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Qualified institutions placement by Shyam Metalics and Energy Limited

Deal
January 22, 2024

JSA advised Shyam Metalics and Energy Limited in relation to its qualified institutions placement for an issue of 24,051,165 equity shares to qualified institutional buyers aggregating to ₹ 13,853.40 million (“QIP”). ICICI Securities Limited were the placement agents to the QIP. Shyam Metalics and Energy Limited filed the placement document on January 5, 2024.

Shyam Metalics and Energy Limited is a leading integrated steel and ferro alloys producer, in terms of long steel products, in the eastern region of India and amongst the largest producers of ferro alloys, aluminium foils and pellets in India.

Deal value: ₹ 13,853.40 million

Our Transaction Team Comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Principal Associate – Anshu Bansal, Senior Associate – Sourav Modi, Associate – Shambhavi Kumar and Reshmi Prabhakar.

POST TAGS

Tags Banking and Financial Services, Capital Markets, Energy, JSA, Leading Law Firm, Leading Lawyers, QIPs

Anshu Bansal Partner

Anshu practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space etc.).

Arka Mookerjee Partner

Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.

Pracheta Bhattacharya Partner

Pracheta practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space, ADR, GDR etc.).

Sourav Modi Senior Associate

Sourav specialises in the area of capital markets and securities. He has advised issuers, investment bankers and underwriters in various equity and debt capital markets transactions involving Infrastructure Investment Trusts (InvITs), IPOs, QIPs, Rights Issuances and bond issuances.