Shardul Amarchand Mangaldas & Co has acted on the recent INR 2,000 crore Qualified Institutional Placement (QIP) of Craftsman Automation. Axis Capital acted as the sole placement agent and Book Running Lead Manager (BRLM) on this transaction. JSA and Hogan Lovells have acted as the domestic and international counsel respectively to the placement agent, Axis Capital, on this QIP.
Craftsman Automation said in an exchange filing that its Fund Raising Committee approved the allotment of 22,98,850 equity shares to eligible QIBs at INR 8,700 per share, raising about INR 1,999.99 crore. The issue price included a premium of INR 8,695 per share and a discount of INR 266.13 per share, or 2.97 percent of the floor price.
SAM Capital Markets Team comprised partners Nikhil Naredi and Devi Prasad Patel, principal associate Harsh Loonker, senior associate Veronica Miranda and associates Najeeb Din and Richa Singh.
JSA transaction was led by partner Arka Mookerjee. The Capital Markets team comprised partners Siddhartha Desai and Ananth Balaji, and associates Aditya Shendye, Aditya Sureka, Ishika Jain, and Sourav Jena.
The Hogan Lovells Capital Markets team was led by head of the India practice and Dubai office managing partner, Biswajit Chatterjee, with support from counsel Varun Jetly, and senior associate Aditya Rajput.
