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Rail Vikas Nigam Limited, a project-executing agency of the Ministry of Railways, has filed its draft red herring prospectus for its Initial Public Offer (IPO) with the SEBI on March 27.
The value of the IPO is estimated to be upto Rs.630 crores, which will be undertaken by the government selling approximately 208.5 million of its shares in the company to the public.
The underwriters to the IPO are Yes Securities India, Elara Capital India and IDBI Capital India.
Verist Law represented the underwriters on the IPO. The team was led by Partners Srishti Ojha and Suchita Ambadipudi along with associates Eshika Maji, Rajat Jain and Trisha Dasgupta.
DSK Legal acted for Rail Vikas Nigam and the government. The team was led by partner Tushar Ajinkya along with Akansha Tiwary, Himani Sharma and Jinal Shah.