Avtar Steel Limited has filed a Draft Red Herring Prospectus with SEBI for an initial public offering comprising a fresh issue of equity shares aggregating up to ₹585 crore and an offer for sale of up to 5,000,000 equity shares by the promoter selling shareholder.
CMS INDUSLAW is advising Avtar Steel on the capital markets and regulatory aspects of the proposed IPO, including the preparation and filing of the DRHP and related transaction documentation, securities law and regulatory matters, and other legal aspects in connection with the proposed offering.
The transaction team consists of Mathew Thomas (Partner), Anjanesh Vatsa (Principal Associate), Aman Bahl (Senior Associate), Associates Khushi Dua, Nikita Srivastava, Sahil Mehta and Sanjana Gupta.
Economic Laws Practice is advising the book running lead managers, Systematix Corporate Services Limited and Elara Capital (India) Private Limited, on this proposed IPO.
The transaction is being led by Geeta Dhania (Partner), with assistance from Associates Anusha Agrawal, Shreya Prakash, Arpita Pattnaik, Shreya Vyas and Priya Sharma.
Avtar Steel is a manufacturer of stainless-steel long and wire products of special grades providing customized tailor-made solutions to their customers.
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