JSA, Verist Law, and Duane Morris & Selvam LLP advised on Manorama Industries’ INR 500 crore QIP.
Manorama Industries Limited has completed its Qualified Institutions Placement (QIP) of 34,01,360 equity shares of face value ₹2 each, aggregating to ₹500 crore. The QIP was undertaken by the Company to raise capital from qualified institutional buyers.
Manorama Industries is a leading Indian manufacturer of specialty tree-borne oils and fats, primarily derived from Sal and Mango seeds, catering to diverse industries including food, cosmetics, and other specialty applications.
JSA Advocates & Solicitors (JSA) advised Manorama Industries Limited in relation to the QIP.
The JSA Capital Markets team was led by Partner Madhurima Mukherjee Saha, with support from Partner Sagar Batra, Senior Associates Bhavini Mohan, Bhavya Upadhyay, Associates Aryaman Singh, Badal Singh, and Zaier Ahmad.
Verist Law acted as domestic legal counsel to Ambit Private Limited and ITI Securities Limited, the lead managers to the QIP.
The Verist Law capital markets team comprised Srishti Ojha, Iti Mishra, Dhruv Chopra, and Rahul Jacob.
Duane Morris & Selvam LLP acted as special international legal counsel to Ambit Private Limited and ITI Capital Limited, in their capacity as the book running lead managers for the QIP.
The team was led by Director and Head of the U.S. Capital Markets, U.S. Venture Capital and India Practices Jamie Benson, with support from Associate Faiz Jugari (Singapore office).
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