Shankesh Jewellers Limited
Closed18–20 Aug 2026
Updated 2026-08-27 (IST)
What Shankesh Jewellers Limited does
Shankesh Jewellers Limited is a B2B hand-crafted gold jewellery company based in Mumbai's Zaveri Bazaar with a pan-India presence. The company specializes in hand-crafted gold jewellery, offering bangles, bridal sets, chokers, jhumkas, rings, mangalsutras, and more across diverse categories and finishes, operating on an asset-light model by outsourcing manufacturing to third-party job workers.
Shankesh Jewellers Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| FY 2024 | FY 2025 | FY 2026 | ||
|---|---|---|---|---|
| Sales | 1,062 | 1,404 | 1,631 | |
| Operating Profit | 29 | 65 | 158 | |
| OPM % | 2.7% | 4.7% | 9.7% | |
| Net Profit | 13 | 40 | 107 | |
| Total Debt | 109 | 145 | 167 |
Shankesh Jewellers Limited IPO offer structure
Total: ₹367 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
The document states these as share counts against a blank amount, because the price band is announced separately. Converted here at the cap of ₹93, with each count cited to its page.
Use of proceeds- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company: ₹158 cr
- Funding working capital requirements of our Company: ₹38 cr
- General Corporate Purposes
Shankesh Jewellers Limited promoters and holding
- KANTILAL KHEEMRAJ JAIN: Chairman and Non-Executive Director
- MAHAVIR KANTILAL JAIN: Whole Time Director
- MANOJ KANTILAL JAIN: Managing Director
Shankesh Jewellers Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Strong historical financial results. (p.206)
- Long Term Relation with local Jobworkers for handling custom hand-crafted gold jewellery making process. (p.206)
- Asset-Light business model. (p.207)
- Wide product range in hand crafted gold jewellery. (p.207)
- Commitment to Quality and Customer Satisfaction. (p.207)
- Our business and the demand for our product is reliant on the success of our customers’ products with end consumers. (p.25)
- Jewellery purchases are discretionary and often perceived as luxury purchases, which may be affected by consumer spending. (p.25)
- A significant portion of our business operations and revenue generation is concentrated in the Top 5 states. (p.25)
- We operate in a high-value commodity sector and there are certain security risks associated with the transit and delivery of gold jewellery. (p.25)
- We are dependent on third party Jobworkers for the production and manufacturing of all of our products. (p.25)
Shankesh Jewellers Limited peer comparison: DRHP median P/E 22.4x
DRHP data only| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Shanti Gold International Limited | — | 10.0x | — | — | DRHP |
| Sky Gold & Diamonds Limited | — | 34.9x | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Shankesh Jewellers Limited market and competition
Shankesh Jewellers is a B2B company based in Mumbai’s Zaveri Bazaar, with a pan-India presence, specializing in hand-crafted gold jewellery across diverse categories and finishes.
Shankesh Jewellers Limited outlook, as the document states it
Our current growth strategies include capturing market opportunities in the growing jewellery industry, augmenting our fund-based capacities and reducing our dependence on debt, and continuing to invest in our marketing and brand building initiatives.
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Shankesh Jewellers Limited IPO: common questions
When does the Shankesh Jewellers Limited IPO open and close?
The Shankesh Jewellers Limited IPO is open from 18 Aug 2026 to 20 Aug 2026.
What is the Shankesh Jewellers Limited IPO price band?
The price band is ₹88–₹93 per share.
How much is the Shankesh Jewellers Limited IPO subscribed?
As of 27 Aug 2026 the total subscription is 2.77×.
When does the Shankesh Jewellers Limited IPO list?
The listing date is 25 Aug 2026.
How do I check the Shankesh Jewellers Limited IPO allotment status?
On the allotment status page published by KFin Technologies, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → All live GMP, and its record →
Shankesh Jewellers Limited IPO allotment status
Listed 25 Aug 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is KFin Technologies.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →