About
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 their own bullion.
IPO schedule
| Issue open date | 2026-08-18 |
| Issue close date | 2026-08-20 |
| UPI mandate deadline | 2026-08-20 (5 PM) |
| Allotment finalization | 2026-08-21 |
| Refund initiation | 2026-08-24 |
| Share credit | 2026-08-24 |
| Listing date | 2026-08-25 |
| Mandate end date | 2026-09-04 |
| Lock-in end date for anchor investors (50%) | 2026-09-19 |
| Lock-in end date for anchor investors (remaining) | 2026-11-18 |
Financials
| Financial Year Ended | March 2024 | March 2025 | March 2026 |
| Total Assets | 177.07 | 249.56 | 403.76 |
| Revenue | 1061.91 | 1403.94 | 1630.93 |
| Profit After Tax | 12.82 | 40.31 | 106.68 |
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 367.18 |
| Fresh Issue - Proceeds go to the company | 274.18 |
| Offer for sale - Proceeds go to the existing investors | 93 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment / pre-payment of borrowings | 158 (57.63%) |
| Funding working capital requirements | 38 (13.86%) |
| General corporate purposes | 78.18 (28.51%) |
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 organized and unorganized players in the jewellery sector.
Allotment Status for Shankesh Jewellers
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.