AZB & Partners, Luthra & Luthra and Jones Day have advised on the initial public offering (IPO) of Ind Barath Power Infra Limited..Ind Barath Power Infra is a power generation company with eight operational power projects in the states of Tamil Nadu, Andhra Pradesh, Maharashtra, Himachal Pradesh and Kerala..It filed a draft red herring prospectus (DRHP) on June 21, with the Securities and Exchange Board of India (SEBI) for an IPO of equity shares of Rs. 10 ($0.2) each. The price is to be determined through a 100 percent book building process aggregating to approximately Rs. 1,179 crore ( $ 253 million) and an offer for sale of an aggregate of up to 8.7 lakh equity shares by CVCIGP selling shareholders, Unit Trust of India (UTI) and Sriba Seabase Private Limited..The funds raised from the IPO will be used for the company’s upcoming power plants with a capacity of over 1,300 MW..The Bangalore office of AZB & Partners advised Ind Barath and was led by Partner Srinath Dasari and Associates Nisha Menon, Arpita Acharya and Ananthram Ganesh..Luthra & Luthra led by Partner Manan Lahoty and assisted by Associates Naina Jhawar and Pragati Kumar advised the underwriters to this issue on domestic legal issues while Jones Day led by Partner Manoj Bhargava and Associate Ankit Kashyap advised on the international issues.
AZB & Partners, Luthra & Luthra and Jones Day have advised on the initial public offering (IPO) of Ind Barath Power Infra Limited..Ind Barath Power Infra is a power generation company with eight operational power projects in the states of Tamil Nadu, Andhra Pradesh, Maharashtra, Himachal Pradesh and Kerala..It filed a draft red herring prospectus (DRHP) on June 21, with the Securities and Exchange Board of India (SEBI) for an IPO of equity shares of Rs. 10 ($0.2) each. The price is to be determined through a 100 percent book building process aggregating to approximately Rs. 1,179 crore ( $ 253 million) and an offer for sale of an aggregate of up to 8.7 lakh equity shares by CVCIGP selling shareholders, Unit Trust of India (UTI) and Sriba Seabase Private Limited..The funds raised from the IPO will be used for the company’s upcoming power plants with a capacity of over 1,300 MW..The Bangalore office of AZB & Partners advised Ind Barath and was led by Partner Srinath Dasari and Associates Nisha Menon, Arpita Acharya and Ananthram Ganesh..Luthra & Luthra led by Partner Manan Lahoty and assisted by Associates Naina Jhawar and Pragati Kumar advised the underwriters to this issue on domestic legal issues while Jones Day led by Partner Manoj Bhargava and Associate Ankit Kashyap advised on the international issues.
