S&R Associates Advised Prudential Corporation Holdings Limited On The IPO And Pre-IPO Placements Of ICICI Prudential Asset Management Company Limited

S&R Associates advised Prudential Corporation Holdings Limited on the IPO and pre-IPO placements of ICICI Prudential Asset Management Company Limited

The leading law firm in India, S&R Associates represented Prudential Corporation Holdings Limited, a subsidiary of Prudential plc, in connection with the initial public offering and pre-IPO placements of ICICI Prudential Asset Management Company Limited.

The transaction raised aggregate proceeds of INR 154.18 billion (approximately US$1.71 billion), comprising INR 106.03 billion (approximately US$1.17 billion) through the IPO and INR 48.15 billion (approximately US$535.75 million) through pre-IPO placements.

The transaction marked the largest IPO by an asset management company in India and the fourth-most subscribed IPO in the country.

The S&R Associates’ IPO advisory team was led by Sandip Bhagat (Partner) and Juhi Singh (Partner), with support from Shwetank Sharma (Associate), Ayushi Shrivastava (Associate) and Ishika Patnaik (Associate).

The S&R Associates’ pre-IPO M&A placements team was led by Rajat Sethi (Partner) and Radhika Iyer (Partner), and included Stuti Dhundia (Associate) and Divyanshu Sharma (Associate), with additional support from Sushmita Sur (Counsel) and Varun Yadav (Associate).

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