Shankesh Jewellers IPO Details Details

Shankesh Jewellers IPO is a book-built issue of ₹367.18 crore, comprising a fresh issue of 2.95 crore shares worth ₹274.18 crore and an Offer for Sale (OFS) of 1.00 crore shares worth ₹93.00 crore. The IPO will open for subscription on August 18, 2026, and close on August 20, 2026. The basis of allotment is expected to be finalized on August 21, 2026, while the shares are tentatively scheduled to list on BSE and NSE on August 25, 2026. The company has fixed the price band at ₹88–₹93 per share. The minimum application size for retail investors is 160 shares, requiring an investment of ₹14,880 at the upper price band of ₹93 per share. IPO Details at a Glance Total Issue Size: ₹367.18 crore Fresh Issue: ₹274.18 crore Offer for Sale (OFS): ₹93.00 crore Price Band: ₹88–₹93 per share Lot Size: 160 shares Minimum Retail Investment: ₹14,880 IPO Opens: August 18, 2026 IPO Closes: August 20, 2026 Expected Allotment: August 21, 2026 Tentative Listing: August 25, 2026 Listing: BSE & NSE Book Running Lead Manager: Aryaman Financial Services Ltd. Registrar: Kfin Technologies Ltd. Investors should refer to the company’s Red Herring Prospectus (RHP) for complete information regarding the business, financial performance, risk factors, objects of the issue, and other material details before making an investment decision.

IPO Details

IPO Date 18 Aug 26
Listing Date 25 Aug 26
Face Value ₹5 per share
Price Band ₹88 to ₹93
Lot Size 160
Sale Type Fresh capital cum OFS
Issue Type Bookbuilding IPO
Listing At NSE, BSE
Total Issue Size ₹367 Cr
Fresh Issue
₹274 Cr
Offer for Sale
Share Holding Pre Issue 11,75,49,420 shares
Share Holding Post Issue 14,70,31,420 shares

IPO DRHP Status

Description Details

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50.00% of the Net Offer
Retail Shares Offered Not less than 35.00% of the Net Offer
NII Shares Offered Not less than 15.00% of the Net Offer

About Shankesh Jewellers IPO Details.


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 and offers a diversified portfolio comprising bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and combination sets. Its jewellery collections span multiple styles and categories, including antique, semi-antique, Calcutta, temple, gheru polish, yellow gold, rhodium-finish, and rose gold jewellery, catering to varying customer preferences and regional demand. Business & Client Base Shankesh Jewellers distributes its products across India to both corporate and non-corporate clients. Its clientele includes several established jewellery brands and retailers, such as: Joyalukkas India Limited P. N. Gadgil & Sons Limited Kalyan Jewellers India Limited Novel Jewels Limited (Aditya Birla Group) Manoj Vaibhav Gems ‘N’ Jewellers Limited Other established jewellery houses across India Asset-Light Business Model The company operates an asset-light manufacturing model, leveraging a network of skilled local karigars and jobworkers for jewellery production. Key activities such as product designing, raw-material sourcing, quality control, client servicing, and delivery are managed by the company. Apart from selling handcrafted jewellery, Shankesh Jewellers also provides custom job-work services, under which clients supply the bullion along with their specific design requirements, while the company facilitates the manufacturing and execution process. The company's jewellery products are BIS-hallmarked in accordance with applicable regulatory requirements. Key Business Segments 1. Handcrafted Jewellery Sales Manufacturing and sale of customised 22K and 18K gold jewellery across a wide range of designs and categories. 2. Custom Job-Work Services Manufacturing jewellery based on client-supplied bullion and customised design specifications. Established Industry Presence With a legacy of more than three decades in the handcrafted jewellery business, including the promoters’ industry experience, the company has developed long-standing relationships with prominent jewellery brands. Its focus on craftsmanship, customised designs, product quality, and timely execution has helped establish its presence in the handmade gold jewellery market. Workforce As of May 31, 2026, Shankesh Jewellers had 46 permanent employees across functions including executive management and KMP, accounts and finance, administration, sales and marketing, designing and client servicing, and quality control. The company was also associated with 72 jobworkers, supporting its asset-light production model. Key Strengths Strong historical financial performance Asset-light business model Long-standing relationships with skilled local karigars and jobworkers Diversified portfolio of handcrafted 18K and 22K gold jewellery Established relationships with leading corporate and non-corporate jewellery clients Strong emphasis on quality, craftsmanship, customisation, and customer satisfaction Experienced promoters and management team with established execution capabilities Established PAN-India marketing and distribution network

Company Financials (Restated)

Period Ended 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
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Repayment/pre-payment, in full or part, of certain borrowings 158.00
2 Funding working capital requirements 138.00
3 General Corporate Purposes 0.00

Key Performance Indicator (KPI)

KPI Mar 31, 2026 Mar 31, 2025
ROE 50.94%% 40.08%%
ROCE 41.57%% 26.28%%
Debt/Equity - -
RoNW 50.94%% 40.07%%
PAT Margin 6.54%% 2.87%%
EBITDA Margin 9.68%% 4.65%%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 9.08 7.26
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

  • Kfin Technologies Ltd.
  • 040-79615565
  • shankesh.ipo@kfintech.com
  • Visit Website

Contact Details

Shankesh Jewellers Ltd. Address
Office No. 12, 3rd Floor, 101 Mumbadevi Diamond Premises Co- Op, Society Ltd Zaveri Bazar Mumbai, Maharashtra, 400002

IPO FAQs

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