Trilegal advised Assetz Limited and certain selling shareholders as their Indian legal counsel in connection with the company’s proposed initial public offering (IPO) of equity shares comprising a fresh issue and an offer for sale by existing shareholders. Assetz is a Bengaluru-based residential real estate developer focused on the premium housing segment. The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹6,300 million and an offer for sale of up to 29,079,263 equity shares by the selling shareholders. The proposed IPO is reportedly pegged at around Rs 1,200 crore, with JM Financial, BofA Securities India and Motilal Oswal Investment Advisors expected to act as the book-running lead managers. The Trilegal Real Estate team advising on the transaction was led by Partner: Mridul Kumbalath and Arnav Nagalia; and supported by Counsel: Ganashruthi MU; Senior Consultant: Yunus Nawab; and Associates: Rajat Deepak Kalal, Suhaschandra BS.