Dhara Rail Projects Launches ₹50.2 Crore IPO, Mindspright Legal Advises
Overview
Dhara Rail Projects Limited has launched an initial public offering valued at ₹50.2 crore, aiming to fund its railway project execution and maintenance contracts. Mindspright Legal, led by partner Richa Bhansali, provided crucial advisory services for the transaction.
Dhara Rail Projects Limited, a company specializing in railway project execution and maintenance contracts, has launched its initial public offering (IPO) to raise ₹50.2 crore. Mindspright Legal acted as the advisor on the transaction.
The IPO aims to bolster the company's capital for its operations. Dhara Rail Projects, established in 2010, handles various contractual railway projects, including annual maintenance contracts and repair services for rolling stock systems.
IPO Details
The public offering seeks to raise ₹50.2 crore through the issuance of equity shares. This capital infusion is intended to support Dhara Rail Projects' ongoing and future endeavors within the railway sector.
Company Profile
Founded in 2010, Dhara Rail Projects Limited has built a business centered on executing a range of contractual railway projects. Its services extend to annual maintenance contracts (AMC) and repair work for diverse railway rolling stock systems.
Legal Counsel
Mindspright Legal provided comprehensive advisory services for the IPO. The transaction team included Partner Richa Bhansali, Principal Associate Mayuri Thakkar, Associates Priyanka Chhutani, Tirth Rajpopat, Saksham Bhatnagar, Mansi Khot, Sujata Kumari, and Trainee Associate Himanshi Yadav.
