Shankesh Jewellers IPO
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Shankesh Jewellers IPO details
Schedule of Shankesh Jewellers
| Issue open date | 18 Aug 2026 |
| Issue close date | 20 Aug 2026 |
| UPI mandate deadline | 20 Aug 2026 (5 PM) |
| Allotment finalization | 21 Aug 2026 |
| Refund initiation | 24 Aug 2026 |
| Share credit | 24 Aug 2026 |
| Listing date | 25 Aug 2026 |
| Mandate end date | 04 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 19 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 18 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shankesh Jewellers
Shankesh Jewellers Limited is a B2B company that specializes in handcrafted gold jewellery. The company operates on a pan-India basis from its headquarters in Mumbai, supplying a wide array of jewellery to well-known corporate clients such as Joyalukkas, Kalyan Jewellers, and P N Gadgil Jewellers, as well as other non-corporate entities. Shankesh Jewellers follows an asset-light business model, outsourcing the manufacturing process to a network of skilled artisans and job workers, which allows the company to focus on design, customization, and inventory management. Its product portfolio includes a diverse range of 22-karat and 18-karat gold items like bangles, bridal sets, chokers, necklaces, and rings, all hallmarked as per BIS standards. The company generates revenue primarily through the direct sale of its jewellery and also offers custom job work services for clients who provide their own bullion.
Financials of Shankesh Jewellers
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 367.18 |
| Fresh Issue – Proceeds go to the company | 274.18 |
| Offer for sale – Proceeds go to the existing investors | 93 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment / pre-payment of borrowings | 158 (57.63%) |
| Funding working capital requirements | 38 (13.86%) |
| General corporate purposes | 78.18 (28.51%) |
Strengths
- Experienced promoters with a presence of over three decades in the jewellery industry.
- Established relationships with a large and diversified B2B customer base across India.
- An asset-light and scalable business model with a focus on design and quality control.
- A consistent track record of financial growth in revenue and profitability.
- A wide and diverse portfolio of handcrafted jewellery designs to cater to varied customer demands.
Risks
- Business success is highly dependent on the ability of its B2B customers to sell to end consumers.
- The company’s financial stability is exposed to risks from the volatility of gold prices.
- The business is working capital intensive.
- Heavy reliance on third-party artisans for the manufacturing of all its jewellery.
- Faces significant competition from both organized and unorganized players in the jewellery sector.