Eswari Global Metal Industries Limited, commonly known as EMI Metals, is poised to launch an initial public offering (IPO) of equity shares. The IPO will consist of a fresh issue raising up to ₹500 crore, along with an offer for sale of 13,209,451 equity shares by existing shareholders. Renowned law firms Trilegal and CMS IndusLaw have been engaged to provide legal counsel for this significant financial maneuver.
Trilegal is representing EMI Metals and a group of selling shareholders, including C Bharanikumar, Pradeep Chandrasekaran, Prasath Chandrasekaran, Sabarinathan Anbalagan, Hari Sudhan A, Nithin Arumugamas, P Anbalagan, P Arumugam, and Palaniappan Ramalingam. The legal team at Trilegal is spearheaded by Partner Abhinav Maker, with assistance from Senior Associate Maniya Goyal and associates Ipsita Sahoo, Mrinal Kumar, K Prashant Agrawal, and Tejas Kothari.
On the other side, CMS IndusLaw is advising the Book Running Lead Managers, which include DAM Capital Advisors Limited, ICICI Securities Limited, and Motilal Oswal Investment Advisors Limited. The CMS IndusLaw team is led by Partner Mathew Thomas, supported by Principal Associate Shambhavi Kumar, and associates Khushi Dua, Priti Gokhale, Anoushka Sud, Nikita Srivastava, and Sahil Mehta.
EMI Metals, with nearly four decades of industry experience, is a prominent player in the integrated multi-metal and waste recycling sector. Their product portfolio encompasses pure lead and lead alloys, aluminum alloys, copper ingots, tin products, and plastic granules. Notably, EMI Metals is the sole Indian company accredited by the London Metal Exchange for two high-purity lead brands at 99.97% and 99.985% purity levels.
This upcoming IPO marks a significant milestone for EMI Metals, as they aim to leverage the raised capital for further expansion and consolidation in the metal manufacturing and recycling industry. The involvement of leading law firms like Trilegal and CMS IndusLaw underscores the importance and complexity of this financial endeavor.
