Minimum Investment
About Company
Company Name: Shankesh Jewellers Limited
Industry / Sector: Gems & Jewellery - Handcrafted Gold Jewellery
Founded Year: 2005
Promoters: Kantilal Kheemraj Jain, Mahavir Kantilal Jain, Manoj Kantilal Jain
Shankesh Jewellers Limited is a Mumbai-based B2B jewellery company engaged in the manufacturing and supply of handcrafted gold jewellery. The company specialises in customised 22-karat and 18-karat gold jewellery and supplies products to major jewellery retailers and corporate customers across India. It follows an asset-light model by outsourcing manufacturing to skilled artisans and job workers while focusing on design, customisation, sourcing, quality control, inventory management and customer relationships.
IPO Basic Details
| Company Name | Shankesh Jewellers Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹88 – ₹93 |
| Lot Size | 160 Shares |
| Total Issue Size | 3,94,82,000 Equity Shares (₹367.18 Cr) |
IPO Strengths & Risks
Strengths
- Established B2B relationships with major jewellery retailers
- Asset-light manufacturing model
- Strong presence in handcrafted gold jewellery
- Customisation and design capabilities
- Pan-India customer presence
- Experienced promoters and management
- Established supplier relationships with major jewellery chains
- BIS-hallmarked jewellery products
- Diversified product portfolio across traditional jewellery categories
Risks
- High dependence on gold prices and working capital
- Dependence on third-party artisans and job workers
- High inventory and receivable requirements
- Jewellery industry competition
- Dependence on major B2B customers
- Gold price volatility can affect margins and working capital
- Risk of changes in consumer preferences
- Working-capital intensive business model
- Dependence on uninterrupted availability of gold and other raw materials
- Risks associated with theft, fraud and inventory management
IPO Important Dates
| IPO Open Date | 18 Aug 2026 |
| IPO Close Date | 20 Aug 2026 |
| Basis of Allotment | 21 Aug 2026 |
| Refund Initiation | 24 Aug 2026 |
| Demat Credit Date | 24 Aug 2026 |
| Listing Date | 25 Aug 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – ₹158 Cr
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | 50% of Net Issue |
| Retail Quota | 35% of Net Issue |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 160 | ₹14,880 |
| Retail Maximum | 13 Lots | 2,080 | ₹1,93,440 |
| S-HNI Minimum | 14 Lots | 2,240 | ₹2,08,320 |
| S-HNI Maximum | 66 Lots | 10,560 | ₹9,82,080 |
| B-HNI Minimum | 67 Lots | 10,720 | ₹9,96,960 |
Key Performance Indicators (KPI)
| ROE | 40.07% (FY2025) |
| ROCE | 26.33% (FY2025) |
| RoNW | 40.07% (FY2025) |
| PAT Margin | 2.87% (FY2025) |
| EBITDA Margin | 4.66% (FY2025) |
| EPS | - |
| NAV per share | - |
| Debt to Equity | 1.44x (FY2025) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2025 (31 Mar 2025) | ₹249.56 Cr | ₹1,403.94 Cr | ₹40.31 Cr | ₹65.46 Cr | ₹100.60 Cr | ₹145.63 Cr |
| FY2024 (31 Mar 2024) | ₹177.07 Cr | ₹1,061.91 Cr | ₹12.82 Cr | ₹28.72 Cr | ₹60.29 Cr | ₹109.81 Cr |
| FY2023 (31 Mar 2023) | ₹174.34 Cr | ₹909.20 Cr | ₹10.44 Cr | ₹22.60 Cr | ₹47.52 Cr | ₹98.40 Cr |
Grey Market Premium
| GMP Price | ₹0 |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 12 Aug 2026 |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: KFin Technologies Limited
Registrar Website: https://ipostatus.kfintech.com/
IPO Lead Manager(s)
Company Information
Address: Office No. 12, 3rd Floor, 101 Mumbadevi Diamond Premises Co-Op Society Ltd., Zaveri Bazar, Mumbai, Maharashtra - 400002
Website: https://www.shankeshjewellers.com/
Email: cs@shankeshjewellers.com
Phone: +91 22 2347 0008/9
IPO Documents
Frequently Asked Questions (FAQ)
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