Shankesh Jewellers IPO Details
| IPO Date | 18 to 20 Aug 2026 |
|---|---|
| Listing Date | Tuesday, Aug 25, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹88 to ₹93 per share |
| Lot Size | 160 Shares |
| Sale Type | Fresh Capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size |
3,94,82,000 shares
(aggregating up to ₹367 Cr) |
| Fresh Issue |
2,94,82,000 shares
(aggregating up to ₹274 Cr) |
| Offer for Sale |
1,00,00,000 shares
(aggregating up to ₹93 Cr) |
| Shareholding Pre Issue | 11,75,49,420 shares |
| Shareholding Post Issue | 14,70,31,420 shares |
| Market Cap at Upper Price | ₹1,367.39 Cr |
Check Shankesh Jewellers IPO GMP →
Shankesh Jewellers IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Open | Tuesday, Aug 18, 2026 |
| IPO Close | Thursday, Aug 20, 2026 |
| Allotment | Friday, Aug 21, 2026 |
| Refund | Monday, Aug 24, 2026 |
| Credit of Shares | Monday, Aug 24, 2026 |
| Listing | Tuesday, Aug 25, 2026 |
Shankesh Jewellers IPO Issue Reservation
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50.00% of the Net Offer |
| Retail | Not less than 35.00% of the Net Offer |
| NII | Not less than 15.00% of the Net Offer |
Shankesh Jewellers IPO Lot Size
Investors can bid for a minimum of 160 shares and in multiples thereof. The minimum retail investment at the upper price band of ₹93 is ₹14,880.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹14,880 |
| Retail (Max) | 13 | 2,080 | ₹1,93,440 |
| S-HNI (Min) | 14 | 2,240 | ₹2,08,320 |
| S-HNI (Max) | 67 | 10,720 | ₹9,96,960 |
| B-HNI (Min) | 68 | 10,880 | ₹10,11,840 |
Shankesh Jewellers IPO Subscription Details
| Investor Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
About Shankesh Jewellers Ltd.
Incorporated in 2005, Shankesh Jewellers Limited is engaged in the manufacturing and supply of customised handcrafted gold jewellery.
The company specialises in 22-karat and 18-karat gold jewellery, offering a wide product portfolio including bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings and combined sets.
Its jewellery categories include antique, semi-antique, Calcutta, temple, gheru polish and yellow, rodium and rose gold jewellery.
Shankesh Jewellers distributes its products across India to both corporate and non-corporate clients. Its clientele includes established jewellery companies such as Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited, Manoj Vaibhav Gems ‘N’ Jewellers Limited and other jewellery houses.
The company follows an asset-light business model by working with skilled local karigars and jobworkers while managing design, material sourcing and delivery in-house.
In addition to jewellery sales, the company provides job work services where clients provide bullion and specific design requirements. Its jewellery is BIS-hallmarked as per regulatory guidelines.
As of May 31, 2026, the company had 46 permanent employees and was associated with 72 jobworkers.
Shankesh Jewellers Business Segments
Key Strengths of Shankesh Jewellers
Shankesh Jewellers IPO Financials
Shankesh Jewellers Ltd.’s revenue increased by approximately 16% while profit after tax increased by approximately 165% between the financial years ended March 31, 2025 and March 31, 2026, based on the supplied financial data.
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 403.76 | 249.56 | 177.07 |
| Total Income | 1,630.93 | 1,403.94 | 1,061.91 |
| Profit After Tax | 106.68 | 40.31 | 12.82 |
| EBITDA | 157.90 | 65.35 | 28.60 |
| Net Worth | 209.43 | 100.60 | 60.29 |
| Reserves and Surplus | 150.65 | 90.83 | 57.50 |
| Total Borrowing | 167.30 | 145.63 | 109.81 |
Recently Listed IPOs in Gems, Jewellery and Watches
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss | LTP |
|---|---|---|---|---|---|---|---|
| Advit Jewels Ltd. | Mainboard | ₹165.16 Cr | ₹138 | 18.41 | ₹179.46 | +30.04% | ₹177.79 |
| PNGS Reva Diamond Jewellery Ltd. | Mainboard | ₹379.52 Cr | ₹386 | 10.96 | ₹411.70 | +6.66% | ₹571.75 |
| Shringar House of Mangalsutra Ltd. | Mainboard | ₹400.92 Cr | ₹165 | 19.47 | ₹184.88 | +12.05% | ₹223.27 |
Shankesh Jewellers IPO Objects of the Issue
The company proposes to utilise the net proceeds from the issue towards the following objectives:
| # | Issue Objects | Estimated Amount |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings. | ₹158.00 Cr |
| 2 | Funding working capital requirements. | ₹38.00 Cr |
| 3 | General Corporate Purposes | Balance Amount |
Shankesh Jewellers IPO Key Performance Indicators
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 50.94% | 40.08% |
| ROCE | 41.57% | 26.28% |
| Debt/Equity | 0.80 | 1.44 |
| RoNW | 50.94% | 40.07% |
| PAT Margin | 6.54% | 2.87% |
| EBITDA Margin | 9.68% | 4.65% |
| NAV | ₹17.82 | ₹8.58 |
| Price to Book Value | 10.84 | — |
Shankesh Jewellers IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.08 | 7.26 |
| P/E (x) | 10.24 | 12.81 |
| Market Cap at Offer Price | ₹1,093 Cr | ₹1,367.39 Cr |
Shankesh Jewellers Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 95.48% | 69.53% |
| Public | 4.52% | 30.47% |
| Total | 100% | 100% |
Company Promoters
The promoters of Shankesh Jewellers Ltd. are Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain.
Shankesh Jewellers IPO Offer for Sale
| Name | Category | Shares Offered | Amount |
|---|---|---|---|
| Kantilal Kheemraj Jain | Promoter | 48,00,000 | ₹44.64 Cr |
| Manoj Kantilal Jain | Promoter | 52,00,000 | ₹48.36 Cr |
| Total | 1,00,00,000 | ₹93.00 Cr |
Shankesh Jewellers IPO Review
What Is IPO GMP?
IPO GMP stands for Initial Public Offering Grey Market Premium. It represents the premium at which an IPO may be informally traded in the grey market before its official stock exchange listing.
GMP is unofficial and can change rapidly depending on market sentiment, demand and other factors. It should not be treated as a guaranteed listing price.
Learn more about IPO GMP meaning, calculation and latest updates .
Shankesh Jewellers IPO GMP →
Shankesh Jewellers IPO Registrar
Shankesh Jewellers IPO Lead Managers
Aryaman Financial Services Ltd.
Smart Horizon Capital Advisors Pvt. Ltd.
Shankesh Jewellers IPO Company Details
Office No. 12, 3rd Floor,
101 Mumbadevi Diamond Premises Co-Op. Society Ltd.
Zaveri Bazar
Mumbai, Maharashtra – 400002
Phone: +91 22234700089
Email: cs@shankeshjewellers.com
Disclaimer: The information provided above is for informational purposes only and should not be considered investment advice. IPO dates, pricing, allotment, subscription and listing information are subject to changes announced by the company, stock exchanges and other authorities. GMP is unofficial and may change before listing.
