BSE List Price : ₹102.20

NSE List Price : ₹103.30

subscription

Category	Times
QIBs	1.32x
HNIs	5.68x
Retail	2.42x
Total : 2.80x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	160	₹14,880
Retail Maximum	13	2,080	₹193,440
S-HNI Minimum	14	2,240	₹208,320
S-HNI Maximum	67	10,720	₹996,960
B-HNI Minimum	68	10,880	₹1,011,840

About the Company

Established in 1987, Shankesh Jewellers Ltd. is a Mumbai-based jewellery wholesaler with more than three decades of industry experience. The company has been driven by a family-oriented passion for gold and jewellery, with a strong emphasis on developing long-term relationships with customers and artisans through integrity, trust, reliability, and transparency.

The company specializes in jewellery crafted by skilled master artisans and offers a diverse range of designs, from traditional styles to contemporary collections. Its operations are focused on superior craftsmanship, meticulous attention to detail, quality, innovation, and customer satisfaction.

Shankesh Jewellers has developed a strong presence as a jewellery supplier to the corporate sector and has built a reputation for providing quality fine jewellery products. The company continues to create distinctive collections while closely monitoring changing market trends and evolving customer preferences.

The company operates under an asset-light business model, supported by established long-term relationships with local job workers engaged in the production of custom-made, handcrafted gold jewellery.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹1061.91	₹1044.67	₹12.82	₹177.07
2025	₹1403.94	₹1349.91	₹40.31	₹249.56
2026	₹1630.93	₹1487.54	₹106.68	₹403.76

Company Promoter

Kantilal Kheemraj Jain

Mahavir Kantilal Jain

Manoj Kantilal Jain

Know before investing

• • Strengths

  Established Relationships with Local Job Workers: The company has built long-standing associations with local job workers engaged in the manufacturing of customized, handcrafted gold jewellery. These relationships enable the company to efficiently fulfil customized jewellery requirements.

  Asset-Light Operating Model: The company follows an asset-light business model, reducing the need for significant investment in manufacturing infrastructure. This approach provides greater operational flexibility and enables efficient utilization of resources.

• • Risks

  Discretionary Demand for Jewellery: Jewellery is largely a discretionary and luxury purchase. A decline in consumer discretionary spending due to economic or other factors could negatively affect the company's business, financial performance, and future prospects.

  Geographical Concentration Risk: A substantial share of the company's operations and revenue is derived from Tamil Nadu, Maharashtra, Uttar Pradesh, Bihar, and Odisha. These five states accounted for 67.84%, 63.67%, and 62.00% of revenue from operations in Fiscal 2026, 2025, and 2024, respectively. This concentration exposes the company to regional economic conditions, cultural factors, geopolitical developments, and fluctuations in local market conditions.

Objects of the Issue & Utilisation of proceeds

Repayment/pre-payment, in full or part, of certain borrowings.

Funding working capital requirements.

General Corporate Purposes.

Company  Address

Shankesh Jewellers Ltd.
Office No. 12, 3rd Floor,
101 Mumbadevi Diamond Premises Co- Op, Society Ltd
Zaveri Bazar
Mumbai, Maharashtra, 400002
Phone: +91 22234700089
Email: cs@shankeshjewellers.com
Website: https://www.shankeshjewellers.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: shankesh.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/