JSA is advising on the proposed IPO of Vishakha Renewables Limited (promoted by Jigish Doshi, Akshat Doshi, Gautam S. Adani, Rajesh S. Adani, Vinod S. Adani, Adani Properties Private Limited, Adani Commodities and S.B. Adani Family Trust). JSA is acting as the legal counsel for SBI Capital Markets Limited, ICICI Securities Limited and IIFL Capital Services Limited, the lead managers on the proposed IPO.
The proposed IPO comprises of a fresh issue of up to ₹12,500.00 million and an offer for sale by certain selling shareholders of up to 18,152,206 equity shares of face value of ₹10 each.
Vishakha Renewables is a manufacturer of critical products across the solar component ecosystem, comprising solar glass, aluminium frames, encapsulants such as ethylene vinyl acetate and expandable polyethylene, and back sheets for solar panels.
The JSA Capital Markets team is being led by Madhurima Mukherjee Saha, Partner, with Anuj Pethia, Partner, and comprises Bhavini Mohan, Senior Associate; Rachit Munjal, Associate; Tamanna Kapoor, Associate; Adnan Danish, Associate and Devyani Mishra, Associate.
Anuj has more than 16 years of experience and has acted on various Indian and international capital markets transactions including some of the sophisticated and pioneer offerings in the last two decades advising issuers, underwriters, promoters and selling shareholders across sectors.