28 Apr 2026
Deal: Trilegal advised on Nephrocare Health Services’ IPO aggregating INR 8,710.48 million
22 Dec 2025
22 Dec 2025
Trilegal advised on the initial public offering of equity shares (“IPO”) by Nephrocare Health Services Limited (“Nephroplus”), comprising of a fresh issue of 7,690,162 Equity Shares and an offer for sale of 11,253,102 equity shares aggregating to ₹8,710.48 million. The Equity Shares listed on the bourses at a premium of ~7%.
Nephroplus is the largest dialysis service provider in Asia and the 5th largest in the world in terms of the number of treatments performed in Fiscal 2025. Nephroplus is the only Indian dialysis services provider that has scaled internationally, with a global network of 519 clinics, with 51 clinics internationally across the Philippines, Uzbekistan, and Nepal.
Trilegal advised the syndicate of book running lead managers, namely ICICI Securities Limited, Ambit Private Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited.
The Trilegal Capital Markets team was led by Partners: Richa Choudhary and Murtaza Zoomkawala; and comprised Counsel: Maitreya Rajurkar; Senior Associate: Shivayana Balodia; and Associates: Rainika Malhotra, Dinank Bhanot, Yatin Shikharpuri, and Arnab Goswami.
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. With 150 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
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 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, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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