Trilegal Advised Book-Running Lead Managers On ₹12,526 Million Ceigall India IPO

Trilegal Advised Book-Running Lead Managers On ₹12,526 Million Ceigall India IPO

Trilegal advised the book-running lead managers on the initial public offering (IPO) by Ceigall India Limited (Company), aggregating to ₹12,526 million.

The Company is an infrastructure company with experience in specialised structure works such as flyovers, elevated roads, railways over bridges, highways, expressways, runways and tunnels. The Company proposes to utilise the issue proceeds for purchase of equipment and repayment of debt of the Company and its subsidiary.

The syndicate of book-running lead managers comprised ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited.

The issue was oversubscribed 14.01 times, and the equity shares were listed at a premium of 4.5%.

The Trilegal Capital Markets team was led by Partner Richa Choudhary and included Avanti Kale, Counsel; Sanya Chaudhari, Senior Associate; and Aman Bahl and Shivayana Balodia, Associates.