Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Repayment or Prepayment of Borrowings
Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company.
Working Capital Requirements
Funding the working capital requirements of the company.
General Corporate Purposes
Funding general corporate requirements and issue-related expenses.
(₹ in Crore)
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Established in 2005 and headquartered in Zaveri Bazar, Mumbai, Shankesh Jewellers Limited operates as a business-to-business (B2B) enterprise specializing in the design, wholesale distribution, and trading of gold ornaments. The company provides a broad catalog of 22-karat and 18-karat gold jewellery, encompassing traditional bridal collections, temple jewellery, antique items, bangles, chains, and lightweight contemporary designs engineered for regional consumer preferences across India. The firm utilizes an asset-light operational framework by maintaining core competencies in design creation, bullion procurement, and stringent quality control in-house while contracting primary manufacturing and goldsmithing to a network of independent artisans. Its primary customer network comprises major national organized jewellery retail chains, regional retail stores, and established regional wholesalers spanning multiple states. Operating from India's prominent jewellery trade hub in Zaveri Bazar enables Shankesh Jewellers to streamline logistics and sustain close commercial engagements with wholesale buyers. The company emphasizes hallmarking compliance, design iteration, and dependable delivery schedules to reinforce its market position in the wholesale gold jewellery segment.
The anchor investor bidding window opened on August 17, 2026, one working day prior to the public issue opening. Up to 1,18,44,600 equity shares (60% of the QIB portion) aggregating up to Rs 110.15 crore were allocated to qualified institutional anchor bidders at the upper price band of Rs 93 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 24 August 2026, 4:32 PM
Flexible Asset-Light Operating Model
Outsourcing core manufacturing to specialized external job workers minimizes fixed capital commitments and allows agile production scaling aligned with changing retail demand.
Established B2B Client Network
Maintains long-standing commercial partnerships with major organized jewellery retail chains and regional wholesalers, supporting stable order flow.
Diverse Product Portfolio and Design Capability
Offers a comprehensive array of traditional, antique, and contemporary gold jewellery styles customized to meet regional market preferences across India.
Exposure to Gold Price Volatility
Fluctuations in global and domestic bullion prices can impact raw material costs, inventory valuations, working capital needs, and operational margins.
Dependence on External Artisans
Relying on third-party job workers and artisans for jewellery fabrication introduces risks associated with potential supply delays, quality variance, or labor shortages.
Substantial Working Capital Intensity
The business model requires significant ongoing working capital investment to maintain raw gold inventory and extend credit to wholesale purchasers.
Shankesh Jewellers Limited
Office No. 12, 3rd Floor, 101 Mumbadevi Diamond Premises Co-Op Society Ltd., Zaveri Bazar, Mumbai - 400002, Maharashtra, India
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