VERTICES PARTNERS advises promoters of Glass Wall Systems India Limited on proposed ₹4,278.90 million IPO
New Delhi: One of India’s leading Legal Firm VERTICES PARTNERS recently advised the Promoters and Promoters Group of Glass Wall Systems (India) Limited on the company’s proposed initial public offering (IPO), intended for a fresh issue of equity shares aggregating up to ₹4,278.90 million [USD 44.58 million]. The transaction highlights a noteworthy capital markets engagement for VERTICES PARTNERS with its long-standing clients.
The proposed IPO will provide Glass Wall Systems (India) Limited with an opportunity to access the public capital markets as it looks to bolster its position in the glass manufacturing sector. The proposed fresh issue showcases a notable step in the company’s expansion journey and its entry into the larger public-market investor base.
The transaction was led by Vinayak Burman, Founder and Managing Partner, Vertices Partners, with Partner Vishal Mehta and Associate Darshan Chheda also advising on the engagement.
Vinayak Burman, Founder and Managing Partner, VERTICES PARTNERS, said, “We are pleased to have advised our long-standing clients, the Promoters and Promoters Group of Glass Wall Systems, on this proposed IPO. The transaction showcases the company’s growth and its efforts to access the capital markets. We look forward to supporting the Promoters through this significant capital markets exercise.”
Khaitan & Co. represented Glass Wall Systems (India) Limited, with Partners Gautham Srinivas and Sathvik Ponnappa leading the engagement. They were supported by Principal Associate Sanjeev Chowdhary and Senior Associate Vanshika Chaudhry.
The book running lead managers (BRLMs), IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited, were represented by JSA Advocates & Solicitors. The JSA team was led by Partners Arka Mookerjee, Parcheta Bhattacharya, Anshul Bansal and Kairav Parikh, with Senior Associate Vatsla Varandani and Associates Palak Karundia, Aditi Khandal and Sharad Panwar forming part of the team.
Hogan Lovells acted as international legal counsel to the BRLMs. The engagement was led by Biswajit Chatterjee, Head of the India Practice and Dubai Office Managing Partner, with Counsel Kaustubh George and Associate Komal Israni supporting the matter.
For Vertices Partners, the proposed IPO adds to its work in capital markets and underscores the firm’s continued engagement with businesses and promoter groups as they pursue access to institutional and public capital. The firm’s team worked with the Promoters and Promoters Group through the proposed transaction, bringing together its corporate and capital markets advisory capabilities.
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