Shankesh Jewellers’ Initial Public Offering to open on Tuesday, August 18, 2026,
FinTech BizNews Service
Mumbai, 11 August, 2026: Shankesh Jewellers Limited proposes to open its Initial Public Offering (IPO) on Tuesday, 18 August 2026. The Anchor Investor Bidding Date is Monday, August 17, 2026 and the Bid/ Offer Closing Date is Thursday, August 20, 2026.
The Price Band of the Offer has been fixed from Rs 88 per Equity Share to Rs 93 per Equity Share of face value Rs5 each. Bids can be made for a minimum of 160 Equity Shares of face value Rs5 each and in multiples of 160 Equity Shares thereafter.
The Offer comprises a fresh issue of up to 29,482,000 equity shares aggregating upto Rs2,594 million, and an Offer for Sale of up to 10,000,000 equity shares aggregating upto Rs880 million. The OFS is by the Selling Shareholders, comprising up to 48,00,000 Equity Shares by Mr. Kantilal Kheemraj Jain, up to 52,00,000 Equity Shares by Mr. Manoj Kantilal Jain (collectively, the “Promoter Selling Shareholders”).
Shankesh Jewellers Limited is a Mumbai-headquartered, B2B jewellery company engaged in the business of handcrafted gold jewellery and customisation services for clients across India. The Company acts as a principal contractor across design, inventory management and finished jewellery are delivered directly to their clients, ensuring seamless and high-quality service
Company enjoys legacy in hand-made jewellery for over 3 decades. Shankesh Jewellers serves Pan-India B2B customer base comprising established corporate and non-corporate jewellery players. The company’s clientele includes Joyalukkas, P. N. Gadgil & Sons, Kalyan Jewellers, P N Gadgil Jewellers, Manoj Vaibhav Gems ‘N’ Jewellers, Novel Jewels (Aditya Birla Group), Bhima Jewellery Madurai, Hari Prasad Gopi Krishna Saraf Pvt Ltd, D.P. Abhushan, Vysyaraju Jewellers, Gajaananda Jewellery Mart, Arundhati Jewellers, Verma Jewellers and Sham Jewellers, among others.
Shankesh Jewellers has consistently reported growth in the revenue from operations along with profitability. In the fiscal Years 2026, 2025 and 2024, the company catered to 418, 457 and 448 customers, respectively. Revenue from operations was Rs16,307, Rs14,038 million and Rs10,617 million for the same period, representing year on year growth in revenue of 16.17% in fiscal 2026 and 32.21% in fiscal 2025.
The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.shankeshjewellers.com and on the websites of the Book Running Lead Managers (“BRLMs”), i.e. Aryaman Financial Services Limited and Smart Horizon Capital Advisors Private Limited (Formerly Known as Shreni Capital Advisors Private Limited) at www.afsl.co.in and www.shcapl.com, respectively.
