PRESS RELEASE
9 October 2026

JSA Advises SBI Capital Markets, ICICI Securities And IIFL Capital Services On Proposed IPO Of Vishakha Renewables Limited

J
JSA

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
JSA is advising on the proposed IPO of Vishakha Renewables Limited (promoted by Jigish Doshi, Akshat Doshi, Gautam S. Adani, Rajesh S. Adani, Vinod S. Adani, Adani Properties Private Limited...
India

JSA is advising on the proposed IPO of Vishakha Renewables Limited (promoted by Jigish Doshi, Akshat Doshi, Gautam S. Adani, Rajesh S. Adani, Vinod S. Adani, Adani Properties Private Limited, Adani Commodities and S.B. Adani Family Trust). JSA is acting as the legal counsel for SBI Capital Markets Limited, ICICI Securities Limited and IIFL Capital Services Limited, the lead managers on the proposed IPO.

The proposed IPO comprises of a fresh issue of up to ₹12,500.00 million and an offer for sale by certain selling shareholders of up to 18,152,206 equity shares of face value of ₹10 each.

Vishakha Renewables is a manufacturer of critical products across the solar component ecosystem, comprising solar glass, aluminium frames, encapsulants such as ethylene vinyl acetate and expandable polyethylene, and back sheets for solar panels.

The JSA Capital Markets team is being led by Madhurima Mukherjee Saha, Partner, with Anuj Pethia, Partner, and comprises Bhavini Mohan, Senior Associate; Rachit Munjal, Associate; Tamanna Kapoor, Associate; Adnan Danish, Associate and Devyani Mishra, Associate.

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
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