Deal Street

May 17, 2017

Shardul Amarchand Mangaldas & Co Advises In Relation To Rs 729 Crore IPO Of S Chand And Company


Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas & Co has acted as the legal counsel to the Book Running Lead Managers as to Indian law in relation to the Initial Public Offering (IPO) of S Chand And Company Limited (S Chand).

S Chand is a leading Indian education content company, delivering content, solutions and services across the education lifecycle throughout the kindergarten, secondary education, higher education and early learning segments.

The Capital Markets Practice of Shardul Amarchand Mangaldas & Co was led by Mr. Prashant Gupta, Partner, National Practice Head -Capital Markets; and included Sayantan Dutta, Partner; Serena Upadhyay, Senior Associate; Devi Prasad Patel, Associate; and S. Nagashayana, Associate.

As a part of the IPO transaction, up to 10,873,982 equity shares of S Chand were offered, including 4,850,746 equity shares being offered through a fresh issue by the company and 6,023,236 equity shares being offered by certain shareholders of S Chand (including an offer for sale of 4,814,736 equity shares by Everstone Capital Partners II LLC).

The Parties involved in the transaction were JM Financial Institutional Securities Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited (collectively, the ‘Book Running Lead Managers’ or ‘BRLMs’), Everstone Capital Partners II LLC and certain other selling shareholders in the Offer.

Other advisors involved in the transaction were as follows:

Book Running Lead Managers: JM Financial Institutional Securities Limited, Axis Capital Limited and Credit Suisse Securities (India) Private Limited acted as the Book Running Lead Managers to the Offer.

AZB & Partners has also acted as the legal counsel to S Chand as to Indian law while Clyde & Co has acted as the legal counsel to the BRLMs as to international law.

The Prospectus was registered with the Registrar of Companies, National Capital Territory of New Delhi and Haryana on May 2, 2017.

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