Shankesh Jewellers Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹88 - ₹93
- Lot size
- 160 shares
- Issue amount
- ₹367.18 cr
- Total subscription
- 2.06×
- Opens
- 18 Aug 2026
- Closes
- 20 Aug 2026
- Allotment
- 21 Aug 2026
- Listing
- 25 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 3,94,82,000 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,080
- Fresh issue
- ₹274.18 cr
- Offer for sale
- ₹93 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,880
- Issue type
- Bookbuilding IPO
- Shares before issue
- 11,75,49,420
- Shares after issue
- 14,70,31,420
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 160 | ₹14,880 |
| sHNI | 14 | 2,240 | ₹2,08,320 |
| bHNI | 68 | 10,880 | ₹10,11,840 |
Share reservation
Subscription & GMP
Subscription by category
Reported 20 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 86,367 | 1,61,282 |
| HNIs(10L +) | 1,763 | 1,636 |
| HNIs (2-10L) | 881 | 5,496 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 166.44 | 96.65 |
| FIIs | 0 | 51.76 |
| FIs | 0 | 2.07 |
| Mutual Funds | 0 | 0.02 |
| Others | 0 | 42.81 |
| RETAIL | 128.51 | 310.89 |
| NIB | 55.08 | 312.64 |
| HNIs 2+ | 18.36 | 118.55 |
| HNIs 10+ | 36.72 | 194.08 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 9.09 | 3.44 | 1.09 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 50.94 | 40.07 | 21.26 |
| PRE IPO(PE) | 10.24 | 0 | 0 |
| POST IPO(PE) | 12.81 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Shankesh Jewellers Limited | 10.24 | 93.00 | 5 | 17.82 | 50.97 | 9.09 |
| Shanti Gold International Limited | 10.04 | 213.15 | 10 | 83 | 23.42 | 21.22 |
| Sky Gold & Diamonds Limited | 34.86 | 629.9 | 10 | 77.8 | 23.37 | 18.07 |
Company information
Company profile
Incorporated in 2005, Shankesh Jewellers Limited is engaged in manufacturing and supplying customised handcrafted gold jewellery, mainly in 22-karat and 18-karat, offering a wide range of products like bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, and rings across various styles such as antique, temple, gheru polish, and different gold finishes. The company distributes its products across India to both corporate and retail clients, including well-known jewellery brands, and follows an asset-light model by working with skilled karigars and job workers while managing design, sourcing, and delivery internally. It also provides job work services where customers supply bullion and designs, and all products are BIS-hallmarked, with the business built on long-standing industry relationships and a strong focus on craftsmanship and customised offerings.
Strengths
- Strong Historical Financial Performance: The company has shown consistent financial performance over the years, reflecting its established position in the jewellery industry.
- Long-Term Job Worker Relationships: The company has built strong relationships with local job workers who support the production of customized handcrafted gold jewellery.
- Asset-Light Business Model: The company operates with limited manufacturing infrastructure, helping maintain operational flexibility and use resources efficiently.
Risk factors
- Dependence on Jewellery Demand: The company's business depends on consumer demand for jewellery. Any decline in jewellery consumption could impact revenue, cash flows, and profitability.
- Discretionary Spending Risk: Jewellery is generally considered a discretionary purchase. Lower consumer spending or economic slowdowns could reduce demand and affect business performance.
- Geographical Concentration Risk: A significant share of revenue comes from Tamil Nadu, Maharashtra, Uttar Pradesh, Bihar, and Odisha. Any adverse economic or market conditions in these states could impact the company's financial performance.
Promoters
Kantilal Kheemraj Jain
Mahavir Kantilal Jain
Manoj Kantilal Jain
Registrar & documents
Lead manager
Aryaman Financial Services Limited, Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. 12, 3rd Floor, 101 Mumbadevi Diamond Premises Co- Op, Society Ltd Zaveri Bazar Mumbai, Maharashtra, 400002
+91 22234700089
[email protected]Company website ↗Understanding SHANKESH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.