30 Oct 2025

"Sky Alloys and Power Limited Announces IPO with Kanga & Co as Advisors"

"Sky Alloys and Power Limited, a steel manufacturing company based in Raigarh, Chhattisgarh, India, has announced plans for an Initial Public Offering (IPO) of equity shares, including a fresh issue of up to 16,084,000 shares and an offer for sale of up to 1,807,000 shares. Kanga & Co is advising the company and its lead managers, Gretex Corporate Services Limited and Arihant Capital Markets Limited, on the IPO."

Kanga & Co advised Sky Alloys and Power Limited, the issuer, as well as the Book Running Lead Managers, Gretex Corporate Services Limited and Arihant Capital Markets Limited, on the Initial Public Offering (IPO) of Equity Shares. The transaction involved an IPO comprising a fresh issue of up to 16,084,000 Equity Shares and an offer for sale of up to 1,807,000 Equity Shares. Sky Alloys and Power Limited is a steel manufacturing company producing Sponge Iron, Mild Steel Billets, Ferro-Alloys, and TMT bars, with manufacturing facilities located in Raigarh, Chhattisgarh, India. The transaction team from Kanga & Co was led by Senior Partner Chetan Thakkar, with support from Principal Associate Tejal Patankar and Associates Pooja Lalwani, Suphla Singh, and Meghna Sharma.
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