Shankesh Jewellers' initial public offering (IPO) is scheduled to open for subscription on Tuesday, August 8, and will conclude on Thursday, August 20. The company has set the price band for its book-built issue at Rs 88 to Rs 93 per equity share.
The IPO consists of a fresh issue of 2,94,82,000 shares and an offer for sale (OFS) of 1,00,00,000 shares. This translates to a fresh issue valued at Rs 274.2 crore and an OFS aggregating to Rs 93 crore.
Issue Details and Use of Funds
The net proceeds generated from the fresh issue component of the IPO are earmarked for several strategic purposes. These include the repayment of existing loans, funding the company's working capital requirements, and general corporate purposes to support overall business operations and growth.
Aryaman Financial Services Limited and Smart Horizon Capital Advisors Private Limited have been appointed as the book-running lead managers for the issue. KFIN Technologies Limited will serve as the registrar for the IPO.
Key Dates for Investors
Investors can expect the share allotment to be finalized on Friday, August 21. Following this, successful bidders will have their shares credited to their demat accounts on Monday, August 24. The stock is slated for listing on both the National Stock Exchange (NSE) and the BSE on Tuesday, August 25.
About Shankesh Jewellers
Shankesh Jewellers specializes in the business of hand-crafted gold jewellery. The company also provides customization services to its clients, catering to specific design preferences. According to its Red Herring Prospectus (RHP), Shankesh Jewellers relies on third-party job workers for the production and manufacturing of its jewellery products.
Financially, the company has demonstrated consistent revenue growth. Its revenue from operations stood at Rs 1,061.78 crore for the fiscal year 2024. This figure increased to Rs 1,403.83 crore in FY25 and further rose to Rs 1,630.8 crore in FY26, highlighting its expanding market presence and operational scale.