Shankesh Jewellers IPO Details
Shankesh Jewellers IPO Summary
Shankesh Jewellers IPO opens for subscription on 18 Aug 2026 and closes on 20 Aug 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 25 Aug 2026.
Shankesh Jewellers IPO price band has been fixed at ₹88 – ₹93 per share. The face value is ₹5 per share with a lot size of 160.
Shankesh Jewellers IPO total issue size comprises 3,94,82,000 shares (aggregating up to ₹367.18 Cr). This includes a fresh issue of 2,94,82,000 shares (aggregating up to ₹274.18 Cr). Offer for Sale consists of 1,00,00,000 shares (aggregating up to ₹93.00 Cr). Pre-issue shareholding stands at 11,75,49,420, which will increase to 14,70,31,420 post-issue.
Shankesh Jewellers IPO carries a ₹2.75 (2.96%) GMP, reflecting investor sentiment.
Shankesh Jewellers IPO Lot Size :Retail Minimum is 1 lot (160 shares) amounting to ₹14,880. Retail Maximum is 13 lots (2,080 shares) amounting to ₹1,93,440. SHNI Minimum is 14 lots (2,240 shares) amounting to ₹2,08,320. SHNI Maximum is 67 lots (10,720 shares) amounting to ₹9,96,960. BHNI Minimum is 68 lots (10,880 shares) amounting to ₹10,11,840.
Shankesh Jewellers IPO Details
Shankesh Jewellers IPO Subscription
Shankesh Jewellers IPO Application Wise Breakup (Approx)
Shankesh Jewellers IPO Dates
- 18 Aug 2026Opening dateOpen
- 20 Aug 2026Closing dateClose
- 21 Aug 2026Allotment Date Allotment
- 24 Aug 2026Initiation of RefundsRefund
- 24 Aug 2026Credit of SharesCredit
- 25 Aug 2026Listing dateListing
Shankesh Jewellers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 160 | ₹14,880 |
| Retail Maximum | 13 | 2080 | ₹1,93,440 |
| SHNI Minimum | 14 | 2240 | ₹2,08,320 |
| SHNI Maximum | 67 | 10720 | ₹9,96,960 |
| BHNI Minimum | 68 | 10880 | ₹10,11,840 |
Shankesh Jewellers IPO Reservation
Promoter Holding
Documents
Shankesh Jewellers IPO Valuations
Shankesh Jewellers Financial Information
| 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 |
| Reserves and Surplus | 150.65 | 90.83 | 57.50 |
| Total Borrowing | 167.30 | 145.63 | 109.81 |
| Amount in ₹ Crore | |||
About Shankesh Jewellers IPO
Incorporated in 2005, Shankesh Jewellers Limited is engaged in the business of manufacturing and providing 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 across categories such as antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewellery.
The company distributes products PAN-India to both corporate and non-corporate clients. Its clientele includes reputed jewellers 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, and other established jewellery houses.
Shankesh Jewellers follows an asset-light model by engaging skilled local karigars and jobworkers for production while managing design, material sourcing, and delivery in-house. In addition to product sales, it offers job work services where clients provide bullion and specific design requirements. All jewellery is BIS-hallmarked as per regulatory guidelines.
Its product portfolio is classified into two segments:
-
Sales of handcrafted jewellery (22k and 18k)
-
Custom job work services (client-supplied bullion and design execution)
With a legacy of over three decades in the handmade jewellery market, the company has built strong relationships with leading jewellery brands by consistently delivering design excellence, craftsmanship, and customised solutions.
Strength Of Shankesh Jewellers IPO
- Strong historical financial results.
- Long Term Relation with local Jobworkers for handling custom hand crafted gold jewellery making process.
- Asset-Light business model.
- Wide product range in hand crafted gold jewellery.
- Commitment to Quality and Customer Satisfaction.
- Established relations with corporate and non- corporate jewellery clients.
- Experienced Promoters and management team with execution capabilities.
- Established marketing setup.
Risk Of Shankesh Jewellers IPO
- Our business and the demand for our product is reliant on the success of our customers' products with end consumers, and any decline in the demand for the end-products could have an adverse impact on our business, results of operations, cash flows and financial condition.
- Jewellery purchases are discretionary and often perceived as luxury purchases. Any factor negatively impacting discretionary spending by consumers may adversely affect our business, results of operations, financial condition and prospects.
- A significant portion of our business operations and revenue generation is concentrated in the Top 5 states (Tamil Nadu, Maharashtra, Uttar Pradesh, Bihar and Odissa) which contributed to 67.84%, 63.67% and 62.00% of our revenue from operations in Fiscal 2026, 2025 and Fiscal 2024. This regional concentration could expose our Company to economic, cultural, geopolitical and local market risks.
- We operate in a high-value commodity sector and there are certain security risks associated with the transit and delivery of gold jewellery, including potential loss or theft.
- We are dependent on third party Jobworkers for the production and manufacturing of all of our products. Any disruptions at such third-party production or manufacturing facilities, or shortage or scarcity of Karigars employed or deployed such Jobworkers in the jewellery industry in Maharashtra or failure of such third parties to adhere to the relevant quality standards may have a negative effect on our reputation, business and financial condition and results of operations.
- We are subject to strict quality requirements, and sales of our products is dependent on our quality controls and standards, which has resulted in certain instances of our products being returned by our customers amounting to Rs. 1,177.56 million, Rs.733.98 million and Rs.462.72 million in Fiscals 2026, 2025 and 2024, respectively. Any failure to comply with quality standards may adversely affect our business prospects, cash flows and financial performance, including cancellation of existing and future orders.
- Our funding requirements and proposed deployment of the Net Proceeds of the Offer have not been appraised by a bank or a financial institution, and the proposed utilization of Net Proceeds is based on, amongst others, our current business plan and management estimates, and if there are any delays or cost overruns, our business, cash flows, financial condition and results of operations may be adversely affected.
- Our Company has experienced negative net cash flow from operating activities of Rs. 231.05 million in Fiscal 2025, negative cash flow from investing activities of Rs. 126.99 million, Rs. 28.95 million and Rs. 10.12 million in the past three Fiscals, and negative cash flow from financing activities of Rs.4.86 million in Fiscal 2024, and may continue to do so in future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations.
- We have incurred significant indebtedness which exposes us to various risks which may have an adverse effect on our business, results of operations and financial conditions. Conditions and restrictions imposed on us by the agreements governing our indebtedness could adversely affect our ability to operate our business.
- Our manufacturing work is done by skilled Karigars, who do not work exclusively for us, and we may be unable to maintain or establish arrangements with the Jobworkers, which exposes us to any risks/adverse developments affecting the skilled Karigars and we may experience other disruptions or quality control risks while working with such parties.
Objectives Shankesh Jewellers IPO
1. Repayment/pre-payment, in full or part, of certain borrowings
2. Funding working capital requirements
3. General Corporate Purposes
Company Contact Details
Shankesh Jewellers Ltd.
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
Website: https://www.shankeshjewellers.com/
Registrar Contact Details
Shankesh Jewellers FAQs
The Shankesh Jewellers IPO is a MAINBOARD public issue comprising 39482000 equity shares with a face value of ₹5 each, aggregating to a total issue size of ₹367.18 Cr. The issue price has been fixed at ₹93 per equity share, and the minimum application size is 160 shares.
The IPO opens for subscription on 18 Aug 2026, and closes on 20 Aug 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹2.75 (2.96%).
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