Shankesh Jewellers IPO
Market Sentiment
IPO Details
Market Lot Size
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Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 1,061.91 | 1,403.94 | 1,630.93 |
| Expense | 1,044.67 | 1,349.91 | 1,487.54 |
| Profit (PAT) | 12.82 | 40.31 | 106.68 |
| Total Assets | 177.07 | 249.56 | 403.76 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Shanti Gold International Limited | 21.22 | 10.04 | 23.42 | 83.00 | 2,018.71 Cr |
| Sky Gold & Diamonds Limited | 18.07 | 34.86 | 23.37 | 77.80 | 6,294.89 Cr |
Promoters: Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain
Strengths & Risks
- Revenue grew 16% in the latest reported year.
- Strong return on equity — 51%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
Our data checks haven't flagged a specific concern for Shankesh Jewellers — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Shankesh Jewellers, incorporated in 2005, is one of the leading manufacturers of handcrafted 22-karat and 18-karat gold jewellery. Its product portfolio includes bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and sets of antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewellery. The firm sells its products PAN-India to both corporate and non-corporate clients. Some of its major clients are Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), Manoj Vaibhav Gems ‘N’ Jewellers Limited, and other established jewellery houses. Shankesh Jewellers has over 30 years of experience and is equipped with skilled local karigars and job workers to design handcrafted jewellery (22k and 18k).
Shankesh Jewellers Ltd., Office No. 12, 3rd Floor,, 101 Mumbadevi Diamond Premises Co- Op, Society Ltd, Zaveri Bazar, Mumbai, Maharashtra, 400002
| Purpose | Amount (Cr) |
|---|---|
| Repayment/pre-payment, in full or part, of certain borrowings | 158.00 |
| Funding working capital requirements | 38.00 |
| General Corporate Purposes | - |
Resources & Documents
Shankesh Jewellers has set a price band of Rs 88–Rs 93 per share for an issue size of Rs 367 crore. The stock listed with a 11.08% gain versus its issue price on August 25, 2026.
Shankesh Jewellers, incorporated in 2005, is one of the leading manufacturers of handcrafted 22-karat and 18-karat gold jewellery. Its product portfolio includes bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and sets of antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewellery.
The issue is promoted by Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain with Aryaman Financial Services Ltd., Smart Horizon Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Repayment/pre-payment, in full or part, of certain borrowings (Rs 158 crore) and Funding working capital requirements (Rs 38 crore).
On fundamentals, the company is posting revenue growth of 16.2%, a profit margin of 6.5%, return on equity of 50.9% in its most recent reported period. Listed peers in this segment include Shanti Gold International Limited (P/E 10.04x) and Sky Gold & Diamonds Limited (P/E 34.86x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Shankesh Jewellers IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Shankesh Jewellers GMP history and trend, or learn how grey market premium works and how reliable it is.
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