Kanga & Co Acts on Shankesh Jewellers' ₹367 Cr Initial Public Offering

Transaction Overview

Kanga & Co advised on the capital markets legal mandate for Shankesh Jewellers' proposed ₹367 crore Initial Public Offering (IPO). The public issue comprises a combination of fresh issuance of equity shares and an offer for sale, aiming to support retail chain expansion and bolster working capital requirements. The firm assisted the issuer on drafting the draft red herring prospectus (DRHP), structuring the offer parameters, and navigating regulatory submissions with SEBI and stock exchanges.