Shankesh Jewellers Limited
IPO Details
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₹2.75(2.96%)
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Shankesh Jewellers Limited's successfully completed its Initial Public Offering and commenced trading on Aug 25, 2026 at the NSE, BSE exchange. The company raised 3,94,82,000 Shares through this public offering, comprising 2,94,82,000 Shares in fresh capital and ₹93.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹88 to ₹93, with minimum application lots of 160 shares. The offering attracted significant investor interest during its subscription period from Aug 18, 2026 to Aug 20, 2026.
Share allotment was finalized on Aug 21, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- 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.
- 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.
- Kantilal Kheemraj Jain
- Mahavir Kantilal Jain
- Manoj Kantilal Jain
Shankesh Jewellers Limited
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