IPO – Duane Morris and Selvam

April 3, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the IPO of Popular Vehicles and Services Limited

SINGAPORE, 3 April 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to ICICI Securities Limited, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and Centrum Capital Limited in their role as the book running lead managers on the recent initial public offering of ₹6,015.54 million (USD 72 million) of equity shares of Popular Vehicles and Services Limited, a diversified automobile dealership in India.

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February 26, 2024March 4, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on Offer and Sale of approximately INR 5,700 million (US$69 million) of Equity Shares in Jana Small Finance Bank Limited

SINGAPORE, 27 February 2024 — Duane Morris & Selvam LLP acted as international legal counsel to Axis Capital Ltd., ICICI Securities Limited, and SBI Capital Markets, the book running lead managers, on the offer and sale of approximately INR 5,700 million (US$ 69 million) of equity shares in Jana Small Finance Bank Limited in an initial public offering in India and concurrent private placements outside India.

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December 15, 2023December 18, 2023 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the Sale of INR 27 Billion (US$ 325 Million) of Equity Shares in Computer Age Management Services Limited

SINGAPORE, 18 December 2023 — Duane Morris & Selvam LLP acted as international legal counsel to Avendus Capital in its role as the sole advisor and Spark Institutional Equities in its role as the sole broker on the recently concluded stake sale of approximately INR 27 billion (USD 325 million) of equity shares in Computer Age Management Services Limited by Great Terrain Investment Ltd (an affiliate of Warburg Pincus LLC). Computer Age Management Services Limited is an India-based technology company focused on the capital markets, and banking, financial services and insurance (BFSI).

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December 14, 2023 by Duane Morris & Selvam

Duane Morris & Selvam Advises the Book Running Lead Managers on Jupiter Wagons Limited’s INR 4,034 Million Qualified Institutions Placement of its Equity Shares

SINGAPORE, 14 December 2023 — Duane Morris & Selvam LLP acted as the special international counsel to Systematix Corporate Services Limited, Axis Capital Limited and ICICI Securities Limited in their capacity as the book running lead managers on Jupiter Wagon’s Limited’s recent INR 4,034 million (US$48.6 million) qualified institutions placement of its equity shares.

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December 13, 2023 by Duane Morris & Selvam

Duane Morris & Selvam Advises on Gandhar Oil Refinery’s INR 5.01 Billion IPO

SINGAPORE, 13 December 2023 — Duane Morris & Selvam LLP acted as special international legal counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and ICICI Securities Limited in their role as the book running lead managers for the recent INR 5.01 billion (US$60 million) initial public offering of equity shares in Gandhar Oil Refinery (India) Limited, an Indian company that is a leading manufacturer of white oils. The equity shares were listed on the BSE and the NSE.

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December 10, 2023 by Duane Morris & Selvam

Duane Morris & Selvam Advises on Flair Writing Limited’s INR 5.93 Billion IPO

SINGAPORE, 11 December 2023 — Duane Morris & Selvam LLP acted as special international legal counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and Axis Capital Limited in their role as the book running lead managers for the recent INR 5.93 billion (US$71 million) initial public offering of equity shares in Flair Writing Limited, an Indian company that designs and manufactures writing instruments. The equity shares were listed on the BSE and the NSE. Continue reading “Duane Morris & Selvam Advises on Flair Writing Limited’s INR 5.93 Billion IPO”

December 6, 2023 by Duane Morris & Selvam

Duane Morris & Selvam Advises on Tata Technologies Limited’s INR 30.43 Billion IPO

SINGAPORE, 7 December 2023 — Duane Morris & Selvam LLP acted as the Singapore legal counsel to Tata Technologies Limited, which provides engineering and technology services to auto, aero and heavy machinery makers, on the INR 30.43 billion (US$366 million) initial public offering of equity shares in Tata Technologies Limited. The shares were listed on the BSE and the NSE.

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December 3, 2023 by Duane Morris & Selvam

Duane Morris & Selvam Advises the Book Running Lead Managers on Texmaco Rail and Engineering Limited’s INR 7,500 Million Qualified Institutions Placement of Equity Shares

SINGAPORE, 4 December 2023 — Duane Morris & Selvam LLP acted as the special international counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), ICICI Securities Limited and Motilal Oswal Investment Advisors Limited in their capacity as the book running lead managers on Texmaco Rail and Engineering Limited’s INR 7,500 million (US$ 89.9 million) qualified institutions placement of equity shares.

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November 28, 2023November 28, 2023 by Duane Morris & Selvam

Duane Morris & Selvam Advises on ESAF Small Finance Bank’s INR 4.63 Billion IPO

SINGAPORE, 28 November 2023 — Duane Morris & Selvam LLP acted as the international legal counsel to ICICI Securities Limited, DAM Capital Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) in their capacity as the book-running lead managers on ESAF Small Finance Bank Limited’s recent INR 4.63 billion (US$56 million) IPO, which also included concurrent private placements outside India, including in the United States. The bank’s equity shares were listed on the BSE and NSE.

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April 19, 2023April 23, 2023 by Duane Morris & Selvam

Overview of our Capital Markets Practice for the Year ended March 31, 2023

Our capital markets practice in Singapore has had another good year in the year ended March 31, 2023. Thanks to our clients for their trust in us. Our deal highlights and awards and recognitions for the year ended March 31, 2023 are below.

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