28 Sep 2026


Trilegal advised on the initial public offering by National Stock Exchange of India Limited (“NSE“) of 126,436,650 equity shares, aggregating to Rs225.62 billion. The offering marks the largest initial public offering (“IPO“) in India year-to-date and the second largest IPO in India to date. NSE is also the largest stock exchange in India.
The IPO comprised a pure offer for sale by existing shareholders. NSE had a shareholder base of over 200,000 shareholders, who were provided an opportunity to participate as selling shareholders in the offer for sale.
Trilegal advised certain shareholders in connection with the IPO.
The IPO was managed by a syndicate of 19 book running lead managers.
The Trilegal Capital Markets team advising on the transaction was led by Partners: Richa Choudhary and Maitreya Rajurkar; and comprised Senior Associate: Sanya Chaudhari; and Associate: Siddhant Mishra.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards 2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.
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