JSA acted as Legal Counsel for NTPC Green Energy’s IPO, which is the largest fresh issuance of equity shares in fiscal 2025.
JSA advised NTPC Green Energy Limited (the “Company“) in relation to the initial public offering of equity shares (“IPO“) of the Company, comprising of a fresh issue of equity shares with an aggregate value of INR 100 billion.
The Company is a wholly owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise, and the largest public sector enterprise in renewable energies (excluding hydro) in terms of operating capacity and power generation as of fiscal 2024.
Our Transaction Team Comprised Lead Partner – Madhurima Mukherjee Saha, Partners – Siddhartha Desai, Shivali Singh, Associates – Bhavini Mohan, Govind Roy, Ayushi Pandit, Prateek Khandelwal, Nidhi Prakriti and Ritu R Jaiswal.












Madhurima Mukherjee is a Partner at JSA and Head of the Capital Markets practice, with over 20 years of experience advising on India's most significant domestic and international securities offerings. Recognised as one of India's leading capital markets lawyers, she has advised on landmark IPOs, QIPs, rights issues, REITs, InVITs, block trades and strategic capital-raising transactions for top corporates, financial institutions, investors and government entities.