Shivalaya Construction Limited has proposed an initial public offering of equity shares comprises a fresh issue of up to ₹450 crore and an offer for sale of up to 24,861,900 equity shares (face value ₹2 each) by the promoter selling shareholders and promoter group selling shareholders.

Trilegal is advising Shivalaya Construction and the selling shareholders on this IPO.

The transaction team is led by Abhinav Maker (Partner) and consists of Ajo Jomy (Counsel) and Associates Maniya Goyal, Jayant Saxena, Animan Sharma and Kaushik Parkhe.

JSA Advocates & Solicitors is advising IIFL Capital Services Limited, Axis Capital Limited, and JM Financial Limited, the Book Running Lead Managers to this IPO.

The transaction team was led by Arka Mookerjee (Partner), with support from Siddhartha Desai (Partner), Ananth Balaji (Principal Associate), and Associates Vatsla Varandani, Aditya Shendye, Ayushi Pandit, Ishika Jain, Vaishnavi Kokkonda and Johann Duckworth.

Shivalaya Construction is an integrated infrastructure engineering, procurement and construction player with a focus on roads, highways and bridges, having executed 41 projects, across 19 states and union territories in India. It has more than 25 years of experience in the construction, development, and maintenance of roads and highways, which includes specialized structures such as elevated roads, flyovers, bridges, and railway overbridges. The Company has constructed over 2,700 lane kms of roads and highways and has executed projects ranging from 14 lane kms to 210 lane kms and has over 1,500 lane kms of ongoing projects.

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