Cyril Amarchand Mangaldas, ELP act on Ratnadeep Retail ₹400 crore IPO

Ratnadeep Retail Limited has filed a draft red herring prospectus to raise an amount aggregating up to ₹400 crore via fresh issue and an Offer for Sale of up to 14,860,000 Equity Shares bearing face value of ₹1 each.

Cyril Amarchand Mangaldas is advising Ratnadeep Retail on this IPO, according to the DRHP.

Economic Laws Practice is advising the book running lead managers, Motilal Oswal Investment Advisors Limited, Axis Capital Limited and DAM Capital Advisors Limited, on this IPO.

The transaction was led by Geeta Dhania (Partner), with assistance from Shreeya Srungarapu (Senior Associate), Associates Arpita Pattnaik, Shreya Prakash and Shefali Jain.

Ratnadeep Retail is a market-leading organised retailer catering to the daily needs of customers across the states of Andhra Pradesh, Telangana and Karnataka with nearly three decades of presence in the industry. It operates in a dual-format network under (i) Ratnadeep, comprising ‘Ratnadeep-Mindful Living’ and ‘Ratnadeep Select’ and (ii) National Mart.

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