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Latest GMP
- Lead Manager
- Aryaman Financial Services Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 18th Aug 2026
- IPO Close Date
- 20th Aug 2026
- Allotment date
- 21st Aug 2026
- Listing date
- 25th Aug 2026
- Issue Size
- ₹ 367 Cr.
- Issue Price Band
- ₹ 88 to 93
- Lot Size
- 160 Share
- Minimum Investment
- ₹ 14880
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Shankesh Jewellers Limited
Incorporated in 2005, Shankesh Jewellers Limited is engaged in the manufacturing and provision of 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.
Business Model
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.
Product Portfolio
The product portfolio is classified into two segments:
- Sales of handcrafted jewellery (22k and 18k)
- Custom job work services (client-supplied bullion and design execution)
Clientele & Distribution
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
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.
Workforce
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.
Competitive 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 14-08-2026 | ₹93 | ₹8 | ₹101 ( 8.60% ) | ₹1,280.00 | 14-Aug-2026 11:03 AM |
| 13-08-2026 | ₹93 | ₹7 | ₹100 ( 7.53% ) | ₹1,120.00 | 13-Aug-2026 10:29 AM |
Financials of Shankesh Jewellers Limited
A quick overview of the key financial performance of Shankesh Jewellers Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 16%, Profit after Tax (PAT) increased by 165%, Total Assets increased by 62% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 1,403.94 | 1,403.94 | 1,630.93 |
| Assets | 177.07 | 249.56 | 403.76 |
| Total Income | 1,061.91 | 1,403.94 | 1,630.93 |
| Profit After Tax | 12.82 | 40.31 | 106.68 |
| EBITDA | 28.60 | 65.35 | 157.90 |
| Net Worth | 60.29 | 100.60 | 209.43 |
| Reserves & Surplus | 57.50 | 90.83 | 150.65 |
| Total Borrowings | 108.58 | 144.84 | 167.30 |
IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
160
₹ 14,880
Retail (Max)
13
2,080
₹ 1,93,440
S-HNI (Min)
14
2,240
₹ 2,08,320
S-HNI (Max)
67
10,720
₹ 9,96,960
B-HNI (Min)
68
10,880
₹ 10,11,840
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹ 14,880 |
| Retail (Max) | 13 | 2,080 | ₹ 1,93,440 |
| S-HNI (Min) | 14 | 2,240 | ₹ 2,08,320 |
| S-HNI (Max) | 67 | 10,720 | ₹ 9,96,960 |
| B-HNI (Min) | 68 | 10,880 | ₹ 10,11,840 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 50.94 |
| ROCE (%) | 41.57 |
| Debt / Equity | 0.8 |
| RoNW (%) | 50.94 |
| PAT Margin (%) | 6.54 |
| EBITDA Margin (%) | 9.68 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
9.09
7.26
|
| P/E (x) |
10.24
12.81
|
| Promoter Holding (%) |
74.25
-
|
| Market Cap | 1093 |
IPO Lead Manager(s)
Lead Manager Details
- Aryaman Financial Services Limited
- Contact Person: Vatsal Ganatra
- SEBI Registration Number: INM000011344
- Investor Grievance Email: feedback@afsl.co.in
- Website: https://www.afsl.co.in
- Email: ipo@afsl.co.in
- Phone: +91 22 6216 6999
- Address: 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai - 400 001, Maharashtra, India
Lead Manager Details
- Smart Horizon Capital Advisors Private Limited
- Contact Person: Parth Shah
- SEBI Registration Number: INM000013183
- Investor Grievance Email: investor@shcapl.com
- Website: https://www.shcapl.com
- Email: director@shcapl.com
- Phone: 022-28706822
- Address: B/908, Western Edge II, Kanakia Space, Behind Metro Mall, Off Western Express Highway, Magathane, Borivali East, Mumbai - 400066, Maharashtra, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- Phone
- 040-67162222/18003094001
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium, Tower B, Plot No. 31 and 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Shankesh Jewellers Limited
- cs@shankeshjewellers.com
- Phone
- +91 2223470008/9
- Contact Person
- Shweta Dattatray Ravankar
- Corporate Identity Number
- U36910MH2005PLC154679
- Address
- Office No. 12, 3rd Floor, 101 Mumbadevi Diamond Premises Co-Op, Society Ltd., Zaveri Bazar, Mumbai, Maharashtra, India, 400002
- Website
- www.shankeshjewellers.com
Shankesh Jewellers Limited FAQs
