Cyril Amarchand Mangaldas Advises Lohia Corp ₹1,101 Crore IPO

• Lohia Corp Limited made an initial public offering of equity shares amounting to ₹1101.28 crore.
• Cyril Amarchand Mangaldas advised Lohia Corp on the IPO, with a team led by Abhiroop Lahiri (Partner).
• The firm also represented Lohia Corp and its promoters/promoter group members in a pre-IPO secondary sale.
• Shaishavi Kadakia (Partner) from Cyril Amarchand Mangaldas advised on structuring certain promoter trusts.
• Bharath Reddy (Partner) led the team advising on ESOP, employment, and secretarial matters.

The success of Lohia Corp's IPO underscores the importance of meticulous planning and execution in Indian capital markets.

Lohia Corp Limited recently made an initial public offering of equity shares, comprising an offer for sale by shareholders amounting to ₹1101.28 crore. The IPO was advised by Cyril Amarchand Mangaldas, with a team led by Abhiroop Lahiri (Partner) providing support from associates Aakash Rao, Arnab Roy, Vatsala Parashar, Shvabh Chakarwarti, and Sanskar Modi. This transaction marked the firm's involvement in structuring certain promoter trusts, a crucial aspect of the IPO process.

In addition to advising Lohia Corp, Cyril Amarchand Mangaldas also represented the company and its promoters/promoter group members in a pre-IPO secondary sale. The team was led by Ravi Shah (Partner) with support from Bhakti Madan (Principal Associate) and Vidhi Shah (Senior Associate Designate).

The structuring of promoter trusts and Employee Stock Option Plans (ESOPs) are critical considerations in Indian IPO transactions. In the context of Lohia Corp's IPO, Shaishavi Kadakia (Partner) from Cyril Amarchand Mangaldas advised on the structuring of certain promoter trusts. Bharath Reddy (Partner) led a team that included Abhishek Gabriel (Senior Associate Designate), Deepa Pathak (Consultant), and Mihir Sangani (Manager - Corporate Secretarial Services) in advising on ESOP, employment, and secretarial matters.

The involvement of international law firms such as Hogan Lovells Cadwalader highlights the increasing complexity of cross-border transactions. As a global firm, Hogan Lovells Cadwalader served as international legal counsel for the book-running lead managers, Equirus Capital Limited and Motilal Oswal Investment Advisors Limited.

The success of Lohia Corp's IPO underscores the importance of meticulous planning and execution in Indian capital markets. The structuring of promoter trusts and ESOPs are key considerations that lawyers advising on Indian IPOs should note, as these factors have potential implications for future transactions. As the Indian IPO market continues to grow, the need for expertise in these areas will only increase.

Lawyers advising on Indian IPOs should note that the structuring of promoter trusts and ESOP matters are key considerations in this transaction, with potential implications for future IPOs.

Source: Original reporting via Bloomberg Law