Sourav Modi.
Arka Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.