Shankesh Jewellers IPO
IPO Listing Details
- Listing Date
25 Aug 2026
- Listing Price
₹102.20
- Listing Change
9.89%
- Last Traded Price
₹98.54
Shankesh Jewellers IPO Details
-
Open Date
18 Aug 2026
-
Close Date
20 Aug 2026
- IPO Price Range
₹ 88 to ₹93
- IPO Size
₹ 367.18 Cr
Shankesh Jewellers IPO Timeline
Shankesh Jewellers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 18-Aug-2026 | 0.03 | 0.38 | 0.53 | 0.36 |
| 19-Aug-2026 | 0.76 | 0.76 | 1.13 | 0.94 |
| 20-Aug-2026 | 1.32 | 5.68 | 2.42 | 2.80 |
Last Updated: 20 August 2026 5:27 PM by 5paisa
Shankesh Jewellers Limited manufactures customised handcrafted gold jewellery in 22-karat and 18-karat variants, offering bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings and combination sets across diverse designs. The company supplies PAN-India to leading corporate and non-corporate jewellers, including Joyalukkas, P. N. Gadgil, Kalyan Jewellers and Aditya Birla Group entities. Operating an asset-light model, it outsources production to karigars while managing design, sourcing, delivery, job work and BIS hallmarking.
Established in: 2005
Managing Director: Manoj Kantilal Jain
Peers:
| Metric | Shankesh Jewellers Limited | Shanti Gold International Limited | Sky Gold & Diamonds Limited |
|---|---|---|---|
| Face Value | 5 | 10 | 10 |
| Closing Price on July 15, 2026 (₹) | - | 213.15 | 629.90 |
| Revenue, for Fiscal 2026 | 16307.09 | 2018.71 | 6294.89 |
| EPS Basic | 9.09 | 21.22 | 18.07 |
| EPS Diluted | 9.09 | 21.22 | 18.06 |
| NAV | 17.82 | 83.00 | 77.80 |
| P/E | - | 10.04 | 34.86 |
| RONW (%) | 50.97 | 23.42 | 23.37 |
Shankesh Jewellers Objectives
1. Repayment/pre-payment, in full or part, of certain borrowings
2. Funding working capital requirements
3. General Corporate Purposes
Shankesh Jewellers IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹367.18 Cr |
| Offer For Sale | ₹93 Cr |
| Fresh Issue | ₹274.18 Cr |
Shankesh Jewellers IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 160 | 14,080 |
| Retail (Max) | 13 | 2,080 | 1,93,440 |
| S - HNI (Min) | 14 | 2,240 | 1,94,880 |
| S - HNI (Max) | 67 | 10,720 | 9,96,960 |
| B - HNI (Min) | 68 | 10,880 | 9,46,560 |
Shankesh Jewellers IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.32 | 78,97,000 | 1,03,92,160 | 96.647 |
| Non-Institutional Buyers | 5.68 | 59,22,300 | 3,36,16,960 | 312.638 |
| bNII | 5.29 | 39,48,200 | 2,08,69,120 | 194.083 |
| sNII | 6.46 | 19,74,100 | 1,27,47,840 | 118.555 |
| Individual Investors (IND category bidding for 2 Lots) | 2.42 | 1,38,18,700 | 3,34,28,640 | 310.886 |
| Total** | 2.80 | 2,76,38,000 | 7,74,37,760 | 720.171 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 1061.78 | 1403.83 | 1630.79 |
| EBITDA | 28.60 | 65.35 | 157.90 |
| PAT | 12.82 | 40.31 | 106.68 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 177.07 | 249.56 | 403.76 |
| Share Capital | 2.79 | 9.77 | 58.78 |
| Total Liabilities | 116.78 | 149.03 | 194.33 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 1.47 | -23.11 | 0.33 |
| Net Cash Generated From / (used in) Investing Activities | -1.01 | -2.90 | -12.70 |
| Net Cash Generated From / (used in) Financing Activities | -0.49 | 25.85 | 12.37 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.03 | -0.15 | 0.04 |
Strengths
1. Strong adherence to jewellery regulations and hallmarking standards
2. Advanced manufacturing capabilities enable consistent product quality
3. Scalable production infrastructure supports growing market demand
4. Established industry presence improves access to capital
Weaknesses
1. High working capital requirements strain operating cash flows
2. Gold price fluctuations impact margins and profitability
3. Stringent compliance requirements increase overall operating expenses
4. Dependence on major customers creates concentration risk
Opportunities
1. Organised jewellery retail expansion creates growth opportunities
2. Rising demand for certified jewellery supports sales
3. Lightweight jewellery preferences expand younger customer segments
4. Growing export markets offer significant revenue potential
Threats
1. Persistently high gold prices may weaken demand
2. Intense price competition pressures margins across industry
3. Global demand volatility can disrupt export performance
4. Regulatory changes may raise compliance and operating costs
1. Established relationships with leading jewellery retail brands
2. Asset-light manufacturing model supports scalable business expansion
3. Diversified handcrafted portfolio addresses evolving customer preferences
4. PAN-India distribution strengthens reach across organised jewellers
India’s organised jewellery market is benefiting from rising formalisation, mandatory hallmarking, growing brand preference, wedding and festive demand, and increasing penetration beyond major cities. Shankesh Jewellers is positioned within this expanding ecosystem through its customised handcrafted portfolio, PAN-India distribution, established jeweller relationships, and asset-light production model. Demand for certified, design-led and lightweight jewellery, alongside organised retail expansion, provides the company with a supportive platform for sustainable long-term business growth opportunities.
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FAQs
Shankesh Jewellers opens from August 18, 2026 to August 20, 2026.
The size of Shankesh Jewellers is ₹367.18 Cr.
The price band of Shankesh Jewellers IPO is fixed at ₹88 to ₹93.
Once the Shankesh Jewellers IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Shankesh Jewellers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Shankesh Jewellers IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Shankesh Jewellers is of 160 shares and the investment required is ₹14,080.
The share allotment date of Shankesh Jewellers IPO is August 21, 2026
The Shankesh Jewellers IPO will likely be listed on August 25, 2026.
Aryaman Financial Services Ltd is the book running lead managers for Shankesh Jewellers IPO.
1. Repayment/pre-payment, in full or part, of certain borrowings
2. Funding working capital requirements
3. General Corporate Purposes