SAM advises Jio Platforms on its historic ₹30,188 crore IPO, the largest public offering in India
With this IPO, SAM has now advised on the five largest IPOs in India.
Securities Law
Cyril Amarchand Mangaldas advises Triveni Power Transmission on the listing of its equity shares following the demerger of Triveni Engineering’s power transmission business
TPTL’s market capitalization on the date of listing was ~ INR 7,000 crore.
Fox & Mandal advises Tenty Ltd on proposed IPO
Fox & Mandal advised the Company on legal due diligence and drafting of the Offer Document in connection with the proposed IPO.
Khaitan & Co. advises JSW Steel and JSW Cement on JSW One Platforms’ proposed ₹30,540.10 Million IPO
Khaitan & Co. acted as Indian legal counsel to the promoter selling shareholders, JSW Steel Limited and JSW Cement Limited, on the proposed initial public offering of JSW One Platforms Limited, comprising a fresh issue of up to ₹13,000 million and an offer for sale of ₹17,540.10 million.
Cyril Amarchand Mangaldas advises PVR INOX Limited on 2.11% Equity Share Buyback
The buyback is being undertaken from all eligible shareholders on a proportionate basis through the tender offer route, at a price of INR 1,450 per equity share, payable in cash, for an aggregate amount not exceeding INR 300,00,00,000.
Cyril Amarchand Mangaldas acted as counsel to the book running lead managers on the IPO of Elevate Campuses Ltd. (Formerly known as Good Host Spaces Ltd.)
The BRLMs were JM Financial Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Morgan Stanley India Company Private Limited.
Shardul Amarchand Mangaldas & Co. advises Hillhouse, Alta Capital and Elevate Campuses Limited on ECL’s Initial Public Offering
ECL owns, operates and manages on-campus student accommodation across higher education institutions and own K-12 Assets. As of March 31, 2026, they are present across 15 cities in India and one city in the United Arab Emirates. It is one of the largest institutional platforms in India focused on professionally managed student accommodation as of June 15, 2026. ECL is India’s first educational infrastructure provider to list in the public markets.
S&R Associates advises Book Running Lead Managers on INR 8.05 Billion IPO of Manipal Payment and Identity Solutions
The S&R team was led by partner Jabarati Chandra, and included associates Akshaya Rengan, Thambiah Jayaram and Pooja Menon.
Cyril Amarchand Mangaldas advises Blackstone Entities on OFS through stock exchange mechanism of 1,110,000,000 units of Knowledge Realty Trust
This transaction was Blackstone’s first OFS in India and was also the largest OFS in India’s private sector.
Cyril Amarchand Mangaldas advises Adani Energy Solutions Ltd. on its INR 3500 Crore QIP
SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited and Jefferies India Private Limited acted as lead managers to the Issue.
Cyril Amarchand Mangaldas advises Shiprocket and Individual Selling Shareholders on the Company’s INR 16,174.85 Million IPO
The book running lead managers to the Offer were Axis Capital Limited, BofA Securities India Limited, JM Financial Limited, and Kotak Mahindra Capital Company Limited.
Shardul Amarchand Mangaldas & Co. advises Book Running Lead Managers on USD260 million IPO of LEAP India, KKR’s First IPO in India as Promoter
LEAP India is the largest on-demand asset pooling provider in India’s supply chain management sector, based on the number of pooled assets, according to the F&S Report.
Cyril Amarchand Mangaldas acts as Indian legal counsel to Lohia Corp Ltd. on its IPO
CAM also advised Amit Kumar Lohia and Gaurav Lohia, promoters of the Company, and certain other shareholders of the Company in their secondary Pre-IPO sale of Equity Shares of the Company aggregating to ₹2,949.50 million.
S&R Associates advises UltraTech Cement on INR 50 billion listed NCD issuance through private placement
S&R Associates advised UltraTech Cement Limited on its INR 50 billion issuance of listed non-convertible debentures through private placement.
CAM advises Elevation Capital V Limited, SAIF III Mauritius Company Ltd. and SAIF Partners India IV Ltd. on block sale of equity shares of One97 Communications Ltd.
Cyril Amarchand Mangaldas advised Elevation Capital V Limited, SAIF III Mauritius Company Ltd. and SAIF Partners India IV Ltd. on the block sale of equity shares of One97 Communications Ltd.
S&R Associates Advises Equirus Capital and Motilal Oswal on Lohia Corp’s ₹11.01 Billion IPO
S&R Associates advised Equirus Capital and Motilal Oswal, the book running lead managers, on Lohia Corp Limited’s ₹11.01 billion initial public offering.
Prashaant Vikram Rajput joins Fox & Mandal as Partner – Capital Markets in Mumbai
Prashaant Vikram Rajput has earlier worked with Economic Laws Practice, Luthra & Luthra Law Offices, and Dentons Link Legal.
SAM advises Underwriters on SBI Funds Management’s ₹ 11,675.29 cr IPO including pre-IPO sales of ₹ 1,879.97 cr by promoter selling shareholders
The IPO is the largest public offering in India in 2026 to date and marks a significant milestone for the Indian capital markets. The equity shares were listed on the stock exchanges on 21 July 2026.
S&R Associates advises Amundi Group on SBI Funds Management’s IPO and Pre-IPO Secondary Sales
The aggregate proceeds to Amundi and SBI were INR 116.75 billion (approx. US$ 1.21 billion), with INR 97.95 billion (approx. US$ 1.02 billion) raised in the IPO and INR 18.80 billion (approx. US$ 195.25 million) in the pre-IPO secondary sales.
Shardul Amarchand Mangaldas Advises Ather Energy on ₹1,300 Crore Qualified Institutions Placement
The issue was priced at a 2.76% premium to the floor price determined in accordance with applicable law and saw participation from marquee institutional investors, including ADIA and affiliates of mutual funds and insurance companies such as ICICI Prudential Life Insurance, HDFC Life Insurance, LIC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund and HSBC Mutual Fund, among others.