Rajani Associates acts on Shanti Inorganics IPO

Shanti Inorganics Limited has raised ₹47.24 crore from an initial public offering of equity shares.

Rajani Associates advised Shanti Inorganics as well as the book running lead manager, Vivro Financial Services Private Limited, on this IPO. The Firm's role included conducting legal and secretarial diligence; drafting, reviewing and finalizing all chapters of the Draft Red Herring Prospectus, Red Herring Prospectus and Prospectus; preparing and finalizing responses to queries raised by the NSE; assisting Shanti Inorganics and BRLM in the Issue; preparing and finalising all agreements; and preparing and finalising all ancillary documents.

The transaction team consisted of Sangeeta Lakhi (Senior Partner) and Sommya Khandelwal (Associate).

Based in Ahmedabad, Gujarat, Shanti Inorganics is a manufacturer of sulfur-based inorganic chemicals.

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