Khaitan & Co Advised KEI Industries On ₹20,000 Million QIP

Khaitan & Co Advised KEI Industries on ₹20,000 Million QIP

Khaitan & Co advised KEI Industries Ltd. on its QIP worth INR 20,000 million. The QIP, which opened on November 25 and closed on November 28, marks a significant milestone for KEI Industries in strengthening its financial position and funding growth initiatives.

Following the issuance, KEI Industries’ paid-up equity share capital increased to INR 191.1 crore, comprising 9.55 crore shares. The funds will be utilized to enhance the company’s financial flexibility, support strategic growth initiatives, and reinforce its balance sheet.

The offering saw robust interest from 104 institutional investors, including leading domestic mutual funds. Kotak Mutual Fund emerged as the largest investor, receiving 27.51% of the shares, with allocations to its Kotak Emerging Equity Scheme and Kotak Small Cap Fund.

Other prominent participants included Motilal Oswal Midcap Fund, securing 13%, and Government Pension Fund Global, which acquired 5.15%. ICICI Prudential Mutual Fund’s Balanced Advantage Fund and Midcap Fund collectively accounted for an additional 13% of the total allotment.

The Khaitan & Co deal team was led by Partners Gautham Srinivas and Sathvik Ponnappa, with support from Principal Associate Pulkit Singh Rahangdale, Associates Shweta Sivaram, Anubhav Jaiswal, Dharini Shanker, and Mainak Pani, alongside assistance from Associates Nandini Didwania and Sarvesh Sharma.

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