Shardul Amarchand Mangaldas advises Paradeep Phosphates Limited and Zuari Maroc Phosphates in relation to the IPO of equity shares of Paradeep Phosphates Limited amounting to U.S.$ 194.40 million
June 10, 2022
Shardul Amarchand Mangaldas & Co. advised Paradeep Phosphates Limited and Zuari Maroc Phosphates Private Limited in relation to the initial public offering of equity shares of Paradeep Phosphates Limited. The deal is valued at U.S.$ 194.40 million (approx.). The date of allotment of the equity shares was 24 May, 2022.
Despite the volatile market conditions prevailing at the time of launch, the IPO was overall subscribed 1.42x, with the qualified institutional buyer portion being subscribed 3.40x and the anchor investor portion being subscribed 1.04x.
The transaction team was led by Prashant Gupta, Partner; Sayantan Dutta, Partner; Sanjana Chowdhry, Senior Associate; Addway Bandyopadhyay, Senior Associate and Shivang Agarwal, Associate.
Khaitan & Co. and Sidley Austin LLP advised the Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited (“Book Running Lead Managers”) on domestic legal and international legal aspects, respectively.
The Bar Council of India does not permit solicitation of work and advertising by legal practitioners and advocates. By accessing the Shardul Amarchand Mangaldas & Co. website (our website), the user acknowledges that:
The user wishes to gain more information about us for his/her information and use. He/She also acknowledges that there has been no attempt by us to advertise or solicit work.
Any information obtained or downloaded by the user from our website does not lead to the creation of the client – attorney relationship between the Firm and the user.
None of the information contained in our website amounts to any form of legal opinion or legal advice.
All information contained in our website is the intellectual property of the Firm.