Investigation Taking Place in Bangalore as ALMT Tackles Highway Infrastructure Limited's 130 Crore IPO Issue
ALMT Legal, a reputable law firm based in Bangalore, acted as the Indian legal counsel for Highway Infrastructure Limited in its recent initial public offering (IPO) worth ₹130 crore. The IPO, which was oversubscribed an impressive 316 times, showcases strong investor confidence in the infrastructure development and management company.
The transaction team from ALMT Legal, led by Senior Partner Rajat Bopaiah, included Partners Souvik Paul Mazumdar and Zac Toby, Principal Associate Aman Singh Poras, Senior Associate Natasha Ponnappa, Associates Nikhil Krishna, Gunjan S. Jain, and Danika A. Joplin.
The comprehensive legal advisory services provided by ALMT Legal covered regulatory compliance and other legal aspects for the IPO. Highway Infrastructure Limited, a company engaged in tollway collection, EPC infrastructure projects, and real estate, aims to expand its business verticals following the successful IPO.
The IPO consisted of a fresh issue of equity shares aggregating to ₹97.52 crore and an offer for sale by existing shareholders amounting to ₹32.48 crore. The offering was a testament to the company's robust financial health and growth potential.
The oversubscription of the IPO indicates a positive outlook for Highway Infrastructure Limited, positioning the company for future growth and expansion in the infrastructure sector. ALMT Legal's role in this successful IPO underscores their expertise in providing legal counsel for complex transactions, further strengthening their reputation in the legal industry.
Highway Infrastructure Limited's successful IPO, with an impressive oversubscription of 316 times, highlights the company's attractive potential in the finance sector. The transaction team from ALMT Legal, consisting of industry veterans, demonstrated their expertise in business and finance law by providing comprehensive legal advisory services for the IPO.
