Shankesh Jewellers IPO
Shankesh Jewellers IPO
Overview
Shankesh Jewellers IPO is a book build issue of ₹367.18 crores. The issue is a combination of fresh issue of 2.95 crore shares aggregating to ₹274.18 crores and offer for sale of 1.00 crore shares aggregating to ₹93.00 crores. Shankesh Jewellers IPO opens for subscription on Aug 18, 2026 and closes on Aug 20, 2026. The allotment for the Shankesh Jewellers IPO is expected to be finalized on Aug 21, 2026. Shankesh Jewellers IPO will list on NSE and BSE with a tentative listing date fixed as Aug 25, 2026. Shankesh Jewellers IPO is set issue price band at ₹88 to ₹93 per share. The lot size for an application is 160 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,880 (160 shares) (based on upper price). Aryaman Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Total Shares
3,94,82,000
Issue Size
₹367 Cr
Price Band
₹88 – ₹93
Lot Size
0 shares
Min. Investment
₹14,880
Max. Investment
₹1,93,440
Open Date
18 Aug, 2026
Close Date
20 Aug, 2026
Allotment
21 Aug, 2026
Listing
25 Aug, 2026
Max. Investment
₹1,93,440
Announced
18 Aug, 2026
Opening Date
18 Aug, 2026
Closing Date
20 Aug, 2026
Basis of Allotment
21 Aug, 2026
Initiation of Refunds
24 Aug, 2026
Credit of Shares
24 Aug, 2026
Listing Date
25 Aug, 2026
Live GMP
Est. Listing: ₹98
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About Shankesh Jewellers IPO
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 distr
Shankesh Jewellers IPO Share Price
Issue Breakdown
Shareholding
Dilution: 25.1% increase in shares
Shankesh Jewellers IPO Financial Health
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.
Shankesh Jewellers IPO Lot Size
Investors can bid for a minimum of 160 shares and in multiples thereof.
| 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 |
(All values in CR)
Shankesh Jewellers IPO Valuations
| Metric | Value |
|---|---|
| ROE | 50.94 |
| ROCE | 41.57 |
| Debt/Equity | 0.80 |
| RoNW | 50.94 |
| PAT Margin | 6.54 |
| EBITDA Margin | 9.68 |
| NAV | 17.82 |
| Price to Book Value | - |
(All values in CR)
Shankesh Jewellers IPO Strength & Risk
Shankesh Jewellers IPO: Strength
- Experienced Promoters: The promoters have more than three decades of experience in the gold jewellery industry, supporting business execution and customer relationships.
- Established Client Base: The company has long-standing relationships with reputed jewellery retailers across India, including several organised jewellery players.
- Asset-Light Model: Its manufacturing model relies on an established network of job workers, helping the company maintain flexibility while limiting heavy manufacturing infrastructure investment.
- Wide Product Portfolio: The company offers handcrafted jewellery across bridal, antique and regional designs, allowing it to serve different customer requirements.
- Pan-India Reach: The company has developed a sales network covering multiple states and union territories, providing opportunities to diversify its market presence.
- Healthy Financial Profile: CRISIL has highlighted improving net worth, moderate debt and comfortable debt-protection metrics as key financial strengths.
Shankesh Jewellers IPO: Risk
- Gold Price Volatility: Sharp movements in gold prices can affect jewellery demand, inventory values and operating performance.
- High Competition: The jewellery industry is highly competitive, which can limit pricing power and put pressure on margins.
- Customer Concentration: Dependence on a limited number of major jewellery customers creates a risk if key clients reduce or discontinue their business.
- Job Worker Dependence: Reliance on third-party job workers for manufacturing could create operational and quality-control risks.
- Large Working Capital Cycle: Higher inventory requirements and working-capital needs can increase dependence on bank facilities and affect liquidity.
Shankesh Jewellers IPO GMP
Shankesh Jewellers IPO last GMP is ₹5, last updated Aug 17th 2026 10:01 AM. With the upper price band of ₹93.00, Shankesh Jewellers IPO's estimated listing price is ₹98 (cap price + today's GMP). The expected percentage gain/loss per share is 5.38%. >> Shankesh Jewellers IPO Retail Subject to Sauda: ₹600 >> Shankesh Jewellers IPO Small HNI Subject to Sauda: ₹8400 During this period, the GMP ranged from a low of ₹0.00 to a high of ₹8.00.
Last updated 17 Aug, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 17 Aug, 2026 | 93 | ₹5 | - | ₹98 (5.38%) | 800 | 17 Aug, 2026 |
| 16 Aug, 2026 | 93 | ₹5▼ | - | ₹98 (5.38%) | 800 | 16 Aug, 2026 |
| 15 Aug, 2026 | 93 | ₹6 | - | ₹99 (6.45%) | 960 | 15 Aug, 2026 |
| 14 Aug, 2026 | 93 | ₹6▼ | - | ₹99 (6.45%) | 960 | 14 Aug, 2026 |
| 13 Aug, 2026 | 93 | ₹8▲ | - | ₹101 (8.60%) | 1280 | 13 Aug, 2026 |
| 12 Aug, 2026 | 93 | ₹7▲ | - | ₹100 (7.53%) | 1120 | 12 Aug, 2026 |
| 11 Aug, 2026 | 93 | ₹0 | - | ₹93 (0.00%) | - | 11 Aug, 2026 |
| 10 Aug, 2026 | 0 | ₹0 | - | ₹ (%) | - | 10 Aug, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Shankesh Jewellers IPO
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Go to IPO Section
Find Shankesh Jewellers IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.