Chandhiok & Mahajan Advised Mangal Electrical Industries On ₹450 Cr Proposed IPO
Chandhiok & Mahajan Advised Mangal Electrical Industries On ₹450 Cr Proposed IPO
Chandhiok & Mahajan (C&M) acted as the sole counsel in relation to the filing of the draft red herring prospectus for the proposed initial public offering of equity shares (“IPO“) of Mangal Electrical Industries Limited (“MEIL”) up to INR 45,000 lakhs.
MEIL is in the business of processing transformer components, including transformer lamination, CRGO slit coils, amorphous cores and also manufactures transformers with capacities ranging from single-phase 5 KVA to three-phase 10 MVA (medium power) units. It is also involved in providing EPC services for setting up electrical sub-station, catering to the power infrastructure sector.
C&M's Capital Markets team was led by Partner & Head of Capital Markets, Niruphama Ramakrishnan, along with Senior Associate Pranav Gupta, and Associates Keshav Srivastava and Garima Mangla.
