Shankesh Jewellers IPO: Rs 370 Cr Opening Aug 18

Shankesh Jewellers is set to launch its Initial Public Offering (IPO) on August 18, 2026, targeting a raise of approximately Rs 370 crore from public investors. The subscription period will run until August 20.

Funding Allocation

A significant portion of the capital, Rs 158 crore, is earmarked for repaying existing loans. The company also plans to allocate Rs 38 crore towards meeting its working capital requirements.

• Rs 158 crore: Designated for existing loan repayment.
• Rs 162.94 crore: Total outstanding loans as of June 2026.
• Rs 38 crore: Allocated for working capital needs.

Financial Performance Snapshot

The company reported a profit of Rs 106.7 crore for the fiscal year ending March 2026. This represents a substantial 164.6 percent increase from the previous year’s Rs 40.3 crore.

• Rs 106.7 crore: Profit for FY26.
• 164.6%: Profit increase from prior year.
• Rs 1,630.8 crore: Revenue from operations in FY26.
• Rs 1,403.8 crore: Revenue from operations in prior fiscal year.

IPO Structure and Timeline

The IPO includes 3.94 crore equity shares, split between a fresh issue and an offer-for-sale. Promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain are offering 1 crore shares.

• 3.94 crore: Total equity shares in IPO.
• 2.94 crore: Fresh issue shares.
• 1 crore: Shares offered for sale by promoters.

Investor allocation is set with 50 percent for qualified institutional buyers, 35 percent for retail investors, and 15 percent for non-institutional investors. The anchor book opens on August 17, with listing expected by August 25.

Operational Model and Risks

Shankesh Jewellers operates an asset-light model, relying on third-party job workers for its handcrafted gold jewellery production. This model introduces risks related to potential disruptions from external workers.

The company also faces exposure to global gold price fluctuations and intense competition within the jewellery market.