Khaitan & Co acted as the legal counsel to the offer and advised Sandhar Technologies Limited in relation to its initial public offering of equity shares aggregating to INR 5,124.80 million comprising a fresh issue of up to 9,036,144 equity shares, and an offer for sale of up to 8,000,000 equity shares by GTI Capital Beta Pvt Ltd. Sandhar Technologies Limited is an auto-component supplier primarily catering to automotive OEMs and largely focused on safety and security systems of vehicles with a pan-India presence and a growing international footprint. They are the leader in the two-wheeler locking systems market, and the commercial vehicle rear view market in India, and are one of the two largest companies catering to the commercial vehicle locking systems market, and the two-wheeler rear view market in India. Abhimanyu Bhattacharya (Partner), Thomas George (Associate Partner), Kirti Krishna (Senior Associate), Suman Prabhu (Associate) and Prathiksha Panduranga (Associate) represented the client on the transaction.