Trilegal, Verist Law, TT&A, Hogan Lovells act on Marri Retail ₹522 crore+ proposed IPO

Marri Retail Limited has filed a Draft Red Herring Prospectus for an Initial Public Offering, comprising a fresh issue of equity shares aggregating to ₹522 crore and an offer for sale of up to 27,000,000 equity shares by Marri Venkat Reddy, the promoter selling shareholder.

Trilegal is advising Marri Retail on this IPO.

The transaction team is led by Vinay Sirohia (Partner), and consists of Saurav Das (Senior Associate) and Associates Sheetal Kumar, Amisha Vinod Kamane, Shubh Dutta Ojha, and Vansh Dhoka.

Additionally, Tanmay Patnaik (Partner), Raj Chheda (Counsel) and Sidharth Rathore (Associate) assisted on certain aspects of promoter family restructuring, including the establishment of a private family trust.

Verist Law is advising the promoter selling shareholder, Marri Venkat Reddy , on this IPO.

The transaction team consists of Srishti Ojha (Founding Partner), Nayan Jain (Partner), Iti Mishra (Senior Associate) and Kanchi Malhotra (Senior Associate).

TT&A is advising the book running lead managers, Nuvama Wealth Management, IIFL Capital Services and Motilal Oswal Investment Advisors, on this IPO.

Hogan Lovells is serving as the international counsel to the BRLMs.

The transaction team is being led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner).

Incorporated in 2008, Marri Retail is an apparel and jewellery retailer operating stores under multiple brands catering to family needs for weddings, festive occasions and everyday use, through their 34 stores, across 26 districts in Telangana, Andhra Pradesh, Karnataka, and Maharashtra.

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