Trilegal, DSK Legal act on Laser Power & Infra ₹742 crore IPO

Laser Power & Infra Limited has made an initial public offering of equity shares aggregating to ₹742 crore, comprising a fresh issue aggregating to ₹542 crore and offer for sale of 9,345,793 equity shares by Deepak Goel, Rakhi Goel and Devesh Goel (Promoter Selling Shareholders) aggregating to ₹200 crore.

Trilegal advised Laser Power & Infra and the Promoter Selling Shareholders on this IPO

The transaction was led by Abhinav Maker (Partner), with support from Ajo Jomy (Counsel) and Associates Maniya Goyal, Debarpita Pande, Kalyan Reddy, and Varda Saxena.

DSK Legal advised IIFL Capital Services Limited and ICICI Securities Limited, the book running lead managers on this IPO. The Firm assisted in inter alia conducting due diligence; reviewing the DRHP, RHP and the final Prospectus for filing with SEBI, Stock exchanges and Registrar of Companies; reviewing responses to queries received from SEBI, Stock Exchanges, Depositories until the completion of all activities relating to the public offering; drafting and reviewing of the consent letters and certificates taken from all intermediaries; and drafting, review and negotiating of all agreements relating to the Offer.

The transaction team consisted of Akanksha Dubey (Associate Partner), Associates Forum Vadgama, Mahadevan J, Harshita Dhelia, Kaishena Chauhan and Siddharth Bharadwaj.

Ajay Shaw (Partner) and Avinash Poojari (Partner) acted as the relationship and engagement partners for the Transaction.

Laser Power & Infra is an integrated manufacturer of power cables, conductors and other specialised products and components, supplying to the power transmission and distribution industry in India.

The Company will deploy the proceeds from the IPO for repaying debts and supporting expansion plans.

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