Cyril Amarchand Mangaldas (CAM), Trilegal, and Linklaters advised on Powerica Limited’s INR 11,000 million (₹11 billion) IPO.

Powerica Limited is a Mumbai-based integrated power solutions provider specialising in end-to-end standby and prime power solutions. Its presence across both conventional power solutions and wind energy projects underpins the strategic significance of the IPO in India’s evolving power and infrastructure market.

Powerica intends to utilise the net proceeds from the IPO for the repayment and prepayment of certain borrowings and for general corporate purposes.

Cyril Amarchand Mangaldas (CAM) advised Powerica Limited (“Powerica”) and its promoter selling shareholders.

The capital markets team at CAM advising Powerica and its promoter selling shareholders included Senior Partner Yash Ashar and Partner Ravi Dubey (Regional Co-Head – Capital Markets – West), with support from Principal Associate Mansi Jhaveri and Associates Abishek Sankar, Arikta Shetty, Divyanshu Singh, Akshita Dhawan, Nikshetaa Jain and Pooja Rajawat.

Trilegal advised ICICI Securities, IIFL Capital Services, and Nuvama Wealth Management, the book-running lead managers.

The capital markets team at Trilegal advising on the mandate was led by Partners Bhakta Patnaik and Albin George Thomas, and comprised Counsel Bhargavi Mahajan and Associates Janhavi Shah, Tushar Chitlangia, Snehal Kaushal and Avni Mishra.

Linklaters acted as the international counsel to ICICI Securities Limited, IIFL Capital Services Limited and Nuvama Wealth Management Limited as lead underwriters.

The Linklaters team advising on the transaction was led by Capital Markets Partner and Head of Linklaters’ India Practice Amit Singh, supported by Counsel Joseph Wolpin and Managing Associate Ashwin Tiwari.