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IPO Open

Tue, Aug 18, 2026

IPO Close

Thu, Aug 20, 2026

Price Band

₹88 to ₹93

Market Cap (Pre-IPO)

₹1,367.39 Cr * on Upper Price

IPO Details

  • IPO Date
    18 to 20 Aug, 2026
  • Listing Date
    Tue, Aug 25, 2026
  • Face Value
    ₹5 per share
  • Price Band
    ₹88 to ₹93
  • 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 (agg. up to ₹367 C
  • Fresh Issue
    2,94,82,000 shares (agg. up to ₹274 Cr)
  • Offer for Sale
    1,00,00,000 shares of ₹5 (agg. up to ₹93 Cr
  • Share Holding Pre Issue
    11,75,49,420 shares
  • Share Holding Post Issue
    14,70,31,420 shares

IPO Timetable (Tentative)

  • IPO Open
    Tue, Aug 18, 2026
  • Allotment
    Fri, Aug 21, 2026
  • Credit of Shares
    Mon, Aug 24, 2026
  • IPO Close
    Thu, Aug 20, 2026
  • Refund
    Mon, Aug 24, 2026
  • Listing
    Tue, Aug 25, 2026

Issue Reservation

Investor Category Shares
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

IPO Lot Size

Investors can bid for a minimum of 160 shares and in multiples thereof.

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

About Shankesh Jewellers Ltd.

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.

As of May 31, 2026, the Company had 46 permanent employees on its payroll, comprising Executive Directors and KMP, Accounts and Finance, Administration, Sales and Marketing, Designing and Client Servicing, and Quality functions. The Company was also associated with 72 jobworkers.

Strengths : 

  • Strong historical financial performance.
  • Long-term relationships with local jobworkers for handcrafted gold jewellery manufacturing.
  • Asset-light business model.
  • Wide product range in handcrafted gold jewellery.
  • Strong focus on quality and customer satisfaction.
  • Established relationships with corporate and non-corporate jewellery clients.
  • Experienced promoters and management team with proven execution capabilities.
  • Established marketing setup.

Company Financials (Restated Standalone)

Shankesh Jewellers Ltd.’s revenue increased by 16% and profit after tax (PAT) rose by 165% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

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

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% ₹193.90
PNGS Reva Diamond Jewellery Ltd. Mainboard ₹379.52 Cr ₹386 10.96 ₹411.70 +6.66% ₹515.75
Shringar House of Mangalsutra Ltd. Mainboard ₹400.92 Cr ₹165 19.47 ₹184.88 +12.05% ₹233.79

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
    38.00
  • 3 General corporate purposes

Key Performance Indicator (KPI)

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

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 ₹1,093Cr. ₹1,367.39 Cr
  • 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.

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: Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain.

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered Amount (₹ cr.)
Kantilal Kheemraj Jain Promoter 48,00,000 44.64
Manoj Kantilal Jain Promoter 52,00,000 48.36
Total 1,00,00,000 93.00

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

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

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

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

Shankesh Jewellers IPO is a main-board IPO of 3,94,82,000 equity shares of the face value of ₹5 aggregating up to ₹367 Crores. The issue is priced at ₹88 to ₹93. The minimum order quantity is 160.

The IPO opens on Tue, Aug 18, 2026, and closes on Thu, Aug 20, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Shankesh Jewellers IPO using UPI as a payment gateway. Angel One customers can apply in Shankesh Jewellers IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Shankesh Jewellers IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Shankesh Jewellers IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Shankesh Jewellers IPO opens on Tue, Aug 18, 2026 and closes on Thu, Aug 20, 2026.

Shankesh Jewellers IPO lot size is 160, and the minimum amount required for application is ₹14,880.

You can apply in Shankesh Jewellers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Shankesh Jewellers IPO will be done on Friday, August 21, 2026, and the allotted shares will be credited to your demat account by Mon, Aug 24, 2026. Check the Shankesh Jewellers IPO allotment status.

The Shankesh Jewellers IPO listing date is not yet announced. The tentative date of listing is Tue, Aug 25, 2026.

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