Pernia’s Pop Up Shop, officially known as Purple Style Labs Limited, has successfully amassed ₹680 crore through its initial public offering (IPO) of equity shares. The legal landscape of this major transaction was navigated by some of the most distinguished law firms, including Cyril Amarchand Mangaldas, Khaitan & Co, and A&O Shearman.
Cyril Amarchand Mangaldas Provides Counsel to Issuer
Advising Pernia’s Pop Up Shop on this significant IPO was Cyril Amarchand Mangaldas, a leading Indian law firm. The transaction was spearheaded by Manan Lahoty, the Partner and Head of Capital Markets, alongside Partner Priyadarshini Rao. They were supported by a proficient team comprising Radhika Pandey as Principal Associate, along with Associate Anomitra Debnath, Khushi Parekh, and Nikshetaa Jain. Their combined expertise ensured that the legal aspects of the IPO were executed seamlessly.
Khaitan & Co’s Role in Representing Book Running Lead Managers
Khaitan & Co took on the role of legal counsel for the book running lead managers, Axis Capital Limited and IIFL Capital Services Limited. The team was led by Partner Subhayu Sen and Partner Aparna Bagree, with active contributions from Senior Associates Ira Pandya and Aayush Virani, and Associates Ria Chaudhary and Aayushi Poddar. Their legal acumen provided essential support to the managers during the IPO process.
International Guidance by A&O Shearman
In the international realm, A&O Shearman acted as counsel for the book running lead managers. The transaction was guided by Partner Pallavi Gopinath Aney, supported by Senior Associate Serena Upadhyay. Their expertise in international law was vital in ensuring compliance and facilitating cross-border considerations.
About Pernia’s Pop Up Shop
Pernia’s Pop Up Shop, promoted by Abhishek Agarwal, is a dynamic, carefully curated design platform based in Mumbai, India. It offers an extensive variety of products, including bridal trousseau, festive attire, ethnic and ready-to-wear collections, and designer menswear, catering to a diverse clientele.
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