Khaitan & Co Acted as Legal Counsel to the Company and Selling Shareholders as to Indian Law in relation to the initial public offering of equity shares of Waaree Energies Limited comprising of a fresh issue of 23,952,095 equity shares aggregating to INR 36,000 million and an offer for sale of 4,350,000 equity shares aggregating to INR 6,538.05 million by one of the promoters, Waaree Sustainable Finance Private Limited and 450,000 equity shares aggregating to INR 676.35 million by Chandurkar Investments Private Limited.
The initial public offering received overall subscription of 56.44 times with the QIB portion being oversubscribed an outstanding 214.70 times.
The core team consisted of Subhayu Sen (Partner), Aayush Mohata (Partner), Hrithik Khurana (Associate), Ira Pandya (Associate), Aayush Virani (Associate) and Aastha Sarda (Associate).
The following are the Book Running Lead Managers- Axis Capital Limited, IIFL Securities Limited, Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and ITI Capital Limited.
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