
Panoramic: Automotive and Mobility 2025
The Hogan Lovells Capital Markets team was led by Biswajit Chatterjee, Head of the India Practice and Dubai Office Managing Partner, with support from counsels Kaustubh George and Varun Jetly; senior associates Suchisubhra Sarkar and Aditya Rajput; associates Jayant Bhardwaj, Aditya Dsouza, Sanjana Ravjiani, Komal Israni and Purva Mishra.
The IPO was managed by ICICI Securities Limited and IIFL Capital Services Limited.
The shares got listed on BSE and NSE on 5 August 2025 and made a strong listing debut with a premium of more than 50 percent over the IPO price. The IPO was oversubscribed 106.23 times overall, with 53.81 times in the retail category, 140.50 times in the QIB category, and 75.93 times in the NII category.
About Hogan Lovells India practice
Hogan Lovells has built a market-leading India practice, drawing on extensive experiences, deep local relationships and in-depth market knowledge. Our dedicated team, spanning our global network, supports Indian and foreign clients in exploring investment opportunities, raising capital, restructuring business, developing infrastructure projects, and resolving disputes in and outside of India. As trusted legal advisors, we are recognized for an innovative approach to thought leadership, delivering timely and comprehensive insights on legal developments that shape our clients’ strategies and long-term business goals.