Shankesh Jewellers IPO: ₹367 Cr Issue Opens Aug 18, Lists Aug 25
By Business Desk
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 IPO 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 Issue Size: ₹367.18 crore
- Fresh Issue Component: ₹274.18 crore
- Offer for Sale Component: ₹93 crore
- Price Band: ₹88 to ₹93 per share
- Minimum Application Lot Size: 160 shares
- Subscription Period: August 18, 2026, to August 20, 2026
- Expected Listing Date: August 25, 2026 (on NSE and BSE)
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 Profit After Tax (PAT) of ₹106.68 crore. The company has maintained a 3-year Compound Annual Growth Rate (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.