S&R Associates represented JM Financial, BNP Paribas, BofA Securities, Goldman Sachs, HSBC, IIFL Capital, Jefferies, Morgan Stanley, Motilal Oswal, Nomura, Nuvama and UBS, book running lead managers, in the INR 125 billion initial public offering by HDB Financial Services Limited, a leading, diversified retail-focused non-banking financial company (NBFC) in India. This is the largest initial public offering by an NBFC in India.
The S&R team was led by partners Sandip Bhagat, Jabarati Chandra and Jitesh Shahani, and included associates Shwetank Sharma, Aarushi Kapoor, Anushka Rungta and Aarush Sharma.