Rajani Associates acts for Shanti Inorganics and Vivro Financial Services on IPO

Rajani Associates acted as legal counsel to Shanti Inorganics Limited (“Shanti Inorganics”) and the book running lead manager, Vivro Financial Services Private Limited (“Vivro Financial Services”), in connection with the initial public offering of equity shares by Shanti Inorganics (the “Transaction”). The Transaction raised INR 47.24 crore.

The firm’s scope of work encompassed legal and secretarial due diligence; the drafting, review and finalisation of all chapters of the Draft Red Herring Prospectus, Red Herring Prospectus and Prospectus; preparation and finalisation of responses to queries raised by the NSE; assistance to Shanti Inorganics and Vivro Financial Services in the course of the issue; and the preparation and finalisation of all transaction agreements and ancillary documents. Shanti Inorganics is an Ahmedabad, Gujarat-based manufacturer of sulfur-based inorganic chemicals.

The Transaction team consisted of Sangeeta Lakhi (Senior Partner) and Sommya Khandelwal (Associate).