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SHANKESH JEWELLERS IPO

ALREADY DEPARTEDNSE, BSE · MAINBOARD · GEMS, JEWELLERY AND WATCHES
INDICATIVE FARE / PRICE BAND
₹93
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 01 SEPT 2026, 10:03 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹93
LOT SIZE
160 SHARES
ISSUE SIZE
₹367.18 CR
MIN INVESTMENT
₹14,880 · 160 SHARES
P/E RATIO
10.24
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
18 AUG 26
✓ STOP CLEARED
CLOSES
20 AUG 26
✓ STOP CLEARED
ALLOTMENT
21 AUG 26
✓ STOP CLEARED
LISTING
25 AUG 26
✓ STOP CLEARED
ANCHOR BIDDING17 AUG 26REFUNDS INITIATED24 AUG 26SHARES IN DEMAT24 AUG 26ANCHOR LOCK-IN ENDS · 30 DAY20 SEPT 26ANCHOR LOCK-IN ENDS · 90 DAY19 NOV 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹103
DAY-1 LISTING GAIN
+11.08%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION2.8×
QIB1.32×
NII5.68×
SMALL HNI6.46×
BIG HNI5.29×
RETAIL2.42×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
RETAIL · MINIMUM · AS PUBLISHED1160₹14,880
RETAIL · MAXIMUM · COMPUTED132,080₹1,93,440
SMALL HNI · MINIMUM · AS PUBLISHED142,240₹2,08,320
SMALL HNI · MAXIMUM · COMPUTED6710,720₹9,96,960
BIG HNI · MINIMUM · AS PUBLISHED6810,880₹10,11,840
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹93 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹5
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹274.18 CR
2,94,82,000 SHARES
OFFER FOR SALE
₹93 CR
1,00,00,000 SHARES
TOTAL SHARES OFFERED
3,94,82,000

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
9.08
EPS · POST-ISSUE
7.26
P/E RATIO
10.24
P/E · POST-ISSUE
12.81
RONW
40.07%
ROCE
26.28%
ROE
40.08%
PAT MARGIN
2.87%
EBITDA MARGIN
4.65%
PRICE / BOOK
10.84
NAV PER SHARE
₹8.58
DEBT / EQUITY
1.44
MARKET CAP
₹1,367.39 CR
FIGURES STATED AS OF 31 MAR 2025 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS177.07249.56403.76
TOTAL INCOME1,061.911,403.941,630.93
PROFIT AFTER TAX12.8240.31106.68
EBITDA28.665.35157.9
NET WORTH60.29100.6209.43
RESERVES AND SURPLUS57.590.83150.65
TOTAL BORROWING109.81145.63167.3
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)P/BV RATIOFINANCIAL STATEMENTS
Shankesh Jewellers Ltd. · THIS ISSUER9.099.0917.8250.97Standalone
Shanti Gold International Limited21.2221.22839.7623.422.61Consolidated
Sky Gold And Diamonds Limited18.0718.0677.835.4223.378.36Consolidated
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

Notes: The figures of Shankesh Jewellers Limited are based on restated financial statements for the year ended March 31, 2026. Current Market Price (CMP) is the closing price of peer group scripts as on July 15, 2026. The figures for the peer group are based on the Consolidated audited financial statements for the year ended March 31, 2026.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Repayment/pre-payment, in full or part, of certain borrowings158
Funding working capital requirements38
General Corporate Purposes
OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
1,18,44,600
SHARES
QIB
78,97,000
Not more than 50.00% of the Net Offer
NII (HNI)
59,22,300
Not less than 15.00% of the Net Offer
SNII
19,74,100
SHARES
BNII
39,48,200
SHARES
RETAIL
1,38,18,700
Not less than 35.00% of the Net Offer
3,94,82,600 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

Shankesh Jewellers Limited is a gold jewellery manufacturer specializing in the design and production of customized handcrafted jewellery. The company primarily focuses on 22-karat and 18-karat gold jewellery and offers a diverse collection of products catering to various customer preferences and market segments. Its extensive product range includes bangles, bridal jewellery, necklace sets, chokers, jhumkas, mangalsutras, rings, and combination jewellery sets. These products are available in multiple styles, including antique, semi-antique, temple jewellery, Calcutta designs, gheru polish, and yellow, rose, and rhodium-finished gold jewellery. The company supplies its products across India to a broad customer base comprising both corporate and non-corporate clients. It serves several well-known jewellery retailers and brands, including Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), and Manoj Vaibhav Gems ‘N’ Jewellers Limited, among others. Shankesh Jewellers operates through an asset-light business model, leveraging a network of experienced karigars and job workers for jewellery manufacturing. While production activities are outsourced, the company retains control over product design, raw material procurement, quality standards, and customer deliveries. The company also undertakes job work assignments, where customers provide gold bullion and design specifications, and the company manufactures the finished jewellery accordingly. All jewellery products are certified with BIS hallmarking, ensuring compliance with quality and purity standards prescribed by regulatory authorities. Business Segments Handcrafted Gold Jewellery Sales: Manufacturing and sale of 22-karat and 18-karat handcrafted jewellery. Custom Manufacturing Services: Job work activities involving jewellery production using client-supplied bullion and customized designs. With more than 30 years of experience in the handcrafted jewellery industry, the company has established long-standing relationships with leading jewellery brands and retailers by delivering high-quality craftsmanship, innovative designs, and tailored jewellery solutions.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Kantilal Kheemraj Jain, Mahavir Kantilal Jain, Manoj Kantilal Jain
HOLDING PRE-ISSUE
95.48%
HOLDING POST-ISSUE
69.53%
BOOK-RUNNING LEAD MANAGERS
2 APPOINTED
Aryaman Financial Services Ltd., Smart Horizon Capital Advisors Pvt.Ltd.
REGISTRAR TO THE ISSUE
NAME
Kfin Technologies Ltd.
PHONE
040-79615565
THE COMPANY
PHONE
+91 22234700089
REGISTERED OFFICE
Office No. 12, 3rd Floor, 101 Mumbadevi Diamond Premises Co- Op, Society Ltd, Zaveri Bazar, Mumbai, Maharashtra, 400002
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Shankesh Jewellers IPO price band?+

The indicative price band is ₹93 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Shankesh Jewellers IPO?+

One lot is 160 shares. At the upper band of ₹93, one lot works out to ₹14,880.

How many lots can a retail investor apply for in the Shankesh Jewellers IPO?+

A retail application runs from 1 lot (160 shares, ₹14,880) up to 13 lots (2,080 shares, ₹1,93,440) — the most that fits under SEBI's ₹2 lakh retail ceiling.

What is the minimum HNI application in the Shankesh Jewellers IPO?+

A small-HNI (sHNI) application starts at 14 lots — 2,240 shares, ₹2,08,320. A big-HNI (bHNI) application starts at 68 lots — 10,880 shares, ₹10,11,840, above the ₹10 lakh boundary.

When does the Shankesh Jewellers IPO open and close?+

The issue opened on 18 Aug 2026 and closed on 20 Aug 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Shankesh Jewellers IPO allotment?+

Allotment is scheduled for 21 Aug 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Shankesh Jewellers list?+

Listing took place on 25 Aug 2026 on NSE, BSE.

Where will Shankesh Jewellers be listed?+

Shankesh Jewellers is listed on NSE, BSE. It is a mainboard issue.

How large is the Shankesh Jewellers IPO?+

The issue size is ₹367.18 Cr — a fresh issue of ₹274.18 cr and an offer for sale of ₹93 cr. Figures are indicative and subject to the RHP.

What is the difference between the fresh issue and the offer for sale in the Shankesh Jewellers IPO?+

Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.

How was the Shankesh Jewellers IPO subscribed?+

The issue was subscribed 2.8× overall. By category: qib 1.32×, nii 5.68×, small hni 6.46×, big hni 5.29×, retail 2.42×. Subscription figures are as reported by the exchanges.

At what price did Shankesh Jewellers list?+

Shankesh Jewellers listed at ₹103, +11.08% against the issue price.

Who is the registrar for the Shankesh Jewellers IPO?+

The registrar to the issue is Kfin Technologies Ltd. (040-79615565), shankesh.ipo@kfintech.com.

Where can I check the Shankesh Jewellers IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://ipostatus.kfintech.com/. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

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PRE-IPO STOCK ONLY · WE DO NOT ACCEPT IPO APPLICATIONS
Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
© 2026 BUYUNLISTEDSHARES · A BRAND OF GAYATRI FINANCIAL SYNERGY · SINCE 2002 · ‹ BACK TO THE RIDE
TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —