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3rd floor, B-10, Bajaj Bhawan, JamnaLal Bajaj Marg, Sector -3, Noida - 201 301 -India
Company:
A promising technology company catering to the automobile industry, incorporated around 15 years ago. The company specializes in design, development, manufacturing, and servicing of Vehicles, Road Safety, and Security Solutions. It successfully launched its Initial Public Offering (IPO) approximately two years ago.
Problem/objective
The company aimed to expand its presence across multiple states in India, necessitating substantial funding to support this growth initiative.
Advisory:
Initially, the company management planned a Follow-on Public Offer (FPO). However, after a thorough analysis of the company’s expansion strategy, growth plans, timeline, and financial requirements, the IEP advisory team recommended an alternative approach.
We suggested raising approximately 20 Cr through a preferential warrant route, with a clear plan to convert these warrants into fully paid-up shares within three months, thereby fueling the company’s growth ambitions efficiently.
Final outcome
IEP managed the entire process, which included:
• Arranging a Merchant Banker
• Identifying and connecting with the right investors
• Facilitating seamless communication between investors and company management
• Ensuring the timely and successful completion of the preferential allotment
Our expertise and strategic guidance ensured a smooth and efficient fundraising process, empowering the company to drive its expansion across multiple states in India seamlessly.