Trilegal advised on the proposed IPO by Pioneer Fil-Med

Trilegal acted as the legal counsel to Pioneer Fil-Med Limited (Pioneer) in connection with the proposed initial public offering aggregating up to ₹ 5,000 million (IPO), comprising a fresh issue and offer for sale of equity shares by selling shareholders.

Pioneer manufactures and supplies equipment and allied components to Indian Railway, metro rail corporations and private players, with the majority of its revenue derived from Indian Railway. The syndicate of book-running lead managers comprised Nuvama Wealth Management Limited and Equirus Capital Limited.

The IPO proceeds will be used for part-financing the cost of establishing gearbox and wind generator components manufacturing facilities, and for general corporate purposes.

The Trilegal Capital Markets team advising on the matter was led by Partner: Richa Choudhary; and comprised Partner: Maitreya Rajurkar; Counsel: Avanti Kale; Senior Associate: Aayush Khandelwal; and Associates: Yug Gambhir, Naman Shah, Harsh Handa, and Samruddhi Varma.

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 157 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,300 professionals across its Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City 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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Deal: Trilegal advised on the proposed IPO by Pioneer Fil-Med

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