Shardul Amarchand Mangaldas advises Uniparts India Limited in relation to its Initial Public Offering

December 12, 2022

Shardul Amarchand Mangaldas & Co. advised Uniparts India Limited in relation to its initial public offering of 14,481,942 equity shares aggregating to INR 8,356.08 million, comprising entirely of an offer for sale by members of the promoter group, investors, and 14 individual shareholders. The deal is valued at USD 101.51 million (approx.). Shardul Amarchand Mangaldas & Co also advised the Promoter Group Selling Shareholders in the said IPO. The equity shares of the Issuer were listed on the BSE and NSE on 12 December, 2022 and was oversubscribed 25.32 times, with the QIB portion oversubscribed 67.14 times.

The deal team was led by Prashant Gupta, Partner, National Practice Head, Capital Markets; Abhiroop Datta, Partner; Anjali Verghese, Principal Associate; Rudresh Mandal, Associate; and Kamiya Marwah, Associate.

AZB & Partners advised the book running lead managers, Axis Capital Limited, DAM Capital Advisors Limited and JM Financial Limited in Indian law aspects.

Hogan Lovells Lee & Lee advised the book running lead managers in foreign law aspects.

Khaitan & Co. acted as the legal counsel to the Investor Selling Shareholders, Ashoka Investment Holdings Limited and Ambadevi Mauritius Holding Limited.

Rajani Associates, Solicitors acted as the legal counsel to the Individual Selling Shareholders.