Shardul Amarchand Mangaldas & Co. advised Premier Energies Limited on its initial public offering of equity shares aggregating to approximately US$ 337.10 million through a combination of a fresh issue and an offer for sale of shares by one of the promoters, Chiranjeev Singh Saluja and the investor selling shareholders, South Asia Growth Fund II Holdings and South Asia EBT Trust (entities affiliated with GEF Capital).
The equity shares were listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited on September 3, 2024. The initial public offering was subscribed over 74.38 times overall, with the qualified institutional buyers component being subscribed over 216.17 times and the non-institutional buyers component being subscribed over 50.04 times. SAM & Co. team was led by Prashant Gupta, Partner, National Practice Head – Capital Markets; Devi Prasad Patel, Partner; Kamiya Marwah, Senior Associate; Megha Mehta, Associate and Kaushik Parkhe, Associate.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and ICICI Securities Limited acted as the Book Running Lead Managers in the IPO.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration.
SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law and infrastructure, energy and project finance.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 850 lawyers including 181 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.