The firm acted as the sole legal counsel to the Company and BRLM and was involved in conducting diligence and drafting of the offer documents, standard certificates, agreements and also advised the Company and BRLM on various aspects under Indian law.
The Issue comprises a fresh issue of 50,74,100 equity shares of the Company, aggregating up to Rs 175 crores. The Company intends to use the proceeds of the Issue for financing the project cost towards capacity expansion and backward integration for manufacturing of hollow pipes, to meet their long-term working capital requirements, and other general corporate purposes.
The transaction team was led by Geeta Dhania (Partner), Prashaant Vikram Rajput (Partner Designate), and ably assisted by Associates Tripti Pandey, Apurva Singh, Rohit Patni, Sakshi Mandal and Ridhi Jain. https://www.financialexpress.com/market/ipo-news/venus-pipes-and-tubes-looks-to-raise-capital-for-expansion-via-ipo/2386043/i