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.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
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.
Company History
Our Company was incorporated as H. K. Gold Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated July, 11, 2005 issued by the RoC. The name of our Company was changed to `Shankesh Jewellers Private Limited' a pursuant to a special resolution passed by Shareholders of our Company at the Extra-ordinary General Meeting held on June 16, 2006, and a fresh certificate of incorporation dated August 09, 2006 was issued by the RoC. Subsequently, our Company was converted to a public limited company pursuant to a special resolution passed by Shareholders of our Company at the Extra-ordinary General Meeting held on April 10, 2025 under the name and style of `Shankesh Jewellers Limited", and a fresh certificate of incorporation dated April 23, 2025 was issued by the RoC.
Growth Strategy
- Capturing market opportunities in the growing jewellery industry.
- Augment our fund-based capacities and reduce our dependence on debt in order to create long term shareholder value and be able scale up business operations.
- Continue to invest in our marketing and brand building initiatives.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
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.
- Wide product range in hand crafted gold jewellery.
- Commitment to Quality and Customer Satisfaction.
- The company's business and the demand for its product is reliant on the success of the company's customers' products with end consumers, and any decline in the demand for the end-products could have an adverse impact on its business, results of operations, cash flows and financial condition.
- Jewellery purchases are discretionary and often perceived as luxury purchases. Any factor negatively impacting discretionary spending by consumers may adversely affect the company's business, results of operations, financial condition and prospects.
- A significant portion of the company's business operations and revenue generation is concentrated in the Top 5 states (Tamil Nadu, Maharashtra, Uttar Pradesh, Bihar and Odissa) which contributed to 67.84%, 63.67% and 62.00% of its revenue from operations in Fiscal 2026, 2025 and Fiscal 2024. This regional concentration could expose the Company to economic, cultural, geopolitical and local market risks.
- The company operates in a high-value commodity sector and there are certain security risks associated with the transit and delivery of gold jewellery, including potential loss or theft.
- The company is dependent on third party Jobworkers for the production and manufacturing of all of its products. Any disruptions at such third-party production or manufacturing facilities, or shortage or scarcity of Karigars employed or deployed such Jobworkers in the jewellery industry in Maharashtra or failures of such third parties to adhere to the relevant quality standards may have a negative effect on the company's reputation, business and financial condition and results of operations.