Shankesh Jewellers Limited, a renowned Mumbai-based B2B jewellery wholesaler with a rich legacy of over three decades, plans to raise INR 367 crore through an IPO.
[Fresh Issue ₹274 Cr + OFS ₹93 Cr]
Shankesh jewellers ipo price: ₹88–₹93 per share
Shankesh Jewellers: History
The Company was incorporated as H. K. Gold Private Limited, a private limited company under the Companies Act, 1956, on July, 11, 2005.
The Company was then converted into a public limited company on April 10, 2025, under a special resolution passed by the shareholders.
Its name was subsequently changed to Shankesh Jewellers Limited, and the RoC issued a fresh certificate of incorporation on April 23, 2025.
Shankesh Jewellers: Business
Shankesh Jewellers Ltd is engaged in the business of handcrafted gold jewellery and the provision of customisation services to its clients.
The Company acts as the principal contractor, managing the design, material sourcing, and finished jewellery-making process for its clients.
It offers a diverse range of high-quality handcrafted gold jewellery in 22-karat and 18-karat.
The Company’s product portfolio encompasses –
- Bangles,
- Bridal Jewellery,
- Chokers,
- Jhumkas,
- Long and Short Necklace sets,
- Mangal Sutra, and
- Rings.
It offers combined jewellery sets in categories of Antique Jewellery, Semi-Antique Jewellery, Calcutta Jewellery, Temple Jewellery, Gheru Polish, and Yellow/ Rodium/ Rose Gold Jewellery with the capability to create customized jewellery tailored to client specifications.
The company operates an asset-light business model and does not undertake manufacturing in-house.
Client List
Shankesh primarily serves B2B customers across India, including large jewellery companies such as Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, P N Gadgil Jewellers Limited, Novel Jewels Limited (Aditya Birla Group), Bhima Jewellery Madurai, D.P Abhushan Limited, and Arundhati Jewellers Pvt. Ltd.
Manpower
In Fiscal 2026, the company was associated with 72 jobworkers, including 66 who had formal agreements with the company.
Strategies Ahead
Capturing market opportunities in the growing jewellery industry.
Augment fund-based capacities and reduce dependence on debt.
Invest in marketing and brand building initiatives.
Company Promoters
- Kantilal Kheemraj Jain,
- Mahavir Kantilal Jain,
- Manoj Kantilal Jain.
Refer to Shankesh Jewellers IPO DRHP for more details.
IPO Details
ipo date: 18 Aug – 20 Aug 2026
Minimum Amount: ₹14,880
Minimum Bid: 160 Shares
Face Value: INR 5 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Aryaman Financial Services
Smart Horizon Capital Advisors
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping a long-term view in mind) for the Shankesh Jewellers IPO.
Do come back to learn more about “upcoming IPOs”.
Disclaimer: This article is purely for informational purposes.
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