JSA advised JTL Industries Limited (the “Company“) and Nuvama Wealth Management Limited in the qualified institutions placement of equity shares of the Company.
JTL Industries has allotted 1,42,18,009 equity shares of face value Rs 2 each to eligible qualified institutional buyers at the issue price of Rs 211 per equity share (including a premium of Rs 209 per equity share) which includes a discount of Rs 10.57 i.e., 4.77% of the floor price, aggregating to Rs 299.99 crore, pursuant to the issue.
The Company manufactures structural steel tubes and pipes, such as solar mounting structures, galvanized steel tubes and pipes, metal beam crash barriers, for application in various sectors including irrigation and agriculture, construction, energy, infrastructure, real estate and railways.
The transaction team comprised lead partner – Madhurima Mukherjee Saha, Partners – Mathew Thomas and Shivali Singh, Associates – Bhavini Mohan, Shristi Kanchan, Rishika Kharbanda and Khushi Dua.
