Shardul Amarchand Mangaldas & Co. advised Ceigall India Limited on its initial public offering (IPO) of 31,243,701 equity shares, raising approximately INR 1,252.66 crore. The IPO, which includes a fresh issue and an offer for sale, was subscribed over 13.78 times overall. The deal is valued approximately at USD 149.20 Million.
The SAM & Co. team was led by Prashant Gupta, Partner- National Practice Head - Capital Markets; Sayantan Dutta, Partner; Romit Raja Srivastava, Senior Associate; Kamiya Marwah, Senior Associate; Purva Mishra, Associate, and Kuldeep Bishnoi, Associate.
ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited served as the Book Running lead managers.
Trilegal and Hogan Lovells Lee & Lee advised the Book Running lead managers on the Indian and Special Purpose International legal aspects.
Wadia Ghandy & Co., Advocates & Solicitors advised the Promoter Selling Shareholders, Promoter Group Selling Shareholders and Individual Selling Shareholder on the Indian Law aspects.