Marri Retail launches proposed IPO.
Marri Retail Limited.
Marri Retail Limited IPO: Marri Retail Limited, a leading apparel and jewellery retailer with 34 stores across Telangana, Andhra Pradesh, Karnataka, and Maharashtra, has filed a Draft Red Herring Prospectus for an Initial Public Offering (IPO) worth over ₹522 crore. The IPO comprises a fresh issue of equity shares aggregating ₹522 crore and an offer for sale of up to 27 million shares by promoter Marri Venkat Reddy.
Legal advisors: Trilegal guides the company
Trilegal is advising Marri Retail on the IPO, with the transaction team led by Partner Vinay Sirohia. The team includes Senior Associate Saurav Das and associates Sheetal Kumar, Amisha Vinod Kamane, Shubh Dutta Ojha, and Vansh Dhoka. Additional support on promoter family restructuring and the establishment of a private family trust was provided by Partner Tanmay Patnaik, Counsel Raj Chheda, and Associate Sidharth Rathore.
Verist Law represents the selling shareholder
Verist Law is advising promoter selling shareholder Marri Venkat Reddy. The team includes Founding Partner Srishti Ojha, Partner Nayan Jain, and Senior Associates Iti Mishra and Kanchi Malhotra.
TT&A and Hogan Lovells support IPO management
TT&A is acting for the book running lead managers (BRLMs) – Nuvama Wealth Management, IIFL Capital Services, and Motilal Oswal Investment Advisors. Hogan Lovells is serving as international counsel to the BRLMs, led by Biswajit Chatterjee, Head of the India Practice and Dubai Office Managing Partner.
About Marri Retail
Founded in 2008, Marri Retail operates under multiple brands catering to family needs for weddings, festive occasions, and everyday use. The company has established a strong presence across 26 districts in four states, combining apparel and jewellery offerings in its retail network.
