Shankesh Jewellers IPO
ListedMainboardOpens 18 August 2026Closes 20 August 2026
Shankesh Jewellers Limited (incorporated in 2005 as H. K. Gold Private Limited) is a B2B manufacturer and wholesaler of customized handcrafted gold jewellery based in Zaveri Bazar, Mumbai. The company specializes in…
Shankesh Jewellers Limited (incorporated in 2005 as H. K. Gold Private Limited) is a B2B manufacturer and wholesaler of customized handcrafted gold jewellery based in Zaveri Bazar, Mumbai. The company specializes in 22-karat and 18-karat gold jewellery, including bangles, bridal sets, chokers, jhumkas, necklace sets, mangalsutras, and rings across antique, Calcutta, temple, and rhodium/rose gold categories. Operating on an asset-light model, Shankesh Jewellers engages skilled local karigars and jobworkers for manufacturing while handling design, material sourcing, quality control, and distribution in-house to major jewellery chains like Joyalukkas, Kalyan Jewellers, and P. N. Gadgil & Sons.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
18 Aug
IPO Closes
20 Aug
Allotment
21 Aug
Listing
25 Aug
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 18 August 2026 |
| IPO Close Date | 20 August 2026 |
| Allotment Date | 21 August 2026 |
| Listing Date | 25 August 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,880 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,93,440 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,08,320 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,96,960 |
BHNIAbove ₹10,00,000 | 68 | ₹10,11,840 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company (₹158.00 Cr).
- Funding working capital requirements of the Company (₹38.00 Cr).
- General Corporate Purposes.
Strengths
- Established track record and legacy of over three decades in the handcrafted gold jewellery wholesale market.
- Asset-light operational model leveraging external skilled karigars and jobworkers, reducing fixed capital outlay.
- Long-standing relationships with leading B2B corporate jewellery chains such as Joyalukkas, Kalyan Jewellers, and P. N. Gadgil & Sons.
- Diverse product portfolio in 22K and 18K gold jewellery with 100% BIS hallmarking compliance.
Weaknesses
- High regional concentration of revenues, with top 5 states (Tamil Nadu, Maharashtra, Bihar, Uttar Pradesh, Odisha) accounting for over 67% of FY26 sales.
- Complete reliance on third-party jobworkers and skilled karigars for manufacturing without long-term exclusive contracts.
- Vulnerability to extreme gold price volatility, impacting raw material costs and consumer demand.
- Absence of long-term formal agreements with corporate customers, relying primarily on ongoing purchase orders.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 403.76 | 249.56 | 177.07 |
| Revenue (₹ Cr.) | 1,630.79 | 1,403.83 | 1,061.78 |
| PAT (₹ Cr.) | 106.68 | 40.31 | 12.82 |
| Net Worth (₹ Cr.) | 209.43 | 100.6 | 60.29 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Shankesh Jewellers | 5.22 | 10.23 | 50.94% | 209.43 |
| Sky Gold And Diamonds | 10.76 | 37.57 | 22.97% | 46.25 |
| Shanti Gold International | 2.53 | 12.61 | 23.42% | 28.22 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.03x | 0.76x | 1.32x |
| NII | 0.38x | 0.76x | 5.68x |
| S-HNI | 0.27x | 0.99x | 6.46x |
| B-HNI | 0.43x | 0.65x | 5.29x |
| RII | 0.53x | 1.13x | 2.42x |
| Total | 0.36x | 0.94x | 2.8x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 78,97,000 | 1,03,92,160 | 96.65 |
| NII | 59,22,300 | 3,36,16,960 | 312.64 |
| Small NII | 19,74,100 | 1,27,47,840 | 118.55 |
| Big NII | 39,48,200 | 2,08,69,120 | 194.08 |
| RII | 1,38,18,700 | 3,34,28,640 | 310.89 |
| Total | 2,76,38,000 | 7,74,37,760 | 720.17 |
Company Details
- Shankesh Jewellers Limited
- Office No. 12, 3rd Floor, 101 Mumbadevi Diamond Premises Co-Op, Society Ltd., Zaveri Bazar, Mumbai, Maharashtra, India, 400002
- +91 22 2347 0008 / 9
- cs@shankeshjewellers.com
- https://www.shankeshjewellers.com/
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222
- shankesh.ipo@kfintech.com
- https://www.kfintech.com/
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Sources
We match Shankesh Jewellers IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- KFin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.