Linklaters advises on Runwal Enterprises Limited’s IPO in India

Linklaters has acted as the sole international counsel for ICICI Securities Limited and Jefferies India Private Limited, as book running lead managers, on Runwal Enterprises Limited’s initial public offering (IPO). The company’s equity shares are listed on the National Stock Exchange of India and the BSE.

Runwal Enterprises is an Indian real estate developer with a portfolio spanning residential projects, commercial and retail spaces as well as educational buildings.

The IPO saw strong investor demand, with the offering subscribed 2.64 times overall and the qualified institutional buyer portion subscribed 4.10 times.

The Linklaters team was led by partner and Head of India Practice Amit Singh and capital markets counsel Joseph Wolpin, with support from managing associate Daryl Bryan Chee and associate Sanketh Hareesh Kumar.

Amit Singh, partner and Head of India Practice at Linklaters, commented:

“Runwal Enterprises’ successful listing reflects the breadth of activity in India’s IPO market, with businesses across a diverse range of sectors accessing the public markets. We are pleased to have supported this transaction. Congratulations to Runwal Enterprises and everyone involved.”

With more than 50 years of on-the-ground experience in Asia, Linklaters has an established track record advising on India-related capital markets transactions, including advising on many high-profile equity offerings across diverse sectors, such as the recent IPOs of Tempsens Instruments, Juniper Green Energy and SBI Funds Management.