Ceigall India Limited has made an initial public offering (IPO) of 31,243,701 equity shares, raising approximately ₹1,252.66 crore.

ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited were the bankers to the transaction.

Shardul Amarchand Mangaldas & Co advised Ceigall India on the IPO.

The transaction team consisted of Prashant Gupta (Partner- National Practice Head - Capital Markets), Sayantan Dutta (Partner), Romit Raja Srivastava (Senior Associate), Kamiya Marwah (Senior Associate), Purva Mishra (Associate) and Kuldeep Bishnoi (Associate).

Trilegal advised the bankers on the Indian legal aspects.

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

Hogan Lovells Lee & Lee advised the Bankers on Special Purpose International legal aspects.

Wadia Ghandy & Co advised the Promoters of Ceigall Ramneek Sehgal

The IPO, which includes a fresh issue and an offer for sale, was subscribed over 13.78 times overall. 

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