Fox & Mandal advised Priority Jewels Ltd as sole legal counsel in relation to its Initial Public Offering (IPO) and the listing of its equity shares on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).
The IPO, valued at approximately INR 106 crore (approx.), was undertaken with Mefcom Capital Markets Ltd acting as the underwriter. Following the successful completion of the offering, Priority Jewels Ltd was listed on the NSE and BSE.
The IPO received an overwhelming response, with the Issue being subscribed 100.45 times.
Following the successful Issue, Priority Jewels shares made a positive stock market debut on September 4, 2026, listing at a ~15% premium to the IPO price.
Fox & Mandal acted as sole legal counsel to Priority Jewels Limited and advised the Company on legal due diligence and the drafting of the offer document in connection with the IPO.
Fox & Mandal team comprised Prashaant Rajput (Partner), Rudresh Mandal (Principle Associate), Shrinwantu Choudhury (Associate), Abhimanyu Kakrania (Associate), and Saumy Bhowmick (Associate).
