Shardul Amarchand Mangaldas acted for Blackstone on its sale of shares in the Rs 500 crore ($75 m) initial public offer (IPO) of fragrance maker SH Kelkar & Co which was advised by DSK Legal. Khaitan & Co and Jones Day advised the IPO’s book running lead managers JM Financial Institutional Securities and Kotak Mahindra Capital Company.

SAM Delhi partners Prashant Gupta and Sayantan Dutta, principal associate Manjari Tyagi and associate Serena Upadhyay acted for the Blackstone entities.

DSK Legal Delhi associate partner Pragya Dhamija and associate Aakriti Dubey acted for SH Kelkar.

Khaitan & Co Mumbai executive partner Sudhir Bassi, Mumbai partner Abhimanyu Bhattacharya, principal associate Subhayu Sen, senior associate Chirayu Chandani and associates Nidhi Modani and Anshuman Bhardwaj acted for Indian book leading managers.

Jones Day Singapore partner Manoj Bhargava and associate Sweta Gabhawala acted for International book leading managers.

The IPO of SH Kelkar was subscribed 27 times at close on Friday. This demand for the issue is the second-highest in 2015 so far after VRL Logistics, which was subscribed 53 times reported Times.