Khaitan & Co advises Book Running Lead Managers on Runwal Enterprises’ INR 5 Billion IPO
ICICI Securities Limited, and Jefferies India Private Limited acted as the Book Running Lead Managers on the issue.
ICICI Securities Limited, and Jefferies India Private Limited acted as the Book Running Lead Managers on the issue.
Khaitan & Co advised the book running lead managers on Indian law matters in connection with JSW One Platforms Limited’s proposed IPO of up to ₹30,540.10 million, comprising a fresh issue and an offer for sale by existing shareholders.
Khaitan & Co advised JM Financial Limited, Goldman Sachs (India) Securities Private Limited and SBI Capital Markets Limited, the Book Running Lead Managers (BRLMs), on Indian law matters in connection with the IPO of Carlyle Group-backed Varmora Granito Limited.
This is the second largest IPO in India by India’s largest stock exchange and the world’s largest multi asset class exchange. The issue size was INR 226 billion (approximately USD 2.36 billion).
The IPO comprised of an offer for sale by institutional investors including Avenue India, Federal Bank, Lathe Investment and SBI, aggregating to INR 7,350 million
This Company is the first to be listed in the segment of growing multi-brand luxury omni-channel fashion platform in India. The equity shares of the Company commenced listing and trading on NSE and BSE on September 7, 2026.
The transaction is the first IPO by a KKR-promoted company in India.
The book running lead managers to the Offer were Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited and 360 ONE WAM Limited.
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.
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.
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.
Cyril Amarchand Mangaldas is advising Jio Platforms Ltd. on its proposed initial public offering, acting as legal counsel on one of India’s significant anticipated capital markets transactions.
This is expected to be largest IPO in the history of Indian Capital Markets. The Company’s subsidiary Reliance Jio Infocomm is the largest digital connectivity player in India. Investors in the Company include Meta, Google, ADIA, TPG and Mubadala.
The public issue was subscribed 52.93 times in total, 11.67 times in the retail category and 164.68 times in the Qualified Institutional Buyers (QIB) category. The Non-Institutional Investors (NII) segments with bids of between ₹2 to ₹10 lakhs and above ₹10 lakhs were subscribed 119.37 and 72.94 times respectively.