Shankesh Jewellers Ltd. IPO Details

Shankesh Jewellers Ltd. IPO Details

MainboardClosed
Min. Investment
₹14,880
/ 160 Shares
Check Allotment Status
Issue Price
₹88 to ₹93
Subscription
-
Issue Size
₹367.18 Cr
Lot Size
160 Shares
Open
2026-08-18
Close
2026-08-20
Allotment
2026-08-21
Listing
2026-08-25

1. Shankesh Jewellers Ltd. IPO Details (Mainboard) IPO Details

Shankesh Jewellers Ltd IPO is a mainboard book-built issue aggregating up to ₹367.18 crores. The issue comprises a fresh issue of 2.95 crore shares (aggregating up to ₹274.18 Cr) and an offer-for-sale (OFS) of 1.00 crore shares (aggregating up to ₹93.00 Cr).
The price band is set at ₹88–₹93 per share (face value of ₹5 per share). The lot size for an application is 160 shares, requiring a minimum retail investment of ₹14,880 at the upper price cap. The company will list on both the BSE and NSE mainboard platforms.

      Grey Market Premium

      Estimated listing gains (Live)

      +₹1Per Share
      EST. GAINS
      Updated real-time from market sources

      Shankesh Jewellers IPO Details

      IPO Date18 to 20 Aug, 2026
      Listing DateTue, Aug 25, 2026 T
      Price Band₹88 to ₹93
      Lot Size160 Shares
      Sale TypeFresh capital cum OFS
      Issue TypeBookbuilding IPO
      Listing AtBSE, NSE
      Total Issue Size3,95,00,000 shares (agg. up to ₹ 367.18 Cr)
      Fresh Issue2,95,00,000 shares (agg. up to ₹ 274.18 Cr)
      Offer for Sale1,00,00,000 shares (agg. up to ₹ 93.00 Cr)

      IPO Timetable (Tentative)

      EventDate
      IPO OpenTue, Aug 18, 2026
      IPO CloseThu, Aug 20, 2026
      AllotmentFri, Aug 21, 2026
      RefundMon, Aug 24, 2026
      Credit of SharesMon, Aug 24, 2026
      ListingTue, Aug 25, 2026

      Issue Reservation

      Investor CategoryShares Offered
      QIB Shares OfferedNot more than 50% of the Net Offer
      Retail Shares OfferedNot less than 35% of the Net Offer
      NII Shares OfferedNot less than 15% of the Net Offer

      IPO Lot Size

      ApplicationLotsSharesAmount
      Retail (Min)1160₹14,880
      Retail (Max)132,080₹1,93,440
      S-HNI (Min)142,240₹2,08,320
      S-HNI (Max)6710,720₹9,96,960
      B-HNI (Min)6810,880₹10,11,840

      IPO Valuation

      Valuation MetricValue
      Market Cap at Upper Price Band₹1,367.39 Cr

      IPO Lead Managers & Registrar

      RoleEntity Name
      RegistrarKfin Technologies Ltd.
      Lead ManagerAryaman Financial Services Ltd.

      2. About Shankesh Jewellers Ltd. IPO Details (Mainboard)

      Incorporated in 2005 and headquartered in Mumbai, Maharashtra, Shankesh Jewellers Limited is a B2B manufacturer and wholesaler of handcrafted gold jewellery. Operating out of Zaveri Bazar, the company specializes in custom-designed gold ornaments, catering to major retail jewellers and wholesalers.
      The company follows an asset-light operational model, utilizing a vast network of skilled third-party artisans and job workers across India. Shankesh Jewellers serves clients across 21 states and 3 union territories.

      Track Record (Financial Highlights)

      • FY24: Total Revenue of ₹1,061.91 Cr | PAT of ₹12.82 Cr | EBITDA of ₹28.60 Cr
      • FY25: Total Revenue of ₹1,403.94 Cr | PAT of ₹40.31 Cr | EBITDA of ₹65.35 Cr
      • FY26: Total Revenue of ₹1,630.93 Cr | PAT of ₹106.68 Cr | EBITDA of ₹157.90 Cr

      Shankesh Jewellers Ltd IPO GMP

      The Grey Market Premium (GMP) currently stands at ₹0 (no premium) as of August 11, 2026, with active grey market trading expected to pick up closer to the bidding open date.

      Shankesh Jewellers Ltd IPO Allotment Status

      The allotment schedule will be finalized following the conclusion of the public subscription window on August 21, 2026.

      Check Shankesh Jewellers Allotment Status

      To check your status online once the issue closes, visit the assigned registrar tracking portal or monitor updates on the stock exchange platforms:
      You can verify your status using:
      • PAN Number
      • Application Number
      • DP ID / Client ID

      Strengths

      • Asset-Light Scalable Model: Leverages a widespread artisan and job-worker network, minimizing heavy capital investment in manufacturing facilities.
      • Consistent Top-Line & Profit Growth: Strong financial expansion over recent years, with PAT surging to ₹106.68 Cr in FY26.
      • Wide B2B Distribution Network: Broad footprint serving large corporate retailers and regional wholesalers across 21 states.

      Weaknesses

      • Third-Party Job Worker Dependency: Relies heavily on outsourced artisans for manufacturing and production quality.
      • Gold Price Volatility & High Value Transit Risk: Profitability is vulnerable to fluctuations in gold bullion prices and inventory transit risks.
      • Regional Concentration: A major portion of total sales remains concentrated in top key states.

      How the Company Will Use IPO Money

      The fresh issue net proceeds (₹274.18 Cr) will be utilized for:
      • Debt Repayment: Repayment or prepayment, in full or in part, of certain borrowings (₹158.00 Cr).
      • Working Capital Requirements: Funding operational inventory and liquidity cycles (₹38.00 Cr).
      • General Corporate Purposes: Meeting general administrative expenses and corporate requirements.
      (Note: Proceeds from the Offer for Sale portion of ₹93 Cr will go directly to the selling promoters).

      Lead Manager & Registrar

      • Book Running Lead Managers: Aryaman Financial Services Ltd & Smart Horizon Capital Advisors Pvt Ltd
      • Registrar: KFin Technologies Limited
      • Listing Platforms: BSE & NSE

      Frequently Asked Questions (Shankesh Jewellers Ltd. IPO Details)

      D
      Founder | India IPO Updates

      DIPAK DANGODARA

      I am the founder of India IPO Updates, a platform dedicated to tracking the Indian IPO market since 2024. With a background in digital research and data analysis, I built this platform to simplify IPO tracking covering issue details, live Grey Market Premium (GMP), subscription status, and allotment updates sourced from public exchange data and verified market sources.

      I am not an SEBI-registered investment advisor. All GMP and market data shared here is for informational purposes only and should not be considered investment advice. Investors are advised to consult a registered financial advisor before making investment decisions.