Shankesh Jewellers IPO- Complete Overview
Shankesh Jewellers IPO is a Mainboard IPO with an issue size of Rs. 367.18 Cr by Shankesh Jewellers Limited, which is in the industry of producing and offering personalized, handmade gold jewelry.
With a broad range of products in categories like antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewelry, the company specializes in 22-karat and 18-karat gold jewelry. These products include bangles, bridal jewelry, chokers, jhumkas, necklace sets, mangalsutras, rings, and combined sets.
The company supplies corporate and non-corporate customers with PAN-India products. Reputable jewelers like Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewelers India Limited, Novel Jewels Limited (Aditya Birla Group), Manoj Vaibhav Gems 'N' Jewelers Limited, and other well-known jewelry businesses are among its clients.
Two categories comprise its product portfolio:
-
Handmade jewelry sales (22k and 18k)
-
Custom task services (implementation of designs and bullion supplied by the client).
This new IPO is to be launched on 18 Aug 2026, and its ‘initial public offering’ will end on 20 Aug 2026.
Shankesh Jewellers IPO Details
This Mainline IPO comprises a combination of a fresh issue of 2.95 crore shares (Rs. 274.18 Cr) and an offer for sale of 1 crore shares (Rs. 93 Cr). The Shankesh Jewellers IPO listing date is 25 August 2026. The Shankesh Jewellers IPO price is between Rs. 88 to Rs. 93 for each Share.
If you want to apply for the IPO, click to open a Demat Account.
Industry Overview & Outlook
In CY25, the domestic gold Jewellery industry was valued at Rs 7,907.7 billion with a CAGR of 9.5% from CY20-CY25. The market is expected to grow at a CAGR of 11.4% between CY25 and CY30 to Rs 13,575.8 billion.
Company Financial
(Amount in Cr)
|
Period |
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 |
Cash Flows
The cash flows for various activities are shown below:
(Amount in Mn)
|
Net Cash Flow In Multiple Activities |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2025 |
|
Net Cash Flow Operating Activities |
3.32 |
(231.05) |
14.71 |
|
Net Cash Flow Investing Activities |
(126.99) |
(28.95) |
(10.12) |
|
Net Cash Flow Financing Activities |
123.70 |
258.47 |
(4.86) |
Revenue Bifurcation
(Source RHP)
The Objective of the Issue
-
Repayment/pre-payment, in full or part, of certain borrowings. ~ Rs. 158 Cr.
-
Funding working capital requirements. ~ Rs. 38 Cr.
-
General Corporate Purposes.
Peers of Shankesh Jewellers
|
Name of the Company |
Face Value (₹) |
EPS Basic (₹) |
P/E Ratio |
|
Shanti Gold International Limited |
10 |
21.22 |
10.04 |
|
Sky Gold & Diamonds Limited |
10 |
18.07 |
34.86 |
Shankesh Jewellers Limited Share Price
The Shankesh Jewellers Limited share price will be available once it is listed on the stock exchange like BSE, NSE.
Evaluation of P/E Ratio
Considering the period ended FY26 with an EPS of Rs. 9.09 from the last year, the resulting P/E ratio is 10.23x.
The Lalithaa Jewellery Mart IPO application will be available from 17 August 2026.
Shankesh Jewellers IPO Valuation
|
Particulars |
Value |
|
ROE |
50.94% |
|
ROCE |
41.57% |
|
Debt/Equity |
0.80 |
|
RoNW |
50.94% |
|
PAT Margin |
6.54% |
|
EBITDA Margin |
9.68% |
IPO's Strengths
-
Strong historical financial performance.
-
Long-term relationships with local job workers for handcrafted gold jewellery manufacturing.
-
Asset-light business model.
-
Wide product range in handcrafted gold jewellery.
IPO’s Weaknesses
-
High working capital
-
Gold price volatility
-
Higher compliance costs
-
Customer concentration risk.
Shankesh Jewellers IPO GMP Today
Shankesh Jewellers IPO GMP is Rs. 3 as of August 13, 2026, when this information was written. With the upper price band of Rs. 93, Shankesh IPO's estimated listing price is Rs. 96. The expected listing gain/loss per share is 3.23%.
Shankesh Jewellers Limited IPO Timetable (Tentative)
The Shankesh Jewellers IPO date is from 18 Aug to 20 Aug. With IPO allocation on Aug 21, refund initiation on Aug 24, and listing on Aug 25, 2026.
|
Events |
Date |
|
IPO Opening Date |
18 Aug 2025 |
|
IPO Closing Date |
20 Aug 2025 |
|
IPO Allotment Date |
21 Aug 2025 |
|
Refund Initiation |
24 Aug 2025 |
|
IPO Listing Date |
25 Aug 2025 |
IPO Other Details
|
IPO Opening & Closing Date |
18 Aug 2026 to 20 Aug 2026 |
|
Face Value |
Rs. 5 per Share |
|
Issue Price |
Rs. 88 to Rs. 93 |
|
Lot Size |
160 Shares |
|
Issue Size |
3,94,82,000 shares (Rs. 367 Cr) |
|
Offer for Sale |
1,00,00,000 shares (Rs. 93 Cr) |
|
Fresh Issue |
2,94,82,000 shares (Rs. 274 Cr) |
|
Listing At |
BSE, NSE |
|
Issue Type |
Book Built Issue IPO |
|
Registrar |
Kfin Technologies Ltd. |
IPO Grey Market Premium
The current IPO GMP is available at our live IPO GMP page, where you can get the GMP today for open Mainboard and SME IPOs.
Shankesh Jewellers IPO Lot Size
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (160 Shares) amounting to Rs. 14880 and 13 Lots (2080 Shares) for Rs. 1,93,440, respectively, while for HNI investors, the minimum Lot is 14 (2240 Shares) amounting to Rs. 2,08,320.
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
S-HNI (Minimum) |
14 Lots |
|
S-HNI (Maximum) |
67 Lots |
|
B-HNI (Minimum) |
68 Lots |
IPO Reservation
|
Institutional Share Portion |
50% |
|
Retail Investors' Share Portion |
35% |
|
Non-Institutional Shares Portion |
15% |
Promoters and Management of Shankesh Jewellers Ltd.
-
Kantilal Kheemraj Jain
-
Mahavir Kantilal Jain
-
Manoj Kantilal Jain.
|
Pre-Issue Promoter Shareholding |
95.48% |
|
Post-Issue Promoter Shareholding |
69.53% |
IPO Lead Managers
- Aryaman Financial Services Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Shankesh Jewellers IPO is a Mainboard IPO of ₹367.18 Cr, opening from 18 August 2026 to 20 August 2026, with a price band of ₹88–₹93 per share. The IPO proceeds will mainly be used for repayment of borrowings, working capital requirements, and general corporate purposes, while key risks include high working capital needs, gold price volatility, and customer concentration.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to provide all the required details about the company you should know before applying for the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
