Shankesh Jewellers IPO
Shankesh Jewellers, incorporated in 2005, is one of the leading manufacturers of handcrafted 22-karat and 18-karat gold jewellery. Its product portfolio includes bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and sets of antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewellery.
IPO GMP
+₹2
+2% expected gain
Price Band
₹93
Lot Size
160 shares
Min Investment
₹14,880
Listing Date
August 25, 2026
About Shankesh Jewellers
Company overview, business, and key facts.
Shankesh Jewellers, incorporated in 2005, is one of the leading manufacturers of handcrafted 22-karat and 18-karat gold jewellery. Its product portfolio includes bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and sets of antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewellery.
The firm sells its products PAN-India to both corporate and non-corporate clients. Some of its major clients are Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), Manoj Vaibhav Gems ‘N’ Jewellers Limited, and other established jewellery houses. Shankesh Jewellers has over 30 years of experience and is equipped with skilled local karigars and job workers to design handcrafted jewellery (22k and 18k).
Founded
2005
Headquarters
Mumbai, Maharashtra
Promoters
Kantilal Kheemraj Jain, Mahavir Kantilal Jain, Manoj Kantilal Jain
Website
https://www.shankeshjewellers.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review: May Apply
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Shankesh Jewellers IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹1,372.2 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
12.9x
Peer median 22.5x (discount of 42.7%)
Price to sales
0.84x
Revenue growth, 2026
+16.2%
23.9% a year over the period
Profit growth, 2026
+164.6%
188.5% a year over the period
Profit margin (PAT)
6.5%
EBITDA margin 9.68%
ROE / ROCE
50.94% / 41.57%
As published in the offer document
Debt to equity
0.8
Issue mix
74.7% fresh / 25.3% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹320
160 shares on ₹14,880. GMP is unofficial.
What stands out
- Profit grew 164.6% in 2026.
- Priced at a 42.7% discount to the peer median P/E of 22.5.
- GMP has been rising over the last three readings.
Watch-outs
- 80.6% of the disclosed use of proceeds is debt repayment.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Shankesh Jewellers's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Shankesh Jewellers IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Shankesh Jewellers IPO is trading at a grey market premium (GMP) of +₹2 (+2% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 2.77x overall — QIB: 1.32x, NII: 5.63x, Retail: 2.37x.
Shankesh Jewellers IPO subscription has closed. The shares are expected to list on August 25, 2026.
The minimum investment required is ₹14,880 for 160 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review: May Apply.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Shankesh Jewellers IPO — Frequently Asked Questions
What is Shankesh Jewellers IPO GMP today?
Shankesh Jewellers IPO GMP (grey market premium) today is +₹2, suggesting an estimated listing gain of +2%. GMP is indicative and subject to change.
What is the price band of Shankesh Jewellers IPO?
The price band for Shankesh Jewellers IPO is ₹93 with a lot size of 160 shares. The minimum investment required is ₹14,880.
When is Shankesh Jewellers IPO allotment date?
Shankesh Jewellers IPO allotment is expected to be finalised on August 21, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Shankesh Jewellers IPO list on NSE/BSE?
Shankesh Jewellers IPO is expected to list on BSE, NSE on August 25, 2026.
How to check Shankesh Jewellers IPO allotment status?
To check Shankesh Jewellers IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Shankesh Jewellers IPO?
Shankesh Jewellers IPO has a GMP of +₹2. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Shankesh Jewellers IPO?
The lot size for Shankesh Jewellers IPO is 160 shares per lot. The minimum investment for retail investors is ₹14,880. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.