Khaitan & Co Advised on Brigade Hotel Ventures Limited IPO
The leading Indian law firm Khaitan & Co advised JM Financial Limited and ICICI Securities Limited, the book running lead managers, in relation to the initial public offering of equity shares aggregating to ₹7,596.00 million by Brigade Hotel Ventures Limited.
As per reports, the IPO witnessed strong investor interest and was oversubscribed by 4.48 times overall — with the retail investors’ portion oversubscribed by 6.4 times, the Qualified Institutional Buyers (QIB) portion by 5.42 times, the Non-Institutional Investors (NII) portion by 1.92 times and the employee reservation portion by 0.94 times.
The Khaitan & Co team advising on the matter comprised Thomas George (Partner), Suman Prabhu (Partner), Tharun Vadlapatla (Associate), Aadhya Singh (Associate), Varun Nair (Associate), Anand Sivasankaran (Associate) and Anveeksha Anand (Associate).
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