Trilegal advises PNG Jewellers on ₹700 crore QIP

PN Gadgil Jewellers Limited has raised ₹700 crore from a qualified institutions placement of up to 11,494,252 equity shares. Trilegal advised PN Gadgil Jewellers and the placement agent Nuvama Wealth Management Limited on this QIP. The transaction was led by Abhinav Maker (Partner), with support from Debarpita Pande (Senior Associate), Maniya Goyal (Senior Associate), Jayant Saxena (Senior Associate) and Varda Saxena (Associate). Abhinav Maker PN Gadgil Jewellers is the third fastest growing jewellery brand amongst the select organised jewellery peers in India with a CAGR of 33.56, based on the revenue growth between Fiscal 2023 and Fiscal 2026.

Sources

• Bar & Bench - Dealstreet
• BSE corporate announcements · official
• NSE corporate announcements · official
• SEBI public issues / DRHPs · official

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