S&R Associates, JSA, Hogan Lovells act on Oswal Pumps ₹1,694 crore IPO

Oswal Pumps Limited has made an initial public offering of approximately ₹1,694 crore, which included the secondary sale of approximately ₹300 crore by the Promoter Selling Shareholder.

S&R Associates is advising Oswal Pumps on this IPO, as per the Draft Red Herring Prospectus.

The S&R team was led by Partner Juhi Singh and counsel Shiv Bhargava, and included associates Ayushi Shrivastava, Nidhi Raj and Utkarsh Mani Tripathi.

JSA Advocates and Solicitors advised the book-running lead managers, namely IIFL Capital Services Limited, Axis Capital Limited, CLSA India Private Limited, JM Financial Limited, and Nuvama Wealth Management Limited, on this IPO.

The transaction team was led by Arka Mookerjee (Lead Partner), along with support from Pracheta Bhattacharya (Partner) and Anshu Bansal (Partner), and Ananth Balaji (Principal Associate), Govind Roy (Senior Associate), Ayushi Pandit (Associate), Aditi Khandal (Associate), Ritu R Jaiswal (Associate), Vaishnavi Kokkonda (Associate)

Hogan Lovells advised the book-running lead managers on US laws.

The transaction team was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Varun Jetly (Counsel), Kaustubh George (Counsel), Aditya Rajput (Senior Associate), Sanjana Ravjiani (Associate) and Aditya Dsouza (Associate).

Founded in 2003, Oswal Pumps Limited is one of the fastest growing Indian company in the field of solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires & cables, and electric panels. The company has a unique integrated plant with a world-class manufacturing facility covering an area of 41,076 sq. meters and is backed by seasoned engineers and technicians.

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