
Chandhiok & Mahajan (C&M) is advising Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited in relation to the proposed initial public offering of equity shares of Ajay Poly Limited (the “Company” and such offering, the “IPO“) comprising a fresh issue of up to INR 2,380.00 million and an offer for sale aggregating up to 9,300,000 equity shares by certain existing shareholders of the Company.
The Company is a manufacturer of refrigeration sealing solutions, profile extrusion, and glass products for the appliance industry.
The C&M Capital Markets team was led by partner & head of Capital Markets – Niruphama Ramakrishnan, along with Senior Associate – Shristi Kanchan and Associates – Rishika Sharma & Garima Mangla.

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