
Shankesh Jewellers Ltd.
IPOIssue Details
Issue Size
₹367.18 Cr
Fresh Issue
– Cr
OFS
– Cr
Price Band
₹88 – ₹93
Lot Size
160
₹14,880
Face Value
₹5
Important Dates
Open Date
18 Aug 2026
Close Date
20 Aug 2026
Allotment
21 Aug 2026
Refund
24 Aug 2026
Listing
25 Aug 2026
About Company
Shankesh Jewellers Limited is a gold jewellery manufacturer specializing in the design and production of customized handcrafted jewellery. The company primarily focuses on 22-karat and 18-karat gold jewellery and offers a diverse collection of products catering to various customer preferences and market segments.
Its extensive product range includes bangles, bridal jewellery, necklace sets, chokers, jhumkas, mangalsutras, rings, and combination jewellery sets. These products are available in multiple styles, including antique, semi-antique, temple jewellery, Calcutta designs, gheru polish, and yellow, rose, and rhodium-finished gold jewellery.
The company supplies its products across India to a broad customer base comprising both corporate and non-corporate clients. It serves several well-known jewellery retailers and brands, including Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), and Manoj Vaibhav Gems ‘N’ Jewellers Limited, among others.
Shankesh Jewellers operates through an asset-light business model, leveraging a network of experienced karigars and job workers for jewellery manufacturing. While production activities are outsourced, the company retains control over product design, raw material procurement, quality standards, and customer deliveries. The company also undertakes job work assignments, where customers provide gold bullion and design specifications, and the company manufactures the finished jewellery accordingly.
All jewellery products are certified with BIS hallmarking, ensuring compliance with quality and purity standards prescribed by regulatory authorities.
Business Segments
Handcrafted Gold Jewellery Sales: Manufacturing and sale of 22-karat and 18-karat handcrafted jewellery.
Custom Manufacturing Services: Job work activities involving jewellery production using client-supplied bullion and customized designs.
With more than 30 years of experience in the handcrafted jewellery industry, the company has established long-standing relationships with leading jewellery brands and retailers by delivering high-quality craftsmanship, innovative designs, and tailored jewellery solutions.
Objects of the Issue
| # | Description | Amount (₹ Cr) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings | ₹158 |
| 2 | Funding working capital requirements | ₹38 |
| 3 | General Corporate Purposes | – |
Financial Performance
Share Reservations
QIB
78,97,000
Anchor
1,18,44,600
NII
59,22,300
Retail
1,38,18,700
Employee
0
Total
3,94,82,600
Shankesh Jewellers Ltd. IPO Peer Comparison
The table below shows peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Shankesh Jewellers Ltd. | 9.09 | 9.09 | 17.82 | – | 50.97 | Consolidated |
| Shanti Gold International Limited | 21.22 | 21.22 | 83 | 9.76 | 23.42 | Consolidated |
| Sky Gold And Diamonds Limited | 18.07 | 18.06 | 77.8 | 35.42 | 23.37 | Consolidated |
Shankesh Jewellers Ltd. - Documents & Links
Registrar
Company contact
Shankesh Jewellers Ltd.
Address: Office No. 12, 3rd Floor, 101 Mumbadevi Diamond Premises Co- Op, Society Ltd, Zaveri Bazar, Mumbai, Maharashtra
cs@shankeshjewellers.comhttps://www.shankeshjewellers.com/