“CMM Infraprojects is coming out with an initial public offering (IPO) of 45,45,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 40.00 per equity share.The shares will be listed on Emerge Platform of NSE. The share is priced 4 times higher to its face value of Rs 10,” reported Finalaya. The issue opened on September 29th and closed on October 4th and it was a 100% book-built issue.

Rajani Associates acted as the sole legal advisors on the issue for CMM Infraprojects, led by partner Sangeeta Lakhi, head of the department (domestic capital market) Sulakshna Sinha and associates Rahul Pandey, Amit Iyer and Kairav Parikh. The transaction involved legal diligence of the company and preparing chapters for the prospectus filed with the Emerge Platform of the NSE.

Systematix Corporate Services Limited was the book running lead manager to the issue.