Avtar Steel Limited has submitted a Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) as it prepares for an initial public offering (IPO). The proposed offering includes a fresh issue of equity shares amounting to ₹585 crore, alongside an offer for sale of up to 5,000,000 equity shares by the promoter selling shareholder.
Legal Counsel and Advisory Teams
CMS IndusLaw serves as the legal advisor for Avtar Steel in navigating the capital markets and regulatory framework pertinent to the IPO. Their counsel encompasses the preparation and submission of the DRHP, handling securities law, regulatory compliance, and other legal intricacies associated with the offering. The CMS IndusLaw team is spearheaded by Mathew Thomas, Partner, supported by Anjanesh Vatsa, Principal Associate, Aman Bahl, Senior Associate, and Associates Khushi Dua, Nikita Srivastava, Sahil Mehta, and Sanjana Gupta.
Role of Economic Laws Practice
Economic Laws Practice (ELP) is advising the book running lead managers—Systematix Corporate Services Limited and Elara Capital (India) Private Limited—on this IPO. The advisory team is led by Geeta Dhania, Partner, with assistance from Associates Anusha Agarwal, Shreya Prakash, Arpita Pattnaik, Shreya Vyas, and Priya Sharma.
About Avtar Steel Limited
Avtar Steel is known for manufacturing specialized stainless-steel long and wire products, offering customized solutions tailored to meet the unique needs of their clients.
For those interested in publishing their Deals, Columns, or Press Releases on Bar & Bench, please complete the form available on their website.
