Shankesh Jewellers Limited IPO Price: ₹88 to ₹93 per share
IPO Dates: 18 Aug to 20 Aug, 2026
Company Overview
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.
Product Portfolio
The company offers a wide product portfolio including bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and combined sets.
Its products are offered across categories such as antique, semi-antique, Calcutta, temple, gheru polish, and yellow, rodium, and rose gold jewellery.
Business Operations
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, the company offers job work services where clients provide bullion and specific design requirements.
All jewellery is BIS-hallmarked as per regulatory guidelines.
Business Segments
The company’s product portfolio is classified into two segments:
- Sales of handcrafted jewellery in 22k and 18k gold.
- Custom job work services involving client-supplied bullion and design execution.
Distribution Network
The company distributes its products PAN-India to both corporate and non-corporate clients.
Customer Base
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.
Market Position
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.
Workforce
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.
Key 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.
Bidding Starts In
Shankesh Jewellers Limited IPO Specifics:
| 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 Cr) |
| 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 |
Shankesh Jewellers Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Tue, Aug 18, 2026 |
| IPO Close | Thu, Aug 20, 2026 |
| Allotment | Fri, Aug 21, 2026 |
| Refund | Mon, Aug 24, 2026 |
| Credit of Shares | Mon, Aug 24, 2026 |
| Listing | Tue, Aug 25, 2026 |
Shankesh Jewellers Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 160 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Shankesh Jewellers Limited 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 |
Shankesh Jewellers Limited IPO Financial Information
| Particulars (₹ Cr) | 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 & Surplus | 150.65 | 90.83 | 57.50 |
| Total Borrowing | 167.30 | 145.63 | 109.81 |
Key Performance Indicator-Shankesh Jewellers Limited IPO
| 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 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.08 | 7.26 |
| EPS (₹) | 10.24 | 12.81 |
| Market Cap at Offer Price | ₹1,093Cr. | ₹1,367.39 Cr |
Prospectus: Official documents that provide detailed information about the IPO and the company.
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