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Shankesh Jewellers Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Shankesh Jewellers Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹93
Per ShareLot Size
160 Shares
Minimum Investment
₹14,880
Issue Size
₹367.18 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
IPO Opens18 Aug
IPO Closes20 Aug
Basis of Allotment21 Aug
Refund Initiation24 Aug
Shares Credited24 Aug
Shankesh Jewellers Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95.48%
Promoter Holding (Post-Issue)
86.97%
Issue Type
Book Building
ISIN
INE1WFC01025
About the Company
We are engaged in the business of hand crafted gold jewellery and providing customisation services to our clients such as Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited and Novel Jewels Limited (Aditya Birla Group) amongst others. We offer a diverse range of high- quality hand crafted gold jewellery in 22-karat and 18-karat. Our product portfolio encompasses an extensive collection of Bangles, Bridal Jewellery, Chokers, Jhumkas, Long and Short Necklace sets, Mangal Sutra and Rings and combined jewellery sets in categories of Antique and Semi-Antique Jewellery, Calcutta Jewellery, Temple Jewellery, Gheru Polish and Coloured options.
Industry Overview
In CY24, the Indian jewellery market is estimated to be Rs. 7,105 billion. Furthermore, the market is expected to grow at a compounded annual growth rate (CAGR) of 10.2% between CY24 and CY29 to Rs 11,548 billion. In India, the surge in demand for gold jewellery can be attributed to the growing middle-class population and their increasing disposable income levels. As more individuals experience higher income levels, they are more capable of affording luxury items like gold jewellery. These growing middle-class individuals view gold jewellery as a status symbol, a reflection of their improved lifestyle, and a worthwhile investment.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Standalone figures
Revenue
Amount in ₹ crore
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 39,482,000 equity shares of face value of Rs. 5 each ("Equity Shares") of Shankesh Jewellers Limited ("Company" or "Issuer") for cash at a price of Rs. 93 per equity share (including a share premium of Rs. 88 per equity share) ("Offer Price") aggregating to 367.18 Crores comprising a fresh issue of 29,482,000 equity shares of face value of Rs. 5 each aggregating up to Rs. 274.18 Crores by the company ("Fresh Issue") and an offer for sale of 10,000,000 equity shares of face value of Rs. 5 each aggregating to up to Rs. 93 Crores ("Offered Shares") by Kantilal Kheemraj Jain and Manoj Kantilal Jain ("the promoter selling shareholders) ("Offer For Sale", and together with the fresh issue, the offer"). Price Band: Rs. 93 per equity share of face value of Rs. 5 each. The floor price 18.6 times the face value of the equity shares, respectively. Bids can be made for a minimum of 160 equity shares of face value of Rs. 5 each and in multiples of 160 equity shares of face value of Rs. 5 each thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strong historical financial results.
- Long Term Relation with local Jobworkers for handling custom hand crafted gold jewellery making process.
- Asset-Light business model.
Frequently Asked Questions
01What is the minimum investment required to apply for this IPO?
The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02How is IPO allotment decided?
IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.