JSW One Platforms IPO Legal Advisors: Cyril Amarchand, Trilegal Advise

• JSW One Platforms Limited has filed a draft red herring prospectus for an IPO aiming to raise up to ₹3,054.01 crore ($318.62 million).
• The offering includes both a fresh issue of shares and an offer for sale by existing shareholders.
• Cyril Amarchand Mangaldas is advising JSW One Platforms, while Trilegal is counseling selling shareholder Mitsui & Co., Ltd.
• Khaitan & Co. is providing legal advice to the consortium of five book running lead managers for the IPO.
• JSW One Platforms is identified as one of India's fastest-growing B2B commerce players as of June 2026, connecting MSMEs with manufacturing and construction sellers.

Cyril Amarchand Mangaldas is serving as the primary legal counsel for JSW One Platforms itself, providing comprehensive legal advice to the issuer throughout the IPO process, as detailed in the DRHP.

JSW One Platforms Limited has initiated the process for an initial public offering (IPO) by filing its draft red herring prospectus (DRHP). The proposed equity share offering aims to raise capital aggregating up to ₹3,054.01 crore, which translates to approximately $318.62 million. This significant public issue is structured to include both a fresh issuance of shares and an offer for sale by certain existing shareholders, indicating a dual approach to capital generation and shareholder liquidity.

The company, recognized as one of India's fastest-growing business-to-business (B2B) commerce players as of June 2026, is seeking to tap into the public markets to support its growth trajectory. The IPO represents a major milestone for JSW One Platforms, which operates an integrated technology-enabled platform designed to connect Micro, Small, and Medium Enterprises (MSMEs) with sellers of manufacturing and construction materials.

Several prominent legal advisors are playing crucial roles in guiding the various parties through this complex transaction. The involvement of these firms underscores the intricate legal requirements and due diligence necessary for a public listing of this magnitude in the Indian capital markets.

The intricate legal framework surrounding the JSW One Platforms IPO has necessitated the expertise of several leading law firms, each advising a distinct party to the transaction. Cyril Amarchand Mangaldas is serving as the primary legal counsel for JSW One Platforms itself, providing comprehensive legal advice to the issuer throughout the IPO process, as detailed in the DRHP. Their role as JSW One Platforms DRHP counsel is critical in ensuring compliance with regulatory requirements and structuring the offering.

Separately, Trilegal has been engaged to advise Mitsui & Co., Ltd., one of the selling shareholders participating in the offer for sale component of the IPO. This specific engagement highlights the specialized legal advice required for selling shareholders in large public offerings, particularly for international entities like Mitsui & Co. The firm's counsel ensures that the selling shareholder's interests are properly represented and that all legal obligations pertaining to their divestment are met.

Furthermore, Khaitan & Co. is providing legal counsel to the consortium of book running lead managers for the JSW One Platforms IPO. This group includes JM Financial Limited, Kotak Mahindra Capital Company Limited, ICICI Securities Limited, SBI Capital Markets Limited, and PL Capital Markets Private Limited. Advising the lead managers involves navigating the regulatory landscape from the perspective of the underwriters, ensuring the offering's compliance and smooth execution. This comprehensive legal support from various JSW One Platforms IPO legal advisors is fundamental to the successful navigation of the Indian capital markets.

The legal teams deployed for the JSW One Platforms IPO comprise experienced professionals specializing in capital markets and corporate law. For Trilegal, the capital markets advisory team is spearheaded by Partner Abhinav Maker, with significant contributions from Senior Associate Debarpita Pande and Associate Mrinal Kumar. Additionally, the corporate law aspects are being managed by Partner Charandeep Kaur, supported by Counsel Shivesh Aggarwal, demonstrating a multi-disciplinary approach to the issuer's legal needs.

Khaitan & Co.'s team, advising the book running lead managers, is equally robust, featuring Executive Director Sudhir Bassi, Partners Madhur Kohli and Aayush Mohata. They are further supported by Senior Associates Sarjana Das and Kanchi Malhotra, along with Associates Mythri Murali, Mehar Sharma, and Vedika Jhunjhunwala. The collective expertise of these legal professionals underscores the depth of Indian capital markets legal advice required for such a substantial public offering. While the specific team members for Trilegal JSW One IPO counsel were not detailed in the filing, their involvement for Mitsui & Co selling shareholder legal aspects is crucial for the transaction's overall integrity.

This article serves as a practical reference for lawyers and compliance officers to identify the leading legal firms and key individuals actively advising on significant IPOs in the Indian capital markets, offering insights into deal structuring and market activity for future transactions.

Source: Original reporting via Bar & Bench