Trilegal and S&R Associates have advised on PN Gadgil Jewellers’ INR11 billion (USD132.8 million) IPO, with the stock debuting on 17 September on the National Stock Exchange.
Partner Abhinav Maker led the Trilegal capital markets team advising PN Gadgil, along with counsel Avanti Kale. Associates Debarpita Pande, Veena Raghav, Ipsita Pallavi Sahoo, Aman Bahl and Siddhant Mishra also assisted the team.
S&R Associates represented the book running lead managers, Motilal Oswal Investment Advisors, Nuvama Wealth Management and BOB Capital Markets, on the deal.
Partners Jitesh Shahani and Juhi Singh led the S&R team, with the assistance of associates Mittu Choudhary, Aditya Jain, Aarushi Kapoor, Ayushi Shrivastava and Gunjeet Singh.
PN Gadgil is one of India’s fastest-growing jewellery brands, based on revenue growth, and is also the second-largest organised jewellery player in Maharashtra, the largest market for Bureau of Indian Standards-registered outlets in the country.
