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Zetwerk is a technology-led, asset-light manufacturing platform that helps customers across sectors such as renewable energy, consumer electronics, AI infrastructure, aerospace and defence build complex products through a global supplier network and its own manufacturing facilities.
The IPO was undertaken entirely through an offer for sale by Bonfiglioli S.p.A., the company’s promoter. The offering witnessed strong investor demand, with the issue subscribed over 46 times overall and the qualified institutional buyer (QIB) portion was subscribed over 120 times.
The transaction involved 32 sellers, comprising the founders, the Institutional Sellers and angel investors.
The Firm successfully defended the Resolution Professional against each of these challenges before the Hon’ble NCLT, reflecting the effectiveness of a coordinated commercial and legal strategy in complex insolvency proceedings.
The book running lead managers for the Offer were Motilal Oswal Investment Advisors Limited, Avendus Capital Private Limited, HSBC Securities and Capital Markets (India) Private Limited and Nuvama Wealth Management Limited.
The IPO was undertaken through an offer for sale by certain existing shareholders of the company, including its promoters, promoter group, institutional investors and other individual shareholders.
SAM advised Evonile Pharma Limited on all aspects of the transaction.
The term loan proceeds will be utilised for the part refinancing of existing project loans, while the working capital facilities will support HRRL’s working capital requirements and help address cash flow mismatches associated with the project, including its allied utilities and facilities at Pachpadra, District Balotra, Rajasthan.
The team has deep expertise in mergers and acquisitions, private equity investments, corporate advisory work and cross-border transactions. Their arrival further strengthens the Firm’s ability to advise clients on complex domestic and international transactions across a wide range of sectors.
Seasoned IP litigator with over 12 years of experience in trademark, copyright, geographical indication and technology disputes joins the firm’s IP team.
The acquisition brings together two established investment management platforms with complementary synergies. As part of the transaction, Mr. Samit Vartak will be appointed as Chief Investment Officer — Equities at ASK IM for the combined business.
Moneyview is a digital-only, credit-led financial services platform for Middle India customers, being households with an annual income of ₹300,000—₹1,100,000.
The transaction comprises of a secondary acquisition of shares from the Promoters and Tata Capital Healthcare Fund II and, a primary subscription to shares proposed to be issued by the Target Company.
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.
The SAM team was led by Taranjeet Singh, Partner, Kanwardeep Singh, Counsel, with support from Pundrikaksh Sharma, Senior Associate, and Vishal Jain, Associate
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.
A portion of this QIP’s proceeds is proposed to be used for financing capital expenditure towards defence equipment capabilities. SAM also previously advised the lead managers on Bharat Forge’s ₹1,650 crore QIP in December 2024.
SAM advised Ethereal on the review of revenue documents, and the negotiation and finalisation of the agreement for sale with APIIC. The Firm also advised Ethereal in relation to various other aspects of the transaction.
The transaction represents a significant institutional investment in India’s evolving beauty and wellness sector and supports the continued scaling and institutionalisation of a founder-led platform operating at the intersection of consumer beauty, wellness and medical aesthetics.
IFC’s debt proceeds will be utilized by SIDBI for directly lending to MSMEs and for MSME refinance facilities to financial institutions.