Trilegal, CAM act on PhonePe IPO

PhonePe has filed a Draft Red Herring Prospectus with SEBI through a confidential filing route for an initial public offering.

Trilegal is advising PhonePe on this IPO.

The Trilegal Capital Markets team advising on the mandate is led by Partners: Vijay Parthasarathi and Vinay Sirohia; and supported by Senior Associates: Harshvardhan Lahiri, Pragya Gupta, Vedansh Batwara; and Associates: Lajja Mehta, Animesh Tiwari, Hanna Vettoor, Kohsheen Saraf, Shubh Dutta Ojha, Ishika Kansal, and Mayank Agarwal.

The Corporate team advising on the mandate is led by Partners: Vishruta Kaul, Wiseroy Damodaran, and Amit Khansaheb, and supported by Counsels: Aayush Sood and Sayan Ghose; Senior Associates: Sanchita Kumari, Bhavya Vatsa, Advaye Sawhney; and Associates: Farhana Akhtar, Saksham Gadia, Neha Koppu, Juhi Wadhwani, and Jessica Kaur.

The TMT team advising on the mandate is led by Partner: Jyotsna Jayaram; and supported by Senior Associates: Sidharth Ray and Sindhu A; and Associate: Anushka Gupta.

The Financial Regulatory Team advising on the mandate is led by Partners: Shruti Rajan and Anubhav Ghosh; and supported by Senior Associate: Drishti Kapadia and Trainee Associate: Anugraha Jaising.

The Governance & Compliance team advising on the mandate is led by Partner: Sampath Kumar Rajagopalan; and supported by Principal Consultant: Denzil Rodrigues; Senior Consultants: Tanya Agarwal and Soumya Kapoor; and Consultant: Divya Shetty.

The Labour & Employment team advising on the mandate is led by Partner: Apeksha Mattoo and supported by Counsel: Rina Goyal.

The Dispute Resolution & Arbitration team advising on the mandate is led by Partner: Shalaka Patil and supported by Senior Associate: Paulomi Mehta.

Cyril Amarchand Mangaldas is advising the Book Running Lead Managers on this IPO.

The CAM capital markets team is led by Manan Lahoty, Partner - (Head - Capital Markets) and Vishal Yaduvanshi, Partner (Regional Co-Head - Capital Markets - North) and supported by Tanvi Kini, Principal Associate, Medhashree Verma, Senior Associate, Surya Rajkumar, Associate, Kanika Bhakhna, Associate, Abhinav Singh Chauhan, Associate, Monusha Nambiar, Associate, Medha Biswas, Associate, and Pratyay Amrit, Associate, are advising the book running lead managers on the IPO.

The employment team led by Bharath Reddy, Partner, with the support of Mayank Jain, Associate were involved in ESOP related aspects.

The FSRP team by Pallavi Singh Rao, Partner, with the support of Mainak Mukherjee, Associate and Siddharth Kothari, Associate, as well as the insurance team led by Indranath Bishnu, Partner (Head - Insurance) with support from Ila Vyas, Principal Associate, were involved in certain regulatory aspects.

PhonePe, backed by Walmart, is a leading digital payments and financial services platform in India. It offers a wide range of services including money transfers, bill payments, mobile recharges, and investment options.

PhonePe has confidentially filed its Draft Red Herring Prospectus with SEBI, aiming to raise approximately ₹12,000 crore.

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