•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Rajani advises CMM Infraprojects on $2.8m IPO on NSE Emerge Platform

“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.

Click to show 2 comments
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.