Shankesh Jewellers IPO
Shankesh Jewellers IPO closed on 20 Aug 2026. Allotment 21 Aug 2026, listing 25 Aug 2026. Price band ₹88–₹93, lot 160 shares, GMP +₹2 (2.15%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | Mainboard · NSE & BSE |
| Price band | ₹88–₹93 |
| Lot size | 160 shares |
| Minimum investment | ₹14,880 |
| Issue size | ₹367.18 Cr |
| GMP | +₹2 (2.15%) |
| Open date | 18 Aug 2026 |
| Close date | 20 Aug 2026 |
| Allotment date | 21 Aug 2026 |
| Listing date | 25 Aug 2026 |
| Registrar | KARVY |
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…
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 organised and unorganised players in the jewellery sector.