Trilegal advises PN Gadgil Jewellers and Nuvama Wealth Management on INR 7000 million QIP

Trilegal advised PN Gadgil Jewellers Limited (“Company”) and the placement agent Nuvama Wealth Management Limited as their legal advisor on the qualified institutions placement of up to 11,494,252 equity shares of face value of INR 10 each (“Equity Shares”) at a price of INR 609.00 per Equity Share, including a premium of INR 599.00 per Equity Share, aggregating up to INR 7,000.00 million.

PN Gadgil Jewellers Limited 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. It is one of the largest jewellery brands in Maharashtra among the organised select players, in terms of the total number of stores, with 68 of its 77 stores in India, which is approximately 88% of the stores located in Maharashtra, as of April 2026.

The proceeds of the QIP are proposed to be used towards the opening of new stores and funding working capital requirements.

The Trilegal Capital Markets Team advising on the matter was led by Partner: Abhinav Maker; and supported by Senior Associates: Debarpita Pande, Maniya Goyal, and Jayant Saxena; and Associate: Varda Saxena.

About Trilegal

Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 161 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,300 professionals across its Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City offices.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024.

For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.