Kanga & Co acts on Shankesh Jewellers ₹367 crore IPO

Shankesh Jewellers Limited has made Initial Public Offering aggregating to ₹367.183 crore, comprising a fresh issue of 29,482,000 equity shares and an offer for sale of 10,000,000 equity shares.

Kanga & Company, Advocates and Solicitors advised the issuer Shankesh Jewellers and the Book Running Lead Managers namely Aryaman Financial Services Limited and Smart Horizon Capital Advisors Private Limited, on this IPO. The Firm assisted in carrying out legal due diligence of the documents of the issuer, drafting the Offer Documents and preparing various agreements with intermediaries involved in the issue as well as in opining on various issues arising in the matter.

The transaction team was led by Chetan Thakkar (Senior Partner) with support from Tejal Patankar (Principal Associate), Associates Meghna Sharma and Vansh Chadha.

Shankesh Jewellers is engaged in handcrafted gold jewellery wholesale business and providing customisation services to its clients, operating as a B2B supplier to both corporate and non-corporate clients.

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