Cyril Amarchand Mangaldas Advised Stanley Lifestyles On ₹5.37 Billion IPO
Cyril Amarchand Mangaldas advised Stanley Lifestyles Limited, as their Legal Counsel as to Indian Law, on the initial
Cyril Amarchand Mangaldas Advised Stanley Lifestyles On ₹5.37 Billion IPO
Cyril Amarchand Mangaldas advised Stanley Lifestyles Limited, as their Legal Counsel as to Indian law, on the initial public offering of 14,553,508 equity shares aggregating to ₹ 5,370.24 million (the “Offer”).
The IPO comprised of a fresh issue and an offer for sale by certain shareholders of the Company, including the promoters and Oman India Joint Investment Fund II.
The Offer was oversubscribed over 96x times and the QIB Portion witnessed the second highest subscription ever for a main board listing in over 10 years, with being oversubscribed ~215x times. The Company witnessed a stellar listing on the stock exchanges, with a premium of nearly over 34%.
The Book Running Lead Managers to the Offer were Axis Capital Ltd., ICICI Securities Limited. Mumbai, JM Financial Ltd and SBI Capital Markets Limited.
The transaction team at Cyril Amarchand Mangaldas included Partner Yash J. Ashar, Partner Vinay Sirohia, Senior Associate Jhalak Shah, and Associates Rajshree Agarwal, Arikta Shetty, Eesha Tirodkar, Sushant Khalkho, and Anish Meduri.
Additionally, the team advising the promoter selling shareholders and the individual selling shareholders consisted of Partner Janhavi Manohar and Senior Associate Neha Sahgal.