S&R Associates represented Motilal Oswal Investment Advisors Limited and Equirus Capital, book running lead managers, in the INR 5 billion initial public offering by Concord Enviro Systems Limited, a provider of industrial wastewater reuse and zero liquid discharge solutions. 

The S&R team was led by partner Jitesh Shahani, and included associates Ishan Seth, Aditya Jain, Indrajit Roy and Aarushi Kapoor.