Khaitan & Co and JSA advised on the proposed IPO of Lalbaba Engineering Ltd of Equity Shares of up to ₹ 10,000 million (₹1000 Cr).
The Draft Red Herring Prospectus dated September 29, 2025, was filed with SEBI on September 30, 2025. The Company specialises in development and manufacture of high-performance seamless tubes, precision forgings, and integrated rail systems solutions. As of August 31, 2025, the Company was ranked as India’s largest manufacturer of cold-finished seamless tubes and the second largest overall for cold-finished steel tubes, by installed capacity.
Khaitan & Co acted as legal counsel to the Issuer and the Promoter Selling Shareholder in connection with the draft red herring prospectus filed by the Lalbaba Engineering Ltd in relation to its proposed initial public offering of equity shares aggregating up to 10,000 million comprising of fresh issue size aggregating up to 6,300 million and offer for sale size aggregating up to 3,700 million.
The core team consisted of Partners Aditya Cherian, Oishik Bagchi, & Dipen Chatterjee, Principal Associate Sanjeev Chowdhary, Senior Associate Keshav Tibarewalla, Associates Dipsa Prasanth, Nathaneal Buam, and Nibha Yadav.
JSA advised IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited in relation to the proposed initial public offering.
The JSA team was led by Partner, Madhurima Mukherjee Saha with support from the Capital Markets Team comprising Partner, Anuj Pethia, Senior Associate, Ambuj Gupta and Associates Shivani Agrawal, Priyanshi Bajaj, Shirish Sachdeva and Devyani Mishra.
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