Shankesh Jewellers IPO: A company engaged in the business of manufacturing and supplying customized handcrafted gold jewelry has launched its IPO. The company aims to raise ₹367.18 crore through this IPO. The Shankesh Jewellers IPO will open for subscription on August 18, 2026, and close on August 20, 2026.
Shankesh Jewellers IPO is a book build issue of 3,94,82,000 shares (₹367.18 Cr.). The issue is a combination of a fresh issue of 2,94,82,000 shares (₹274.18 Cr.) and an offer for sale of 1,00,00,000 shares (₹93.00 Cr.).
The price band for Shankesh Jewellers IPO is ₹ to ₹ per share. The minimum application size is 1 lot (160 shares), requiring a retail investor to invest at least ₹14,880 (based on the upper price band).
Shankesh Jewellers IPO Details
| Open Date | August 18, 2026 |
| Close Date | August 20, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹5.00 Equity Share |
| Price Band | ₹88.00 – ₹93.00 Per Share |
| Listing On | BSE, NSE |
| Issue Size | ₹367.18 Cr. (3,94,82,000 Shares) |
| Fresh Issue | ₹274.18 Cr. (2,94,82,000 Shares) |
| Offer For Sale | ₹93.00 Cr. (1,00,00,000 Shares) |
| Prospectus | RHP | Anchor Investors |
Shankesh Jewellers IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 50.00% | 1,97,41,000 |
| NII | 15.00% | 59,22,300 |
| RII | 35.00% | 1,38,18,700 |
| Total | 100.00% | 3,94,82,000 |
Shankesh Jewellers IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 160 | ₹14,880 |
| Retail Maximum | 13 | 2,080 | ₹1,93,440 |
| S-HNI Minimum | 14 | 2,240 | ₹2,08,320 |
| S-HNI Maximum | 67 | 10,720 | ₹9,96,960 |
| B- HNI Minimum | 68 | 10,880 | ₹10,11,840 |
Key Performance Indicator
| KPI [March 31, 2026] | Value |
| Market Capitalisation | ₹1,367.39 Cr. |
| P/E Ratio | 10.24x |
| EPS | ₹9.08 |
| ROE | 50.94% |
| ROCE | 41.57% |
| RoNW | 50.94% |
| Dept/Equity | 0.80 |
| EBITDA Margin | 9.68% |
| PAT Margin | 6.54% |
| Net Assets Value | ₹17.82 |
| Price To Book Value | — |
Shankesh Jewellers IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Shanti Gold International Limited | 9.76x | ₹21.22 | 23.42% | ₹83.00 |
| Sky Gold And Diamonds Limited | 35.42x | ₹18.07 | 23.37% | ₹77.80 |
Shankesh Jewellers IPO Dates
| Open Date | August 18, 2026 |
| Close Date | August 20, 2026 |
| Allotment Date | August 21, 2026 |
| Refund Date | August 22, 2026 |
| Share Credit Date | August 22,:2026 |
| Listing Date | August 25, 2026 |
Shankesh Jewellers Limited Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2026 (Standalone) | ₹403.76 Cr. | ₹1,630.93 Cr. | ₹1,487.54 Cr. | ₹209.43 Cr. | ₹106.68 Cr. | ₹157.90 Cr. | ₹150.65 Cr. | ₹167.30 Cr. |
| March 2025 (Standalone) | ₹249.56 Cr. | ₹1,403.94 Cr. | ₹1,349.91 Cr. | ₹100.60 Cr. | ₹40.31 Cr. | ₹65.35 Cr. | ₹90.83 Cr. | ₹145.63 Cr. |
| March 2024 (Standalone) | ₹177.07 Cr. | ₹1,061.91 Cr. | ₹1,044.67 Cr. | ₹60.29 Cr. | ₹12.82 Cr. | ₹28.60 Cr. | ₹57.50 Cr. | ₹109.81 Cr. |
Company Promoters
- Kantilal Kheemraj Jain
- Mahavir Kantilal Jain
- Manoj Kantilal Jain
| Holding Pre Issue | 11,75,49,420 Shares | 95.48% |
| Holding Post Issue | 14,70,31,420 Shares | 69.53% |
Shankesh Jewellers IPO Lead Managers
- Aryaman Financial Services Limited
- Smart Horizon Capital Advisors Private Limited
Shankesh Jewellers IPO Registrar
Kfin Technologies Limited
Telephone: 040-79615565
Email: shankesh.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
About Shankesh Jewellers Limited (Incorporated In 2005)
These are engaged in the business of hand-crafted gold jewelery, and provide customizable services to their customers, and depend on third-party employers for the production and manufacture of products.
Their clients include both corporate entities, such as Joyalukkas India Limited, P.N. Gadgil & Sons Limited, Kalyan Jewelers India Limited, PN Gadgil Jewelers Limited, Manoj Vaibhav James ‘N’ Jewelers Limited, Novel Jewels Limited (Aditya) Birla Group), Bhima Jewelery Madurai, Hari Prasad Gopi Krishna Saraf Pvt Ltd, DP Ajnahan Ltd., Vaisharaju Jewelers Private Limited, Gajanand Jewelery Mart India Private Limited, Arundhati Jewelers Pvt. Ltd., among other and non-corporate entities such as Verma Jewelers and Sham Jewelers, operates an asset-lighting business, in which handicrafts handicrafts to Karigars as per the customer’s requirement, and designs, materials sourcing and designing for their customers.
Let’s manage the process of making ready-made jewellery. And based on the type of jewelery the actual production is outsourced to the relevant local carriers through the jobworkers, who are controlled by them on behalf of the client to ensure end-to-end delivery of the final product in accordance with their specific design requirements.
This model is common in the jewelery industry, allowing wholesaler to focus on inventory management, specializing in design and marketing without investing in manufacturing infrastructure. The company’s office is located in Mumbai, Maharashtra, and they are distributing their products to reputed nationwide corporate and non-corporate customers.
They offer a diverse range of high-quality handmade gold jewellery in 22-carat and 18-carat gold. Their product portfolio includes bangles, bridal jewellery, chokers, earrings, long and short necklace sets, mangalsutras and rings, and a wide collection of combined jewellery sets in the categories of antique jewellery, semi-antique jewellery, Calcutta jewellery, temple jewellery, gheru polish and yellow/rhodium/rose gold jewellery, with the capability to create customised jewellery as per customer requirements. These pieces are suitable for all occasions like weddings, festivals and everyday wear, catering to the diverse needs of their customers across India. Their gold jewellery is hallmarked as per BIS standards as per regulatory guidelines.
In addition to standard products, the company also offers custom job work services, where clients supply bullion with specific design requirements and hire artisans, through the company’s job workers, to create the jewelry. Upon completion, the company delivers the finished pieces directly to its clients, ensuring seamless and high-quality service.
Their legacy in the handmade jewelry market spans over 3 decades. Mr. Kantilal Khimraj Jain started his handmade gold jewelry business in 1992 under his firm name Shankesh Jewellers. Later, in July 2005, the company was incorporated as H.K. Gold Private Limited, and later in August 2006, the company changed its name to Shankesh Jewellers Private Limited.
The company engaged a total of 72 job workers to manufacture its jewelry during fiscal 2026. They do not manufacture any jewelry in-house, allowing them to focus on inventory management, designing, and customization of handmade gold jewelry, and operating a diverse range of products so that their clients can showcase the best pieces to their end consumers without the hassle of inventory management, designing, and sourcing.
Of the total job workers they have engaged with over the years, 66 have signed agreements with their company, giving them access to numerous artisans.
These artisans are specialized and experienced in a variety of handmade jewelry items, having worked under them for years. They have their own designers who develop new products and designs based on the latest trends, customer lifestyles, expectations, preferences, and more, and work closely with their experienced job workers.
By fostering these relationships with experienced artisans and offering a wide product range of handmade gold jewellery, they are able to improve their service and delivery, and ensure that their jewellery meets their customers’ expectations.
This is essentially an asset-light model, where they share their expertise in jewellery design, craftsmanship, and timely delivery of their products with all their customers across India. This model allows them to control the entire value chain, from designing to supplying finished goods. Their association with experienced artisans helps them maintain strict quality control on the supply side and respond quickly to customer needs on the demand side.
Company Strengths (In Details)
- 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.
Objects Of The Issue (In Details)
- Repayment/pre-payment, in full or part, of certain borrowings. (Estimated Amount ₹158.00 Cr.)
- Funding working capital requirements. (Estimated Amount ₹38.00 Cr.)
- General Corporate Purposes
Company Address
Shankesh Jewellers Limited
Address: Office No. 12, 3rd Floor,
101 Mumbadevi Diamond Premises Co- Op, Society Ltd, Zaveri Bazar, Mumbai, Maharashtra, 400002
Telephone: +91 22234700089
Email: cs@shankeshjewellers.com
Website: https://www.shankeshjewellers.com/
Shankesh Jewellers IPO FAQs
What are the open and close dates of the Shankesh Jewellers IPO?
The Shankesh Jewellers IPO will open on August 18, 2026 and close on August 20, 2026.
What is the price band for Shankesh Jewellers IPO?
The price band for the Shankesh Jewellers IPO is ₹88 to ₹93 per share.
What is the issue size of the Shankesh Jewellers IPO?
The total issue size of the Shankesh Jewellers IPO is ₹367.18 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Shankesh Jewellers IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 160 Shares with ₹14,880 amount while the maximum bid is 13 Lot, 2,080 shares with ₹1,93,440 for the Shankesh Jewellers IPO.
What is Shankesh Jewellers IPO Investors Portion?
The investors portion for QIB 50%, NII 15%, RII 35% for the Shankesh Jewellers IPO.
When will the allotment for the Shankesh Jewellers IPO be finalized?
The Shankesh Jewellers IPO allotment is expected to be finalized on August 21, 2026.
When will the shares of Shankesh Jewellers IPO get listed?
The Shankesh Jewellers IPO shares are expected to be listed on BSE and NSE on August 25, 2026.
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| Shankesh Jewellers IPO GMP |
| Shankesh Jewellers IPO Subscription Status |
| Shankesh Jewellers IPO Allotment Status |
This content has been researched and written by the IPO Investors Team…
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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