Trilegal advised the book-running lead managers on the initial public offering (“IPO“) by Ceigall India Limited (“Company”), aggregating to INR 12,526 million.
The Company is an infrastructure company with experience in specialised structure works such as flyovers, elevated roads, railways over bridges, highways, expressw ays, runways and tunnels. The Company proposes to utilise the issue proceeds for purchase of equipment and repayment of debt of the Company and its subsidiary.
The syndicate of book-running lead managers comprised ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited.
The issue was oversubscribed ~14.01 times, and the equity shares were listed at a premium of ~ 4.5%.
The Trilegal Capital Markets team was led by Partner Richa Choudhary, and comprised Avanti Kale, Counsel; Sanya Chaudhari, Senior Associate; Aman Bahl and Shivayana Balodia, Associates.
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About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.
For more information, please contact:
Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com

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