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Shankesh Jewellers Ltd.

IPO
MainboardBSE, NSEGems, Jewellery And Watches
Opens
18 Aug 2026
Closes
20 Aug 2026
Listing
25 Aug 2026
Issue Size
₹367.18 Cr
Price Band
₹88₹93

Issue 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

#DescriptionAmount (₹ Cr)
1Repayment/pre-payment, in full or part, of certain borrowings₹158
2Funding working capital requirements₹38
3General 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.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Shankesh Jewellers Ltd.9.099.0917.8250.97Consolidated
Shanti Gold International Limited21.2221.22839.7623.42Consolidated
Sky Gold And Diamonds Limited18.0718.0677.835.4223.37Consolidated

Shankesh Jewellers Ltd. - Documents & Links

Registrar

Kfin Technologies Ltd.

Contact: 040-79615565

shankesh.ipo@kfintech.comWebsite

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/

Lead managers

Aryaman Financial Services Ltd.Smart Horizon Capital Advisors Pvt.Ltd.