Shardul Amarchand Mangaldas & Co. advises Anupam Rasayan India Limited in its initial public offering of equity shares

March 26, 2021

Shardul Amarchand Mangaldas & Co. advised Anupam Rasayan India Limited in its initial public offering of equity shares. The issue constitutes 13.73% of the post-issue paid-up equity share capital of Anupam Rasayan India Limited. The deal is valued at USD 104.71 million. The date of listing was 24 March 2021.

Anupam Rasayan India Limited is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India. The Issue was oversubscribed 44.06 times with strong investor participation.

The transaction team was led by Prashant Gupta, National Practice Head – Capital Markets; Sayantan Dutta, Partner; Trishita Dasgupta, Senior Associate; Ajo Jomy, Associate; Jayant Bhardwaj, Associate; and Koshy Mammen, Associate.

Khaitan & Co and Squire Patton Boggs (MEA) LLP advised Axis Capital Limited, Ambit Private Limited, IIFL Securities Limited and JM Financial Limited on Indian and International legal aspects, respectively.