Shankesh Jewellers IPO - Listing Performance & Details

Shankesh Jewellers Limited was incorporated in 2005 and is headquartered in Zaveri Bazaar, Mumbai. It works in the handcrafted gold jewellery manufacturing sector.

The company manufactures and supplies customised, handcrafted gold jewellery in 22-karat and 18-karat gold, with a product portfolio spanning bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, and rings across categories such as antique, semi-antique, Calcutta, and temple designs. It operates on an asset-light model, engaging skilled karigars and jobworkers for production while managing design, material sourcing, and delivery in-house, and also offers job work services where clients supply bullion and design requirements. All jewellery is BIS-hallmarked. As of FY25, the company had a sales presence across 21 states and 3 union territories, with clients including Joyalukkas India Limited and other national retail chains. The promoters are Kantilal Kheemraj Jain, Mahavir Kantilal Jain, and Manoj Kantilal Jain.

The company reported revenue from operations of Rs 1,403.83 crore and profit after tax of Rs 40.31 crore in FY25, with net worth of Rs 100.60 crore as of March 31, 2025. The IPO is a mainboard, book-built issue of 4 crore equity shares of face value Rs 5 each, comprising a fresh issue of up to 3 crore shares and an offer for sale of up to 1 crore shares by promoters Kantilal K. Jain and Manoj K. Jain, proposed for listing on the BSE and NSE. As per the DRHP, net proceeds from the fresh issue are proposed to be used for repayment or prepayment of certain borrowings (about Rs 158 crore) and funding working capital requirements (about Rs 38 crore), with the balance for general corporate purposes.