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IPO ·
BSE, NSE
Shankesh Jewellers Ltd
Listed
Incorporated in 2005, Shankesh Jewellers Limited is engaged in the business of manufacturing and providing customised handcrafted gold jewellery.
Issue details
Price band
₹88 – ₹93
Face value
₹5
Lot size
160 shares
Minimum investment
₹14,880
Issue size
₹367.18 Cr
Fresh issue
₹274.18 Cr
Offer for sale
₹93.00 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
18 Aug 2026
Closes
20 Aug 2026
UPI mandate cut-off
5:00 PM on 20 Aug 2026
Allotment
21 Aug 2026
Refunds
24 Aug 2026
Shares in demat
24 Aug 2026
Listing
25 Aug 2026
Subscription and listing
Subscription
2.37x
Listing price
₹103.30
Registrar
Kfin Technologies Ltd
Lead manager
Aryaman Financial Services, Smart Horizon Capital Advisors
Subscription by category
Total
2.37x
Total applications
1,64,559
Anchor investors
Amount raised
₹110.15 Cr
Bid date
17 Aug 2026
50% lock-in ends
19 Sep 2026
Rest lock-in ends
18 Nov 2026
Listing day
Issue price
₹93
Open
₹103.30
High
₹111.00
Low
₹94.00
Day close
₹94.82
Listing gain at open
+11.08%
Issue structure
Shares reserved per category and share of the total issue
QIB
1,97,41,000
50.00%
Anchor Investor
1,18,44,600
30.00%
QIB (Ex. Anchor)
78,96,400
20.00%
NII
59,22,300
15.00%
bNII > ₹10L
39,48,200
10.00%
sNII < ₹10L
19,74,100
5.00%
Retail
1,38,18,700
35.00%
Total
3,94,82,000
100.00%
Finaccle’s quick read
Apply
FY26 income up 16%, PAT up 165%, ROE 50.94%, D/E 0.80, post-issue P/E 12.81x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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, offering a wide product portfolio including bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and combined sets across categories such as antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewellery. The company distributes products PAN-India to both corporate and non-corporate clients. Its clientele includes reputed jewellers such as Joyalukkas India Limited, P. N.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
50.94%
ROCE
41.57%
Debt / equity
0.80
PAT margin
6.54%
P/E post issue
12.81
Market cap
₹1,367.39 Cr
Use of IPO money
Repayment/pre-payment, in full or part, of certain borrowings
₹158.00 Cr
Funding working capital requirements of the Company
₹38.00 Cr
General Corporate Purposes
₹54.94 Cr
Issue Expenses
₹31.10 Cr
Strengths
✓
Revenue up 16% in FY26 to ₹1,630.93 Cr
✓
PAT up 165% in FY26 to ₹106.68 Cr
✓
ROE of 50.94% and ROCE of 41.57%
✓
Moderate leverage: debt to equity 0.80
Risks to watch
!
Modest PAT margin of 6.54%
!
25% of the issue is an offer for sale by existing shareholders
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.