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The offering, led by the largest syndicate of BRLMs on an Indian IPO, was the second largest IPO in India and the largest IPO undertaken by a stock exchange in Asia.
The S&R team was led by partners Sandip Bhagat and Jabarati Chandra, and included associate Aarush Sharma.
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 mandate involved advising on a broad range of regulatory, disclosure, diligence, and transaction execution matters. The IPO is one of the most closely anticipated listings in Indian capital markets and is the second largest initial public offering, to date.
Cyril Amarchand Mangaldas is advising the National Stock Exchange of India Limited on its proposed IPO, involving an offer for sale by certain existing shareholders and one of India’s most significant capital markets transactions.