Shankesh Jewellers IPO: ₹367 Cr Issue Opens Aug 18

Shankesh Jewellers aims to raise ₹367.18 crores through its Mainboard Book Built Issue, with the IPO scheduled to open on August 18, 2026. The price band for the equity shares is set between ₹88 and ₹93 per share.

IPO Structure & Key Numbers

• Total IPO Size: ₹367.18 crores
• Fresh Issue Component: ₹274.18 crores
• Offer for Sale: Up to 1,00,00,000 equity shares
• Face Value: ₹5 each
• Price Band: ₹88 to ₹93 per share
• Minimum Market Lot: 160 shares
• Minimum Application Amount: ₹14,880

The company plans to use the IPO proceeds primarily for debt repayment and working capital. Approximately ₹158.00 crores is allocated for the repayment or pre-payment of certain borrowings, while ₹38.00 crores will fund working capital requirements.

Financial Performance Highlights (FY2026)

• Revenue: ₹1,630.93 crores (up from ₹1,061.91 crores in 2024)
• Profit After Tax (PAT): ₹106.68 crores (up from ₹12.82 crores in 2024)
• Return on Equity (ROE): 50.94%
• Return on Capital Employed (ROCE): 41.57%
• EBITDA Margin: 9.68%
• PAT Margin: 6.54%
• Debt to Equity Ratio: 0.80
• Basic EPS: ₹9.09
• Net Asset Value (NAV): ₹17.82

Established in 2005, Shankesh Jewellers manufactures handcrafted 22-karat and 18-karat gold jewellery. Their client base includes major names like Joyalukkas India Limited and Kalyan Jewellers India Limited across India.

IPO Timeline & Reservation

• IPO Opening Date: August 18, 2026
• IPO Closing Date: August 20, 2026
• Allotment Finalization: August 21, 2026
• Listing Date (BSE and NSE): August 25, 2026
• QIB Reservation: 50%
• Non-Institutional Investors (NII) Reservation: 15%
• Retail Investors Reservation: 35%

The company’s promoters are Kantilal Kheemraj Jain, Mahavir Kantilal Jain, and Manoj Kantilal Jain. Aryaman Financial Services Ltd. and Smart Horizon Capital Advisors Pvt. Ltd. are the lead managers for the issue, with Kfin Technologies Ltd. serving as the registrar.