Investcorp India Acquisition Corp. Announces Pricing of US$225M IPO

Winston & Strawn LLP represented Investcorp India Acquisition Corp. (NASDAQ: IVCAU, the Company), a newly incorporated blank check company, which has announced the pricing of its IPO of 22,500,000 units at a price of US$10.00 per unit. The units will be listed on the Nasdaq Global Market (“NASDAQ”) and are expected to trade under the ticker symbol “IVCAU,” beginning on May 10, 2022. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant of the Company. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of US$11.50 per share. Once the securities comprising the units begin separate trading, the shares and warrants are expected to be traded on NASDAQ under the symbols “IVCA” and “IVCAW,” respectively. While the Company may pursue a business combination target in any business, industry, or geographical location, it intends to focus its search for a target located in India in sectors the Company expects will have a high-potential for growth and for generating strong returns for its shareholders. Credit Suisse Securities (USA) LLC is the sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,375,000 units at the IPO price to cover over-allotments, if any.