Trilegal advised the book running lead managers on the IPO of equity shares by Zaggle Prepaid Ocean Services Limited (“Zaggle”) aggregating to INR 5,633.77 million. Zaggle offers financial solutions and products to manage the business expenses of corporates, SMEs, and startups. It is amongst the first few companies to voluntarily list under the newly introduced listing regime by SEBI, which has reduced the time required for listing of the specified securities on the stock exchanges from the existing T+6 days to T+3 days.
The syndicate of book running lead managers comprised ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Limited, and JM Financial Limited.
The proceeds of the IPO are being utilised for debt repayment, customer acquisition and retention, and development of technology and products. Its shares have listed at a premium on the Stock Exchanges today.
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.
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