Shankesh Jewellers Limited has announced the price band for its upcoming Initial Public Offering (IPO), with the issue set to open on Tuesday, August 18, 2026. The price band has been fixed at ₹88 to ₹93 per equity share, with the Anchor Investor bidding scheduled for August 17, 2026. The IPO will remain open for bidding until August 20, 2026.
Quick Summary
- Shankesh Jewellers Limited’s IPO will open on August 18, 2026.
- The IPO price band is fixed at ₹88 to ₹93 per equity share.
- Anchor Investor bidding is scheduled for August 17, 2026.
- The IPO will close on August 20, 2026.
- The minimum bid is 160 equity shares and in multiples of 160 thereafter.
- The offer comprises a fresh issue of up to 29,482,000 equity shares and an Offer for Sale of up to 10,000,000 equity shares.
- Shankesh Jewellers is a Mumbai-headquartered B2B jewellery company focused on handcrafted gold jewellery and customisation services.
Shankesh Jewellers Limited IPO to Open on August 18, 2026
Shankesh Jewellers Limited’s Initial Public Offering to open on Tuesday, August 18, 2026,
- Price Band fixed at ₹ 88 to ₹ 93 per equity share of the face value of ₹5 each of Shankesh Jewellers Limited
- Anchor Investor Bid/Offer Date – Monday, August 17, 2026
- Bid /Offer Opening Date – Tuesday, August 18, 2026, and Bid/ Offer Closing Date – Thursday, August 20, 2026
- Bids can be made for a minimum of 160 Equity Shares of the face value of ₹5 each and in multiples of 160 Equity Shares of the face value of ₹5 each thereafter
IPO Price Band and Offer Details
Shankesh Jewellers Limited proposes to open its Initial Public Offering (IPO) on Tuesday, 18 August 2026. The Anchor Investor Bidding Date is Monday, August 17, 2026 and the Bid/ Offer Closing Date is Thursday, August 20, 2026.
The Price Band of the Offer has been fixed from ₹ 88 per Equity Share to ₹ 93 per Equity Share of face value ₹5 each. Bids can be made for a minimum of 160 Equity Shares of face value ₹5 each and in multiples of 160 Equity Shares thereafter.
Fresh Issue and Offer for Sale
The Offer comprises a fresh issue of up to 29,482,000 equity shares aggregating upto ₹2,594 million, and an Offer for Sale of up to 10,000,000 equity shares aggregating upto ₹880 million. The OFS is by the Selling Shareholders, comprising up to 48,00,000 Equity Shares by Mr. Kantilal Kheemraj Jain, up to 52,00,000 Equity Shares by Mr. Manoj Kantilal Jain (collectively, the “Promoter Selling Shareholders”).
Shankesh Jewellers’ B2B Gold Jewellery Business
Shankesh Jewellers Limited is a Mumbai-headquartered, B2B jewellery company engaged in the business of handcrafted gold jewellery and customisation services for clients across India. The Company acts as a principal contractor across design, inventory management and finished jewellery are delivered directly to their clients, ensuring seamless and high-quality service.
Company enjoys legacy in hand-made jewellery for over 3 decades. Shankesh Jewellers serves PanIndia B2B customer base comprising established corporate and non-corporate jewellery players. The company’s clientele includes Joyalukkas, P. N. Gadgil & Sons, Kalyan Jewellers, P N Gadgil Jewellers, Manoj Vaibhav Gems ‘N’ Jewellers, Novel Jewels (Aditya Birla Group), Bhima Jewellery Madurai, Hari Prasad Gopi Krishna Saraf Pvt Ltd, D.P. Abhushan, Vysyaraju Jewellers, Gajaananda Jewellery Mart, Arundhati Jewellers, Verma Jewellers and Sham Jewellers, among others.
Revenue Growth and Customer Base
Shankesh Jewellers has consistently reported growth in the revenue from operations along with profitability. In the fiscal Years 2026, 2025 and 2024, the company catered to 418, 457 and 448 customers, respectively. Revenue from operations was ₹16,307, ₹14,038 million and ₹10,617 million for the same period, representing year on year growth in revenue of 16.17% in fiscal 2026 and 32.21% in fiscal 2025.
The Offer
The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process and is in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein in terms of Regulation 32(1) of the SEBI ICDR Regulations, not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”) provided that the Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which at least 40% shall be reserved in the following manner (i) 33.33% of the Anchor Investor Portion shall be reserved for allocation to domestic Mutual Funds; and (ii) 6.67% of the Anchor Investor Portion shall be reserved for Life Insurance Companies and Pension Funds subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds, as applicable, at or above the Anchor Investor Allocation Price.
Any under-subscription in the Life Insurance Companies and Pension Funds category specified in (ii) above may be allocated to domestic Mutual Funds, in accordance with SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Offer Price.
However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders out of which (a) one-third of such portion shall be reserved for applicants with application size of more than ₹0.20 million and up to ₹1.00 million; and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations (“Retail Portion”), subject to valid Bids being received from them at or above the Offer Price.
Further all potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) (as defined hereinafter) in which the Bid amount will be blocked by the SCSBs or the Sponsor Banks, as applicable, to participate in the Offer.
Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Offer through the ASBA process.
Disclaimer
SHANKESH JEWELLERS LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its Equity Shares and has filed the RHP dated 10, 2026, with RoC and the Stock Exchanges.
The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.shankeshjewellers.com and on the websites of the Book Running Lead Managers (“BRLMs”), i.e. Aryaman Financial Services Limited and Smart Horizon Capital Advisors Private Limited (Formerly Known as Shreni Capital Advisors Private Limited) at www.afsl.co.in and www.shcapl.com, respectively.
Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see ‘Risk Factors’ on page 22 of the RHP filed with SEBI and the Stock Exchanges. Potential investors should not rely on the DRHP filed with SEBI and the Stock Exchanges for making any investment decision.
Securities Act Disclaimer
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States, except pursuant to exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws.
Accordingly, the Equity Shares are being offered and sold only outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sale occur. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Applications may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
FAQs
What is the Shankesh Jewellers IPO price band?
The price band has been fixed at ₹88 to ₹93 per equity share.
When will the Shankesh Jewellers IPO open?
The IPO will open on Tuesday, August 18, 2026.
When is the Anchor Investor bidding date?
The Anchor Investor Bidding Date is Monday, August 17, 2026.
When will the Shankesh Jewellers IPO close?
The Bid/Offer Closing Date is Thursday, August 20, 2026.
What is the minimum bid for the IPO?
Bids can be made for a minimum of 160 Equity Shares and in multiples of 160 Equity Shares thereafter.
What does Shankesh Jewellers Limited’s business focus on?
Shankesh Jewellers Limited is a Mumbai-headquartered B2B jewellery company engaged in handcrafted gold jewellery and customisation services for clients across India.
Source: SVAR Media Network
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