Shankesh Jewellers IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Retail)
₹14,880
1 lot · 160 shares at the upper price band
Price band
₹93
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹367.18 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹93
- Issue size
- ₹367.18 Cr
- Lot size
- 160
- Opens
- 18 Aug 2026
- Closes
- 20 Aug 2026
- Allotment
- 21 Aug 2026
- Listing
- 25 Aug 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹14,880 (1 lot · 160 shares)
- Face value
- ₹5 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Fresh issue
- ₹274 Cr
- Offer for sale
- ₹93 Cr
- Listing at
- BSE, NSE
- Refunds
- 24 Aug 2026
- Shares credited
- 24 Aug 2026
- Promoter holding
- 95.48% before · 69.53% after
- Lead managers
- Aryaman Financial Services Ltd., Smart Horizon Capital Advisors Pvt.Ltd.
Offer documents & links
Subscription by category
As of 20 Aug 2026, 1:24 pm.
Total subscription
1.96x
Full issue details
Details as published for this issue, read 11 Sept 2026, 4:57 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 18 to 20 Aug, 2026 |
|---|---|
| Listed on | Tue, Aug 25, 2026 |
| Face Value | ₹ 5 per share |
| Price Band | ₹88 to ₹93 |
| Issue Price | ₹93 per share |
| Lot Size | 160 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,94,82,000 shares (agg. up to ₹ 367 Cr) |
|---|---|
| Fresh Issue | 2,94,82,000 shares (agg. up to ₹ 274 Cr) |
| Offer for Sale | 1,00,00,000 shares of ₹ 5 (agg. up to ₹ 93 Cr) |
| Share Holding Pre Issue | 11,75,49,420 shares |
| Share Holding Post Issue | 14,70,31,420 shares |
| BSE Script Code / NSE Symbol | 544882 / SHANKESH |
| ISIN | INE1WFC01025 |
IPO Timetable
- IPO Open
- Tue, Aug 18, 2026
- IPO Close
- Thu, Aug 20, 2026
- Allotment
- Fri, Aug 21, 2026
- Refund
- Mon, Aug 24, 2026
- Credit of Shares
- Mon, Aug 24, 2026
- Listing
- Tue, Aug 25, 2026
Issue Reservation
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 1,97,41,000 | 50.00% | NA |
| − Anchor Investor | 1,18,44,600 | 30.00% | NA |
| − QIB (Ex. Anchor) | 78,96,400 | 20.00% | NA |
| NII (HNI) | 59,22,300 | 15.00% | NA |
| − bNII > ₹10L | 39,48,200 | 10.00% | 1,762 |
| − sNII < ₹10L | 19,74,100 | 5.00% | 881 |
| Retail | 1,38,18,700 | 35.00% | 86,366 |
| Total | 3,94,82,000 | 100.00% | — |
Shankesh Jewellers IPO comprises a total issue size of 3,94,82,000 shares. Out of which, 1,97,41,000 (50.00%) are allocated to QIB , 59,22,300 (15.00%) allocated to NII 1,38,18,700 (35.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹14,880 |
| Retail (Max) | 13 | 2080 | ₹1,93,440 |
| S-HNI (Min) | 14 | 2240 | ₹2,08,320 |
| S-HNI (Max) | 67 | 10720 | ₹9,96,960 |
| B-HNI (Min) | 68 | 10880 | ₹10,11,840 |
Investors can bid for a minimum of 160 shares and in multiples thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Mon, Aug 17, 2026 |
|---|---|
| Shares Offered | 1,18,44,600 |
| Anchor Portion (₹ Cr.) | 110.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Sep 19, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Nov 18, 2026 |
Shankesh Jewellers IPO raises ₹ 110.15 crore from anchor investors . Shankesh Jewellers IPO Anchor bid date is August 17, 2026 .
IPO Anchor Investors List
About Shankesh Jewellers Ltd.
Incorporated in 2005, Shankesh Jewellers Limited is engaged in the business of manufacturing and providing customised handcrafted gold jewellery. The company specialises in 22-karat and 18-karat gold jewellery, offering a wide product portfolio including bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and combined sets across categories such as antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewellery.
The company distributes products PAN-India to both corporate and non-corporate clients. Its clientele includes reputed jewellers such as Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), Manoj Vaibhav Gems 'N' Jewellers Limited, and other established jewellery houses.
Shankesh Jewellers follows an asset-light model by engaging skilled local karigars and jobworkers for production while managing design, material sourcing, and delivery in-house. In addition to product sales, it offers job work services where clients provide bullion and specific design requirements. All jewellery is BIS-hallmarked as per regulatory guidelines.
Its product portfolio is classified into two segments:
Sales of handcrafted jewellery (22k and 18k)
Custom job work services (client-supplied bullion and design execution)
With a legacy of over three decades in the handmade jewellery market, the company has built strong relationships with leading jewellery brands by consistently delivering design excellence, craftsmanship, and customised solutions.
As of May 31, 2026, the Company had 46 permanent employees on its payroll, comprising Executive Directors and KMP, Accounts and Finance, Administration, Sales and Marketing, Designing and Client Servicing, and Quality functions. The Company was also associated with 72 jobworkers.
Strengths :
Strong historical financial performance.
Long-term relationships with local jobworkers for handcrafted gold jewellery manufacturing.
Asset-light business model.
Wide product range in handcrafted gold jewellery.
Strong focus on quality and customer satisfaction.
Established relationships with corporate and non-corporate jewellery clients.
Experienced promoters and management team with proven execution capabilities.
Established marketing setup.
Company Financials (Restated Standalone)
| 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 |
Shankesh Jewellers Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 165% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Gems, Jewellery And Watches
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Lalithaa Jewellery Mart Ltd. | Mainboard | ₹1,700.00 Cr | ₹201 | 9.95 | ₹248.44 | +23.60% | ₹337.60 |
| Advit Jewels Ltd. | Mainboard | ₹165.16 Cr | ₹138 | 18.41 | ₹179.46 | +30.04% | ₹267.51 |
| PNGS Reva Diamond Jewellery Ltd. | Mainboard | ₹379.52 Cr | ₹386 | 10.96 | ₹411.70 | +6.66% | ₹504.70 |
| Shringar House of Mangalsutra Ltd. | Mainboard | ₹400.92 Cr | ₹165 | 19.47 | ₹184.88 | +12.05% | ₹216.79 |
| SMR Jewels Ltd. | SME | ₹63.74 Cr | ₹128 | 18.01 | ₹103.05 | -19.49% | ₹98.00 |
| Yaashvi Jewellers Ltd. | SME | ₹43.88 Cr | ₹83 | 5.6 | ₹87.05 | +4.88% | ₹80.95 |
| Grover Jewells Ltd. | SME | ₹33.83 Cr | ₹88 | 12.31 | ₹100.80 | +14.55% | ₹260.00 |
| Luxury Time Ltd. | SME | ₹18.74 Cr | ₹82 | 12.57 | ₹163.59 | +99.50% | ₹64.00 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings | 158.00 |
| 2 | Funding working capital requirements of the Company | 38.00 |
| 3 | General Corporate Purposes | 54.94 |
| 4 | Issue Expenses | 31.10 |
| Total | 282.05 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 50.94% | 40.08% |
| ROCE | 41.57% | 26.28% |
| Debt/Equity | 0.80 | 1.44 |
| RoNW | 50.94% | 40.07% |
| PAT Margin | 6.54% | 2.87% |
| EBITDA Margin | 9.68% | 4.65% |
| NAV | 17.82 | 8.58 |
| Price to Book Value | — | 10.84 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.08 | 7.26 |
| P/E (x) | 10.24 | 12.81 |
| Market Cap at Offer Price | ₹1,093Cr. | ₹1,394.15 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 95.48% | 69.53% |
| Public | 4.52% | 30.47% |
| Total | 100% | 100% |
Company Promoters: Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain.
Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Kantilal Kheemraj Jain | Promoter | 48,00,000 | 44.64 |
| Manoj Kantilal Jain | Promoter | 52,00,000 | 48.36 |
| Total | — | 1,00,00,000 | 93.00 |
Shankesh Jewellers IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 2 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 1.32 | 78,97,000 | 1,03,92,160 |
| NII | 5.68 | 59,22,300 | 3,36,16,960 |
| bNII (> ₹10L) | 5.29 | 39,48,200 | 2,08,69,120 |
| sNII (< ₹10L) | 6.46 | 19,74,100 | 1,27,47,840 |
| Retail | 2.42 | 1,38,18,700 | 3,34,29,120 |
| Total | 2.80 | 2,76,38,000 | 7,74,38,240 |
The Shankesh Jewellers IPO is subscribed 2.80 times on August 20, 2026 6:54:37 PM (Day 3). The public issue subscribed 2.42 times in the retail category, 1.32 times in the QIB category, and 5.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 1,68,266
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission, as applicable | 11.02 |
| 2 | Commission/processing fee for SCSBs, Banker(s) to the Offer and fee payable to the Sponsor Bank for Bids made by RIIs and Eligible Employees. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.29 |
| 3 | Fees payable to Registrar to the Offer | 0.00 |
| 4 | Fees payable to other advisors to the Offer (including statutory auditors, industry expert and independent chartered accountant | 0.36 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 1.34 |
| 6 | Printing and distribution of stationery | 0.50 |
| 7 | Fees payable to legal counsel | 0.70 |
| 8 | Advertising and marketing expenses | 15.85 |
| 9 | Miscellaneous | 0.05 |
| Total | 31.10 |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹ 93.00 | ₹ 93.00 |
| Open | ₹ 102.20 | ₹ 103.30 |
| Low | ₹ 94.00 | ₹ 94.00 |
| High | ₹ 110.99 | ₹ 111.00 |
| Last Trade | ₹ 95.03 | ₹ 94.82 |
Check IPO Performance…
IPO Registrar
Kfin Technologies Ltd.
040-79615565
shankesh.ipo@kfintech.com
IPO Lead Manager(s)
Aryaman Financial Services Ltd.
Smart Horizon Capital Advisors Pvt.Ltd.
Contact Details
Shankesh Jewellers Ltd. Address
Office No. 12, 3rd Floor,
101 Mumbadevi Diamond Premises Co- Op, Society Ltd
Zaveri Bazar
Mumbai, Maharashtra , 400002
+91 22234700089
cs@shankeshjewellers.com
Shankesh Jewellers IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Indian Jeweller (IJ) – Shankesh Jewellers Shares List at 11% Premium
Indian Jeweller · 29 Aug 2026
Shankesh Jewellers IPO - Check Allotment Status, Listing Date, Listing Price
Groww · 25 Aug 2026
Shankesh Jewellers shares list at 11% premium over IPO price on NSE; should you buy, sell or hold?
Moneycontrol.com · 25 Aug 2026
Shankesh Jewellers IPO Listing Date, Time: Latest GMP Signals Modest Listing Gain Of 2%
NDTV Profit · 25 Aug 2026
Shankesh Jewellers shares list at 11% premium over IPO price on NSE
economictimes.com · 25 Aug 2026
Shankesh Jewellers Share Price: Stock Expected To List At Rs 95.75, GMP Signals 2.96% Gain
NDTV Profit · 25 Aug 2026
Shankesh Jewellers IPO Listing: Shares debut at 11% premium despite muted GMP
cnbctv18.com · 25 Aug 2026
