Trilegal advised Pioneer Fil-Med Limited on its proposed initial public offering
The leading law firm in India, Trilegal advised Pioneer Fil-Med Limited on its proposed initial public offering, aggregating up to ₹ 5,000 million, comprising a fresh issue and an offer for sale by existing shareholders.
The IPO involves Pioneer Fil-Med Limited, a manufacturer and supplier of equipment and allied components to Indian Railways, metro rail corporations, and private players, with a significant portion of its revenue derived from Indian Railways. The syndicate of book-running lead managers includes Nuvama Wealth Management Limited and Equirus Capital Limited.
The proceeds from the IPO are proposed to be utilised towards part-financing the cost of establishing gearbox and wind generator components manufacturing facilities, as well as for general corporate purposes.
The completion of the transaction is subject to regulatory approvals and market conditions.
The Trilegal team was led by Richa Choudhary (Partner), along with Maitreya Rajurkar (Partner), Avanti Kale (Counsel), Aayush Khandelwal (Senior Associate), and Yug Gambhir (Associate), Naman Shah (Associate), Harsh Handa (Associate), and Samruddhi Varma (Associate).
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