Jupiter Wagons Limited, a company specializing in mobility solutions spanning rail, road, and marine transport, announced it successfully raised ₹800 crore via a Qualified Institutional Placement
SAM & Co provided advisory services to Systematix Corporate Services Limited and Nuvama Wealth Management Limited (formerly Edelweiss Securities Limited) as lead managers for the Qualified Institutions Placement (QIP) of equity shares by Jupiter Wagons Limited. The placement was executed at INR 655.50 per equity share, raising a total of INR 800 crores.
The raised funds are intended to bolster Jupiter Wagons’ working capital, support capital expenditures for machinery purchases, and contribute to general corporate purposes.
The transaction was overseen by Nikhil Naredi (Partner), with support from Harsh Loonker (Senior Associate), Rakshita Poddar, Veronica Miranda (Associates), and Mansavi Bihani (Associate Trainee).
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