Shardul Amarchand Mangaldas & Co. Advises Intensive Fiscal Services, Axis Capital, JM Financial

Shardul Amarchand Mangaldas & Co. advised Axis Capital Limited, Intensive Fiscal Services Private Limited and JM Financial Limited (collectively, “Book Running Lead Managers”) for the IPO of equity shares of Gopal Snacks Limited (“Issuer”). The deal is valued approximately at USD 78 million.

This IPO had an overall demand of over 9x the deal size and the qualified institutional buyers component had over 17x demand. The Company, a fast moving consumer goods company in India, offering ethnic snacks, western snacks and other products under the brand ‘Gopal’, has a footprint across India.

The team was led by Prashant Gupta, Partner, National Practice Head, Capital Markets; Ruth Chenchiah, Partner; Sanjana Chowdhry, Senior Associate; and Jheel Bhargava, Associate.