Stalwart People Services India Limited has announced plans for an initial public offering (IPO) that includes a fresh issue of equity shares amounting to ₹150 crore and an offer for sale of up to 5,264,151 equity shares by shareholders Christopher Arvinth and Caroline Mendez. The legal advisory for this IPO is being handled by DSK Legal, which is also assisting the book running lead manager, Bajaj Capital Securities Limited.
DSK Legal’s scope of assistance encompasses a wide array of services crucial to the IPO process. These include conducting meticulous due diligence, drafting the Draft Red Herring Prospectus (DRHP), and managing the preparation and finalization of standard certificates, consent letters, and auditor certificates. Furthermore, the firm is involved in drafting and negotiating essential documents such as the offer agreement, registrar agreement, and advertisement-agency agreements.
The firm is also responsible for preparing exemption applications and other necessary filing letters for submission to the Securities and Exchange Board of India (SEBI) and stock exchanges. Additionally, DSK Legal is reviewing and providing feedback on advertisement materials and AV scripts intended for DRHP filings, compiling documentation for stock exchanges, and issuing legal opinions related to the DRHP.
The transaction team at DSK Legal is led by Akanksha Dubey, an Associate Partner, with support from associates Forum Vadgama, Mahadevan J., Harshita Dhelia, Kaishena Chauhan, and Siddharth Bharadwaj. Avinash Poojari, a Partner at the firm, is acting as the relationship partner, while Ajay Shaw, also a Partner, is serving as the lead engagement partner for the transaction.
Stalwart People Services India Limited is renowned for offering comprehensive security solutions, including both manned guarding and AI-enabled video surveillance and analytics through its proprietary platform, ‘Intelisenz.’ The company also provides facilities management services, covering both hard and soft facilities management, and offers staffing services tailored to diverse organizational needs.
