Ranking tables
Capital Markets | Asia-Pacific
India
In-depth overview
INDIA: An Introduction
JURISDICTION
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Rankings overview for Departments
Band 2
Band 3
- TT&A 18 Years Ranked
- NL LEGAL
Band 4
- Luthra and Luthra Law Offices India 18 Years Ranked
- Saraf and Partners 4 Years Ranked
- Crawford Bayley & Co
- Juris Corp
All Departments profiles
Band 1
1 Cyril Amarchand MangaldasCapital Markets2025 | Band 1 | 11 Years RankedCyril Amarchand Mangaldas has a market-leading capital markets law practice in India with a superb reputation for handling both domestic and international matters. The firm's book of work includes numerous IPOs, QIPs and rights issues. The team is active in the financial services, infrastructure, technology and energy sectors, acting for prominent issuers and lead managers. The firm is also active on debt issuances, including US dollar-denominated bonds.1 Shardul Amarchand Mangaldas & CoCapital Markets2025 | Band 1 | 18 Years RankedLawyers 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.
Band 2
2 AZB & PartnersCapital Markets2025 | Band 2 | 18 Years RankedAZB & Partners has a market-leading team of lawyers in India, known for its work on debt and equity issuances, and particularly active on IPOs and QIPs, representing issuers and underwriters in cross-border matters. The team maintains an impressive list of clients, including major corporate issuers and international financial institutions. The firm is also noted for its expertise regarding debt offerings, such as non-convertible debentures and foreign currency convertible bonds. The department handles transactions in a range of sectors, including financial services, telecommunications and real estate.2 JSACapital Markets2025 | Band 2 | 18 Years RankedJSA is a respected law firm in India advising on both equity and debt matters, regularly acting for underwriters on IPOs and with an established reputation for non-convertible debentures and MTN programmes. Clients include a wide range of international and local financial institutions, in addition to high-profile names from the energy, technology and infrastructure arenas. The team advises on the formation, registration and IPO of infrastructure investment trusts, and also handles QIP, rights issue and share buy-back transactions.2 Khaitan & CoCapital Markets2025 | Band 2 | 18 Years RankedKhaitan & Co has a dedicated team of capital markets lawyers in India, held in high regard for its work advising on a range of offerings. The team is able to handle novel DCM matters including high-yield bonds, as well as ECM engagements such as IPOs and QIPs. The firm acts for well-known domestic and international investment banks, financial institutions and public sector organisations, as well as corporates from a range of sectors.2 S&R AssociatesCapital Markets2025 | Band 2 | 18 Years RankedS&R Associates is renowned for its work in equity capital markets as advisors to domestic and international banks on IPOs, QIPs and block trades. Lawyers of the firm maintain an excellent reputation as underwriters' counsel on high-profile matters, while also acting for issuers. The team handles deals relating to such sectors as financial services, insurance, healthcare and real estate.2 TrilegalCapital Markets2025 | Band 2 | 15 Years RankedTrilegal's team of capital markets lawyers in India regularly advises underwriters, foreign investors, investment funds and issuers. The firm is well-regarded for its expertise in issues regarding IPOs, QIPs and rights issues. The team is able to draw on the strength of its banking practice for debt capital markets issues. The department often handles transactions pertaining to the technology, retail and life sciences sectors, among others.
Band 3
3 TT&ACapital Markets2025 | Band 3 | 18 Years RankedTT&A's team of capital markets lawyers in India has a strong focus on DCM offerings, including senior secured notes and the issuance of green bonds. The team advises prominent domestic and financial institutions on bond and high-yield debt issuances. TT&A often handles matters in the infrastructure and energy spheres.
Band 4
4 Luthra and Luthra Law Offices IndiaCapital Markets2025 | Band 4 | 18 Years RankedLuthra and Luthra Law Offices India handles IPOs, rights issues and QIPs, acting as counsel to issuers, lead managers and placement agents. The team also assists clients with subscription to bonds and the private placement of debt securities. The department acts on transactions in a range of sectors including real estate, technology, finance and energy.4 Saraf and PartnersCapital Markets2025 | Band 4 | 4 Years RankedSaraf and Partners' team of lawyers is well placed to advise on capital markets legal matters in India. The team is well-versed in handling IPOs and QIPs, and regularly acts as counsel to issuers and financial institutions. The firm is also experienced in relation to debt transactions, including notes issuance. The department's expertise is spread across several sectors, including finance, healthcare, transportation and technology.