Archive · 11 Aug 2026
Shankesh Jewellers IPO price band set at ₹88-₹93
Shankesh Jewellers is a company in Mumbai that makes hand-crafted gold jewellery and offers customisation services.
The company wants to raise money by selling shares to the public for the first time, which is called an IPO.
Each share will cost between ₹88 and ₹93.
The sale is planned to close on August 20.
One article says the sale starts on August 18, while another says August 8, so the opening date is reported differently.
The company's two owners will also sell some of their own shares during the sale.
The money raised will be used to pay off borrowings, support day-to-day business, and for general company purposes.
Shares are expected to list on the NSE and BSE on August 25.
The company's revenue has grown from ₹1,061.78 crore in FY24 to ₹1,630.8 crore in FY26.
Shankesh Jewellers' IPO combines a fresh issue of up to 2.95 crore shares (₹274.2 crore) and an offer for sale of up to 1 crore shares (₹93 crore).
The price band is fixed at ₹88 to ₹93 per share, valuing the company at ₹1,367 crore at the upper end.
The articles report different opening dates — one says August 18 (with anchor investor bidding on August 17) and the other says Tuesday, August 8 — but both say the issue closes on August 20.
Promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain are selling 48 lakh and 52 lakh shares, respectively, in the offer for sale.
Net proceeds will be used for repayment of borrowings, working capital requirements, and general corporate purposes, with listing scheduled on NSE and BSE on August 25.
- Who
- Shankesh Jewellers, a Mumbai-based jewellery wholesaler, and its promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain, who are selling shares in the offer for sale; Aryaman Financial Services and Smart Horizon Capital Advisors are the book-running lead managers, and KFin Technologies is the registrar.
- What
- An IPO combining a fresh issue of up to 2.95 crore shares and an offer for sale of up to 1 crore shares, priced at ₹88 to ₹93 per share and worth about ₹367 crore at the upper end.
- When
- The articles differ on the opening date — one reports August 18 and the other reports Tuesday, August 8 — but both say the three-day issue concludes on August 20; listing is scheduled for August 25.
- Where
- On the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE); the company is based in Mumbai.
- Why
- To use the proceeds for repayment or pre-payment of borrowings, funding working capital requirements, and general corporate purposes.
- Price band
- ₹88 to ₹93 per share
- Company valuation
- ₹1,367 crore (at upper price band)
- Fresh issue
- 2.95 crore shares (₹274.2 crore)
- Offer for sale
- 1 crore shares (₹93 crore)
- Issue closing date
- August 20
- Anchor investor bidding
- August 17
- Listing date and exchanges
- August 25 on NSE and BSE
- Category reservation
- 50% QIB, 15% NII, 35% retail
