Law firms Khaitan, CAM, and Hogan Lovells provide legal services for Indiqube Spaces' ₹700 crore Initial Public Offering (IPO)
Indiqube Spaces Limited, a managed workplace solutions company, recently made a successful initial public offering (IPO) of ₹700 crore. The public issue was subscribed 8.27 times in the Non-Institutional Investors (NII) segment, 12.90 times in the retail category, and an impressive 14.35 times in the Qualified Institutional Buyers (QIB) category [1].
The book-running lead managers for the IPO were ICICI Securities Limited and JM Financial Limited, who also acted as the main financial and managerial facilitators for the process [1]. Cyril Amarchand Mangaldas, a leading law firm, advised these book-running lead managers on the IPO [4].
On the other side, Khaitan & Co, another esteemed law firm, advised Indiqube Spaces Limited and the Promoter Selling Shareholders. The transaction teams at both firms were led by experienced partners - Reuben Chacko at Cyril Amarchand Mangaldas and Thomas George at Khaitan & Co [2][3].
The transaction teams at Cyril Amarchand Mangaldas included associates like Jash Botadra, Lakshmi Raj C, Rupa Veena S, Pooja Agarwal, Dhruv Sharma, Akhil Sreenadhu, and Zubin Ronnie, while Prathiksha Panduranga was a principal associate at Khaitan & Co [2].
Indiqube Spaces Limited offered 29,542,340 equity shares, with a fresh issue of ₹650 crore and an Offer for Sale of ₹50 crore [5]. The company aims to transform the traditional office experience by providing comprehensive, sustainable, and technology-driven workplace solutions [6].
Biswajit Chatterjee, Head of the India Practice and Dubai Office Managing Partner at Hogan Lovells, led the international legal counsel for the book-running lead managers [7]. This collaborative effort between various firms and entities resulted in the successful IPO of Indiqube Spaces Limited.
[1] - [7] - Source links omitted for brevity.
Investing in the IPO of Indiqube Spaces Limited, a managed workplace solutions company, could be an opportunity for those interested in the business sector. The successful public offering of ₹700 crore was facilitated by ICICI Securities Limited and JM Financial Limited, who also offered their expertise in personal-finance and investing matters. Both firms were advised by experienced partners within their law teams, with Cyril Amarchand Mangaldas focusing on the finance aspects and Khaitan & Co advising Indiqube Spaces Limited.
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