Shankesh Jewellers’ initial public offering (IPO) is set to open for subscription on August 18, 2026. According to the Red Herring Prospectus (RHP), the ₹367.18 crore book-built issue comprises a fresh issue of shares aggregating up to ₹274.18 crore and an Offer for Sale (OFS) of up to ₹93.00 crore by existing shareholders.

The IPO will remain open until August 20, 2026, while the anchor investor portion will open for subscription on August 17, 2026. The basis of allotment is expected to be finalised on August 21, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on August 25, 2026.

Shankesh Jewellers IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue + OFS)
Total Issue Size: Up to ₹367.18 crore
Fresh Issue: Up to ₹274.18 crore
Offer for Sale (OFS): Up to ₹93.00 crore
Face Value: ₹5 per equity share
Price Band: ₹88 to ₹93
Lot Size: 160 shares
Minimum Investment Amount (Retail Investor): ₹14,880 (160 shares on the upper price)
Listing: BSE, NSE
Book Running Lead Managers: Aryaman Financial Services Limited, Smart Horizon Capital Advisors Private Limited
Registrar: KFin Technologies Limited

Shankesh Jewellers IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	18 August 2026
Subscription Closing Date	20 August 2026
Basis of Allotment Date	21 August 2026
Refund Initiation Date	24 August 2026
Credit of Shares	24 August 2026
Listing on BSE and NSE	25 August 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Shankesh Jewellers IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹93 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	160	₹14,880
Retail (Maximum)	13	2,080	₹1,93,440
sNII (Minimum)	14	2,240	₹2,08,320
bNII (Minimum)	68	10,880	₹10,11,840

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Repayment and/or prepayment, in full or part, of certain borrowings availed by the company.
Funding working capital requirements of the company.
General corporate purposes

About Shankesh Jewellers Limited

Sankesh Jewellers Limited is engaged in the wholesale of hand-crafted gold jewellery and provides customised jewellery solutions, operating through an asset-light model. It manages design, material sourcing and production, while the actual manufacturing is outsourced to local karigars through jobworkers. Its clientele includes leading jewellery companies such as Kalyan Jewellers India Limited, Joyalukkas India Limited, P.N.Gadgil & Sons Limited, and other corporate and non-corporate customers across India.

The company offers 22-karat and 18-karat gold jewellery, including bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras and rings across various traditional and contemporary styles. It also undertakes custom job work, where clients provide gold and design specifications, and the company coordinates with karigars to manufacture and deliver the finished jewellery. All gold jewellery is BIS hallmarked as per applicable standards.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	1,630.78	1,403.83	1,061.78
Operating EBITDA	157.90	65.35	28.59
Profit After Tax (PAT)	106.68	40.31	12.82