JSA acted as the legal counsel to the Company as to Indian law in the Initial Public Offer of DCX Systems Limited, aggregating to INR 5,000 million.
The initial public offer of equity shares of Rs 2 each comprised of a fresh issue of upto Rs 4,000 million and an offer for sale of upto Rs 1,000 million.
The issuer is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in Fiscal 2022 in the defence and aerospace sector.
As per news reports, the initial public offer was oversubscribed by 69.79 times with the QIB Portion being oversubscribed by 84.32 times.
Deal Value: INR 5,000 million
JSA Transaction Team Comprised Lead Partner – Madhurima Mukherjee Saha, Partner – Niruphama Ramakrishnan, Senior Associate – Sagar Batra, Associate – Bhavini Mohan, and Shristi Kanchan.
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.