Trilegal is guiding Wakefit Innovations, its promoters and certain selling shareholders on the Indian D2C home and furnishing company’s initial public offering that will consist of a fresh issue worth INR 468 crores and an offer for sale of 58,399,085 equity shares. Talwar Thakore & Associates is acting for the book running lead managers. Hogan Lovells is international counsel to the deal.
S&R Associates is acting for selling shareholders Peak XV Partners Investments VI, Redwood Trust and Verlinvest S.A., while CMS Induslaw is acting for shareholder with nominee director, Elevation Capital VIII.
The BRLMs include Axis Capital, IIFL Capital Services and Nomura Financial Advisory and Securities (India).
The proceeds of the IPO are being used for setting up retail stores (regular and large format), purchasing equipment and machinery and for marketing and advertisement expenses.
The Trilegal team advising Wakefit included partner Vijay Parthasarathi, senior associate Vedansh Batwara, and associates Sheetal Kumar, Olivia De, and Kohsheen Saraf.
The Trilegal team acting for the selling shareholders comprised partner Vinay Sirohia, senior associate Harshvardhan Lahiri, and associates Samarth Bharadwaj and Jasmine Manekshaw.
The TT&A team consists of partner Abhinav Kumar, managing associate Shubham Sancheti, senior associate Ayana Banerjee and associates Dhruvi Shah, Keshav Yadav and Soham Vakil.
