Shankesh Jewellers IPO: ₹367 Cr Issue Opens Aug 18, Lists Aug 25
Indian gold jewelry on display in a showroom
Key Highlights
Shankesh Jewellers IPO launches August 18-20, 2026, at ₹367.18 crore. Shares to list on NSE & BSE on August 25. Explore details and price band.
Shankesh Jewellers Limited is launching an worth ₹367.18 crore from August 18-20, 2026. This offering includes both a fresh issue and an offer for sale, with shares set for listing on August 25, 2026.
Key IPO Details
- Total : ₹367.18 crore
- Component: ₹274.18 crore
- Component: ₹93 crore
- : ₹88 to ₹93 per share
- Minimum Application : 160 shares
- Period: August 18, 2026, to August 20, 2026
- Expected : August 25, 2026 (on and )
Established in July 2005, Shankesh Jewellers operates an asset-light model, specializing in hand-crafted gold jewellery. The company outsources manufacturing while rigorously controlling design, material procurement, and quality assurance.
Their product line features BIS hallmarked 22-carat and 18-carat gold jewellery, spanning antique, semi-antique, Calcutta, temple, and bridal collections. They cater to a broad clientele, including corporate entities such as Joyalukkas India Limited, P.N. Gadgil & Sons Limited, and Kalyan Jewellers India Limited, alongside non-corporate customers.
Financials & Operational Insights
For the fiscal year ending March 2026 (FY26), Shankesh Jewellers reported a revenue of ₹1,630.78 crore and a (PAT) of ₹106.68 crore. The company has maintained a 3-year (CAGR) of 23.93%, which surpasses the sector average.
- Strong relationships with job workers
- Efficient asset-light operational model
- Comprehensive product offering
- Well-established client relationships
- Stringent quality control measures
Challenges include concentration risks from top customers and specific geographical regions, along with reliance on third-party job workers. The business is also exposed to gold price volatility and is inherently working capital-intensive.
Funds raised from the IPO are earmarked for debt repayment, general corporate purposes, and fulfilling working capital requirements. The company is positioned to capitalize on growing demand for certified and hallmarked jewellery in India.