S&R Associates Represented Book Running Lead Managers In ₹11 Billion IPO By P N Gadgil Jewellers
S&R Associates Represented Book Running Lead Managers In ₹11 Billion IPO By P N Gadgil Jewellers
S&R Associates represented Motilal Oswal Investment Advisors, Nuvama Wealth Management and BOB Capital Markets, book running lead managers, in the INR 11 billion initial public offering by P N Gadgil Jewellers Limited, a jewellery company.
P N Gadgil Jewellers, a leading market player with BIS-registered shops in India, was the second-largest organised jeweller in Maharashtra. The IPO opened for subscription on Tuesday, September 10, and closed on Thursday, September 12.
The issue’s price band was set between ₹456 and ₹480 per equity share of face value ₹10. The IPO comprised a fresh issue of equity shares worth up to ₹8.5 billion and an offer for sale of shares worth ₹2.5 billion by the promoters.
The S&R team was led by Partners Jitesh Shahani and Juhi Singh, and included Associates Mittu Choudhary, Aditya Jain, Aarushi Kapoor, Ayushi Shrivastava and Gunjeet Singh.
