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Khaitan & Co says it advised the book running lead managers—not JSW Steel or JSW Cement—in connection with JSW One Platforms Limited’s draft prospectus filing for a proposed IPO of up to ₹30,540.10 million ($318.62 million). The proposal combines a fresh issue with an offer for sale by certain existing shareholders. The announcement describes a filing-stage transaction; it does not establish that the IPO has opened, been priced or listed.
What is proposed
Khaitan & Co’s matter listing, dated 1 October 2026, identifies JSW One Platforms Limited as the issuer and says the company filed a draft red herring prospectus as part of its bid to undertake an initial public offering. The firm gives the proposed aggregate size as up to ₹30,540.10 million ($318.62 million). Those are the amounts published by Khaitan & Co.
The proposed offering has two components: a fresh issue of shares and an offer for sale by certain existing shareholders. The announcement does not state how much of the aggregate amount belongs to either component, so the split cannot be inferred from the headline figure.
Who Khaitan & Co represented
The firm says it acted as counsel to the book running lead managers. Its matter listing names JM Financial Limited, Kotak Mahindra Capital Company Limited, ICICI Securities Limited, SBI Capital Markets Limited and PL Capital Markets Private Limited. It does not describe Khaitan & Co as counsel to JSW Steel or JSW Cement for this transaction.
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The listed Khaitan & Co deal team comprises:
- Sudhir Bassi, Executive Director
- Madhur Kohli and Aayush Mohata, Partners
- Sarjana Das and Kanchi Malhotra, Senior Associates
- Mythri Murali, Mehar Sharma and Vedika Jhunjhunwala, Associates
What the filing-stage announcement does—and does not—confirm
SCC Times reported on 7 October 2026 the same aggregate amount, broad offering structure and counsel-to-book-runners role. That corroborates the transaction summary, but the cited announcements do not establish that the offering has opened, been priced or listed.
They also do not provide the fresh-issue and offer-for-sale allocations, use of proceeds, price band, subscription dates or final issue size. Those terms should be checked against the filed draft red herring prospectus and later official disclosures before treating them as settled.
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