Shankesh Jewellers IPO
Bookbuilding IPO | ₹367.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Tue, Aug 18, 2026
IPO Close
Thu, Aug 20, 2026
Price Band
₹88.00 to ₹93.00
Market Cap (Pre-IPO)
₹1,367.39 Cr
IPO Details
| IPO Date | Aug 18, 2026 to Aug 20, 2026 |
| Listing Date | Tentative: Aug 25, 2026 |
| Face Value | ₹5.00 per share |
| Price Band | ₹88.00 to ₹93.00 |
| Lot Size | 160 Shares (Minimum: ₹14,880.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹367.00 Crores |
| Total Shares Offered | 39,482,000 shares |
| Fresh Issue | 29,482,000 shares |
| Offer For Sale | 10,000,000 shares |
Shankesh Jewellers 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 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 | ₹193,440 |
| S-HNI (Min) | 14 | 2,240 | ₹208,320 |
| S-HNI (Max) | 67 | 10,720 | ₹996,960 |
| B-HNI (Min) | 68 | 10,880 | ₹1,011,840 |
Shankesh Jewellers Financial Information (Restated Consolidated)
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.
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 40.08% |
| ROCE (Return on Capital Employed) | 26.28% |
| Debt/Equity | 1.44 |
| RoNW (Return on Net Worth) | 40.07% |
| PAT Margin (Profit After Tax Margin) | 2.87% |
| EBITDA Margin | 4.65% |
| Price to Book Value | 10.84 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.08 | 7.26 |
| P/E (x) | 10.24 | 12.81 |
Company Overview
Shankesh Jewellers Ltd. – Company Overview
- Shankesh Jewellers Ltd. is engaged in the manufacturing and supply of customised handcrafted gold jewellery, specialising in 22-karat and 18-karat gold jewellery.
- The company offers a wide range of jewellery, including bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and combined sets.
- Product Portfolio:
- Antique & Semi-Antique Jewellery
- Calcutta & Temple Jewellery
- Gheru Polish Jewellery
- Yellow, Rhodium & Rose Gold Jewellery
- Customised Handcrafted Jewellery
- The company distributes its products PAN-India to corporate and non-corporate clients, including leading jewellery brands such as Joyalukkas, P. N. Gadgil & Sons, Kalyan Jewellers, Novel Jewels, and Manoj Vaibhav Gems ‘N’ Jewellers.
- It follows an asset-light manufacturing model, working with skilled local karigars and jobworkers while managing design, material sourcing, quality control, and delivery in-house.
- The company also provides custom job work services, where clients supply bullion and design requirements. All jewellery is BIS-hallmarked as per applicable regulations.
- With over three decades of experience in handmade jewellery, the company has built long-term relationships with established jewellery houses.
- As of May 31, 2026, the company had 46 permanent employees and was associated with 72 jobworkers.
Company 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.
Use of Proceeds
| 1) | Repayment/pre-payment, in full or part, of certain borrowings | 158.00 |
| 2) | Funding working capital requirements | 38.00 |
| 3) | General Corporate Purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Shankesh Jewellers IPO Peer Comparison
Shankesh Jewellers peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Shankesh Jewellers Ltd. | 9.09 | 9.09 | 17.82 | - | 50.97 | - | Standalone |
| Shanti Gold International Limited | 21.22 | 21.22 | 83.00 | 9.76 | 23.42 | 2.61 | Consolidated |
| Sky Gold And Diamonds Limited | 18.07 | 18.06 | 77.80 | 35.42 | 23.37 | 8.36 | Consolidated |
Quick Info
| Sector | Gems, Jewellery and Precious Metals |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹1,367.39 Cr |
Important Dates
| IPO Open | Aug 18, 2026 |
| IPO Close | Aug 20, 2026 |
| Allotment Date | Aug 21, 2026 |
| Credit to Demat | Aug 24, 2026 |
| Listing Date | Tentative: Aug 25, 2026 |
Lead Manager(s)
Aryaman Financial Services Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹367.18 crores.
- Issue Structure: A combination of fresh issue of 2.95 crore shares aggregating to ₹274.18 crores and offer for sale of 1.00 crore shares aggregating to ₹93.00 crores.
- IPO Dates: The issue opens on August 18, 2026 and closes on August 20, 2026.
- Allotment Date: The allotment is expected to be finalized on August 21, 2026.
- Listing Details: The shares are proposed to be listed on both National Stock Exchange of India and BSE Limited on August 25, 2026.
- Retail Investment Requirement: Minimum 1 lot (160 shares) amounting to approximately ₹14,880 (at the upper price band).
- Issue Price Band: ₹88 to ₹93 per equity share.
- Lot Size: 160 shares per lot.
This IPO offers investors an opportunity to participate in the jewellery retail sector through a combination of a fresh issue of shares and an offer for sale by existing shareholders.