JSA is advising JM Financial Limited, DAM Capital Advisors Limited, Edelweiss Financial Services Limited, and IIFL Securities Limited, the book running lead managers in relation to the proposed initial public offering of FirstMeridian Business Services Limited (“FirstMeridian”), India’s third largest staffing company in terms of revenue for the Fiscal 2021, which provides wide range of service offerings, including general staffing and allied services, global technology solutions, and other HR services.
The IPO consists of fresh issue of equity shares and offer for sale of equity shares by certain existing shareholders of FirstMeridian, aggregating up to INR 8,000 million.
JSA Deal team comprised Lead Partner – Madhurima Mukherjee Saha, Principal Associate – Shivali Singh, Senior Associate – Sagar Batra, and Associate – Pranav Gupta and Richa Prasad.
Madhurima has more than 20 years of experience in securities offerings in the domestic and international markets including initial public offering, further offers, rights offer, qualified institutions placement, InVITs, block trades.