India’s Shardul Amarchand Mangaldas has continued its strong IPO performance this year, advising Premier Energies on its $336 million listing. Trilegal and Linklaters represented the book-running lead managers, while Touchstone Partners acted for the selling shareholders in the offer for sale (OFS).

The BRLMs to the IPO were Kotak Mahindra Capital, J.P. Morgan India, and ICICI Securities.

The IPO featured a fresh issuance of shares, raising $154 million, alongside an OFS totalling $183 million. It made a stellar debut, with share allottees making a 120 percent premium post allotment.

The SAM capital markets team on the deal was led by practice head Prashant Gupta and partner Devi Prasad Patel, and included senior associate Kamiya Marwah, and associates Megha Mehta and Kaushik Parkhe.

SAM has advised on some of the top IPOs in India’s busy capital markets this year including Ola Electric, FirstCry, Bharat Highways InvIT, and is advising on the upcoming mammoth $3 billion Hyundai Motor India IPO.

The Trilegal capital markets team was led by partners Bhakta Patnaik and Brajendu Bhaskar, and included senior associate Malika Grewal, and associates Arsh Sinha, Janhavi Shah, Akanksha Goel, Shambhavi Sharma and Kavya Krishnaswamy.

The Touchstone team advising the selling shareholders, South Asia Growth Fund II and South Asia EBT Trust, led by partner Uday Walia and included associates Mahak Goyal and Prachi Dutta.

The Linklaters team was led by Amit Singh, partner and head of the India practice, with support from counsel Joseph Wolpin and managing associate Daryl Bryan Chee.