Vidhigya Associates assisted Rajputana Stainless Limited in filing its Draft red Herring Prospectus (DRHP) in the lead up to its proposed Initial Public Offering (IPO) of up to 22,500,000 equity shares.
Vidhigya Associates, Advocates acted as the sole Legal Counsel to Rajputana Stainless on this DRHP filing.
The transaction team included Rahul Pandey (Partner), Vijeta Mishra (Partner), Himanshu Pandey (Partner), Vedang Mehta (Principal Associate), Yash Desai (Associate), Darshi Shah (Associate), Yash Kothari and Vidisha Shetty.
The IPO comprises a fresh issuance of up to 1.9 crore equity shares and an offer-for-sale of up to 35 lakh shares by promoter Shankarlal Deepchand Mehta.
The proceeds are intended to fund capital expenditure for a new manufacturing facility, meet working capital requirements, repay certain outstanding borrowings, and for general corporate purposes.
Rajputana Stainless Limited is engaged in the business of manufacturing of long and flat stainless-steel products comprising of billets, forging ingots, rolled black bar, rolled bright bar, flat & patti and other ancillary products with product offerings in more than eighty (80) diverse grades of stainless steel.
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