Shankesh Jewellers Limited Initial Public Offering To Open On Tuesday, August 18, 2026 Price Band fixed at Rs 88-93 per equity share

By PNI Admin On Aug 11, 2026

MUMBAI: Shankesh Jewellers, a Mumbai-based jewellery wholesaler, on Tuesday said its Rs 367 crore Initial Public Offering (IPO) will open for subscription on August 18.

The price band for the IPO has been fixed at Rs 88-93 per equity share, valuing the company at Rs 1,367 crore at the higher end.The book-build issue, comprises of a fresh issue of 2,94,82,000 (2.95 crore) equity shares and an offer for sale (OFS) of 1,00,00,000 (1 crore) Equity shares.

At the upper price band, the issue size will be around Rs 367 crore, while at the lower band it will be around Rs 347 crore.

The three-day IPO will conclude on August 20 and anchor investor bidding will take place on August 17, the company announced.Share allotment is expected to be finalised on Friday, 21 August. Successful bidders can expect the shares credited to their demat accounts on the next business day on Monday, 24 August.

The management team present at the IPO were 1) Mr. Manoj Jain, Managing Director, Shankesh Jewellers Limited

2) Mr. Mahavir Jain, Whole Time Director, Shankesh Jewellers Limited

3) Mr. Sunil Jain, Chief Strategic Officer, Shankesh Jewellers Limited. Also from the BRLMs Mr. Shripal Shah, Director, Investment Banking, Aryaman Financial Services Limited were present.

Proceeds from the fresh issue will be used for repayment or pre-payment of borrowings, funding working capital requirements and general corporate purposes, as told our newsman Sachin Murdeshwar.Promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain are selling 48 lakh shares and 52 lakh shares, respectively, in the OFS.

The IPO has reserved 50 per cent of the offer for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors (NIIs) and 35 per cent for retail investors.

The equity shares are proposed to be listed on both BSE and NSE on August 25.Aryaman Financial Services and Smart Horizon Capital Advisors are the book-running lead managers to the issue, while KFin Technologies is the registrar.

Shankesh Jewellers, asper the issue RHP, is engaged in the business of hand-crafted gold jewellery and providing customisation services to its clients and depend on third party job workers for production and manufacturing of products.

For FY24, the company’s revenue from operations stood at Rs 1,061.78 crore, which increased to Rs 1,403.83 crore in FY25, and to Rs 1,630.8 crore in FY26.