SHANKESH JEWELLERS LIMITED
₹ 88 - ₹ 93
18-Aug-2026 - 20-Aug-2026
₹ 14880.00

/ 160 Shares

SHANKESH JEWELLERS LIMITED

18-Aug-2026 - 20-Aug-2026

₹ 88 - ₹ 93

Price Band

₹ 14880.00

Minimum Investment

160

Bid Lot

39,482,000

Shares

  • Face Value - ₹ 5/- Per Share

  • Listing at NSE BSE

  • 86,366 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of up to 29,482,000 Equity Shares and Offer for Sale of up to 10,000,000 Equity Shares

Category % Shares/Amount
QIB 50% 19,741,000 Shares RS.183.59 CR
HNI 1 5% 1,974,100 Shares RS.18.36 CR @ 881 FORM 1X
HNI 2 10% 3,948,200 Shares RS.36.72 CR @ 1763 FORM 1X
Retail 35% 13,818,700 Shares RS.128.51 CR @ 86367 FORM 1X

BRLMs: Aryaman Financial Services, Smart Horizon Capital Advisors

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
86367 FORM 1X 881 FORM 1X 1763 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 160 ₹ 14,880
Retail (Upto 2 Lakh) 13 2080 ₹ 193,440
S-HNI (2 Lakh to 10 Lakh) 14 2240 ₹ 208,320
S-HNI (2 Lakh to 10 Lakh) 67 10720 ₹ 996,960
B-HNI (Above 10 Lakh) 68 10880 ₹ 1,011,840

IPO Timeline

  • Open Date

    18-Aug-2026

  • Close Date

    20-Aug-2026

  • Basis of Allotment Date

    21-Aug-2026

  • Initiation of Refunds

    24-Aug-2026

  • Credit Shares to Demat A/c

    24-Aug-2026

  • IPO Listing Date

    26-Aug-2026

Subscription as on
20-Aug-2026 16:43

Category Book Size Subscription No. of Times
QIB 7,896,400 ₹ 73.44 Cr. 10,392,160 ₹ 96.65 Cr. 1.32x
HNI (<10 LAKH) 1,974,100 ₹ 18.36 Cr. 12,595,520 ₹ 117.14 Cr. 6.38x
HNI2 (>10 LAKH) 3,948,200 ₹ 36.72 Cr. 20,869,120 ₹ 194.08 Cr. 5.29x
RETAIL 13,818,700 ₹ 128.51 Cr. 32,995,520 ₹ 306.86 Cr. 2.39x
Total 27,637,400 76,852,320 2.78x
Category Book Size Subscription No. of Times
QIB 7,896,400 ₹ 73.44 Cr. 10,392,160 ₹ 96.65 Cr. 1.32x
HNI (<10 LAKH) 1,974,100 ₹ 18.36 Cr. 12,595,520 ₹ 117.14 Cr. 6.38x
HNI2 (>10 LAKH) 3,948,200 ₹ 36.72 Cr. 20,869,120 ₹ 194.08 Cr. 5.29x
RETAIL 13,818,700 ₹ 128.51 Cr. 32,995,520 ₹ 306.86 Cr. 2.39x
Total 27,637,400 76,852,320 2.78x

*Excluding Anchor

Total No. of Application Approx : ~160264 (1.86 Appwise)

Appwise Subscription
Category Total App App wise
HNIBT 5427.79 881 (For 1x) 6.16x
HNIAT 1636.48 1763 (For 1x) 0.93x
RETAIL 145192.00 86367 (For 1x) 1.68x

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • q  Shankesh Jewellers Ltd, headquartered in Mumbai, is engaged in the business of hand-crafted gold jewellery and customization services. 
  •  
  • q  It acts as the principal contractor, managing jewellery design, material sourcing and the finished jewellery-making process, while production is outsourced to specialised Karigars through job workers.
  •  
  • q  During Fiscal 2026, the Company was associated with 72 job-workers, of which 66 have entered into agreements with the Company, providing access to a large network of specialised and experienced Karigars.
  •  
  • q  Its product portfolio spans 22-karat and 18-karat jewellery including bangles, bridal sets, chokers, jhumkas, necklaces, mangalsutras, and rings, across categories such as antique, semi-antique, Calcutta, temple, gheru polish, and gold variants (yellow, rhodium, rose). All jewellery is BIS-hallmarked in compliance with regulatory standards.
  •  
  • q  Its clientele includes leading corporates such as Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), Bhima Jewellery Madurai, and others, along with non-corporate jewellers such as Verma Jewellers and Sham Jewellers.
  •  
  • q  Additionally, Shankesh Jewellers provides custom job-work services where clients supply bullion and design requirements, which are crafted by karigars and delivered directly. This integrated model enables the company to cater to diverse occasions—weddings, festivals, and daily wear—while maintaining strong B2B relationships across India.
  •  
  • q  The Company has consistently demonstrated growth in revenue from operations along with sustained profitability. During Fiscal 2026, Fiscal 2025 and Fiscal 2024, it catered to 418, 457 and 448 customers, respectively.
Read More

Strengths

Competitive Strength 

  • Strong historical financial results 
  • Long Term Relation with local Jobworkers for handling custom hand-crafted gold jewellery making process 
  • Asset-Light business model 
  • Wide product range in hand crafted gold jewellery 
  • Commitment to Quality and Customer Satisfaction
  • Established relations with corporate and non- corporate jewellery clients
  • Experienced Promoters and management team with execution capabilities
  • Established marketing setup

Business Strategies 

Company Promoters

Company Financials

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 ? Crore

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (? Cr.)
1 Repayment/pre-payment, in full or part, of certain borrowings 158.00
2 Funding working capital requirements 38.00
3 General Corporate Purposes  

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Check Allotment
Message!!

Your file has been successfully uploaded.