DSK Legal acted as a sole counsel to Corrtech International Limited (“Company”) and Equirus Capital Private Limited, Book Running Lead Manager (“BRLM”) with respect to the initial public offering comprising of a fresh issue of equity shares aggregating up to ₹3,500 million and an offer for sale of 4,000,000 equity shares of the Company held by its promoter individually as well as jointly with the members of the promoter group. The DRHP has been filed with SEBI on March 17, 2022.
DSK Legal assisted in (i) drafting of the DRHP for filing with SEBI, stock exchanges and assistance in finalisation and filing of the same; (ii) drafting of the consent letters taken from all intermediaries; (iii) carrying out customary due-diligence; (iii) drafting standard certificates and undertakings required from the Company, directors, promoter, promoter group, subsidiaries, group companies, auditors and selling shareholders and additional certificates relating to consents required from various parties for the offer; (iv) drafting of comfort letter; (v) drafting of the offer agreement; (vi) drafting of other agreements in relation to the offer, including ad agency agreement and the registrar agreement; (vii) legal sign-off on announcements regarding events during the offer period; (viii) drafting and finalizing the SEBI Cover Letter and ICDR Checklist for submission to SEBI; (ix) drafting and reviewing of all board resolutions and shareholder resolutions required to be passed by the Company; and (x) providing advice on the changes required in the Memorandum and Articles of Association.
The team representing DSK Legal comprised of Associate Partner, Mr. Gaurav Mistry; Principal Associate, Mr. Avinash Poojari; Senior Associate, Ms. Akanksha Dubey and Mr. Vardhman Mehta & Associates, Ms. Rishika Raghuwanshi, Mr. Avishek Banerjee and Mr. Jigar Sampat & Trainee, Mr. Anupam Verma.
Partner, Mr. Ajay Shaw acted as the engagement partner for this assignment