Department profile
Shardul Amarchand Mangaldas & Co

Capital Markets: Debt

Asia-Pacific Guide 2026 : India


Shardul Amarchand Mangaldas & Co

Rankings

About

Provided by Shardul Amarchand Mangaldas & Co

The firm has one of India's leading Capital Markets practices, at the forefront of the most innovative developments in Indian securities markets. The team has advised on several landmark and first-of-their-kind transactions, including the four largest IPOs in India, the largest offer by an Indian company, and the first OFS through the stock exchange mechanism. Founded on a century of legal achievements, the firm's culture of excellence, innovation, and collaboration runs through every capital markets engagement.

The practice covers the full spectrum of public markets transactions: IPOs, FPOs, QIPs, OFS transactions, block deals, and international listings on the NYSE, NASDAQ, and London Stock Exchange; overseas bond offerings, NCDs, FCCBs, green and sustainability-linked bonds, and structured finance transactions; InvIT and REIT formation, listing, and fundraising; securities regulation, SEBI investigations, and enforcement proceedings; and Government of India disinvestment transactions.

The firm advises leading corporate houses, the Government of India, investment banks, sovereign wealth funds, multinational banks, and Fortune 500 companies. Since January 2021, the team has filed over 100 DRHPs and completed 75 IPOs, supported by 11 dedicated partners and over 70 associates in equity capital markets alone.

Several partners have practised in US and Singapore, providing holistic guidance on cross-border transactions, disclosure standards, and end-to-end project management.

Industries (24)

  • Financial Services
  • Fintech
  • Technology
  • IT Services
  • SaaS
  • E-Commerce
  • Consumer Products
  • Retail
  • Pharmaceuticals & Healthcare
  • Hospitality
  • Food & Beverage
  • Automotive
  • Energy
  • Mining & Metals
  • Cement
  • Chemicals
  • Telecommunications
  • Media & Entertainment
  • Real Estate
  • Infrastructure
  • Logistics
  • Aviation
  • Agriculture
  • Manufacturing

Chambers Review

Provided by Chambers

Capital Markets: Debt - India


What the Team is Known For

Lawyers at Shardul Amarchand Mangaldas & Co are highly reputed for equity and debt capital markets, acting on headline mandates in India. The team is regularly instructed by both financiers and issuers on high-value deals. The group possesses valuable experience in the market for IPOs, secondary offerings, QIPs and non-convertible debentures, advising a broad range of clients in sectors such as financial services, technology, energy and life sciences. The firm is instructed on REIT public offerings and is a prominent fixture on many leading domestic transactions.

Work Highlights

Provided by Chambers

  • Shardul Amarchand Mangaldas & Co acted as legal counsel to Morgan Stanley India on the qualified institutions placement by Zomato, comprising a further issue of 336,473,755 equity shares, raising approximately USD1 billion.

Strengths

Provided by Chambers

  • The team has a very good understanding of various nuances of the law as well as wide experience across a number of transactions, hence they are able to handle complex matters very well.

    Capital Markets: Debt respondentAsia-Pacific
  • The team is committed to providing swift and efficient services. It prioritises responsiveness and agility, ensuring that we receive timely advice and support.

    Capital Markets: Debt respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Band 1Prashant Gupta
    Band 1Prashant Gupta

    Prashant Gupta

    Prashant Gupta is a partner at Shardul Amarchand Mangaldas & Co in Delhi, and heads the capital markets practice of the firm. He acts for both issuers and underwriters on high-value IPO and QIP work, as well as bonds.
    • Prashant is a veteran in this field and brings solid experience and expertise to complex transactions.

      Capital Markets: Debt respondentAsia-Pacific
    • Prashant is one of the strongest and more practical partners that we have worked with. His interpretations are very good.

      Capital Markets: Debt respondentAsia-Pacific
  • Band 2Nikhil Naredi
    Band 2Nikhil Naredi

    Nikhil Naredi

    Nikhil Naredi is a partner at Shardul Amarchand Mangaldas & Co and is based in Mumbai. He counts major banks and investors among his clients and oversees a varied range of complex, high-value deals, including REITs and IPOs.

    • Nikhil is razor-sharp. He knows it all and always finds alternatives, without having to bend interpretations. He is technically brilliant and knows the entire regulations.

      Capital Markets: Debt respondentAsia-Pacific
    • Nikhil is very experienced and brings different perspectives to the table.

      Capital Markets: Debt respondentAsia-Pacific
  • Band 3Sayantan Dutta
    Band 3Sayantan Dutta

    Sayantan Dutta

    Sayantan Dutta is a partner at Shardul Amarchand Mangaldas & Co and is based in its Delhi office. He continues to oversee a wide range of IPOs, QIPs and rights issues.

    • I find him to be the most reasonable, practical and efficient partner.

      Capital Markets: Debt respondentAsia-Pacific
    • Sayantan is driven, knowledgeable and immensely experienced in tough deal situations, which results in his problem-solving approach. He is also a good leader for his team.

      Capital Markets: Debt respondentAsia-Pacific
  • Up and ComingShubhangi Garg
    Up and ComingShubhangi Garg

    Shubhangi Garg

    Shubhangi Garg is well placed to advise clients on a variety of matters, including NCDs mandates and issuances of senior secured notes.

    • He has a very good knowledge of Indian regulations and produces high-quality work.

      Capital Markets: Debt respondentAsia-Pacific
    • Shubhangi Garg has a great understanding of the commercial aspects of transactions. He is also excellent at negotiations.

      Capital Markets: Debt respondentAsia-Pacific

Ranked Individuals at Shardul Amarchand Mangaldas & Co (5)

India

Members

Provided by Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas & Co has rankings in the following guides

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