Shankesh Jewellers Limited

Shankesh Jewellers Limited (New IPO): GMP, Profit, Price & expert review

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Shankesh Jewellers Limited is a prominent Mumbai-based B2B wholesaler specializing in handcrafted 22-karat and 18-karat gold jewellery. Operating from Zaveri Bazar, the company employs an efficient asset-light model, partnering with skilled karigars to produce antique, temple, and bridal collections. It serves a prestigious clientele, including Joyalukkas, Kalyan Jewellers, and P.N. Gadgil.

Operating primarily as a B2B wholesaler, Shankesh Jewellers leverages an asset-light model with a presence across 21 states and 4 union territories. They reach major retailers like Joyalukkas and Kalyan Jewellers via their Zaveri Bazar hub and global export channels.

Shankesh Jewellers Limited has filed DRHP with SEBI for a proposed IPO with an issue size of Up to 40,000,000 Equity Shares consisting as Fresh Issue of 30,000,000 Equity Shares & Offer for Sale (OFS) of 10,000,000 Equity Shares.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:40,000,000 Equity Shares
Fresh Issue:30,000,000 Equity Shares
Offer for Sale:10,000,000 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

Shankesh Jewellers Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 100.60 Cr
Revenue:₹ 1403.8 Cr
EBITDA₹ 65.45 Cr
PAT₹ 40.31 Cr
EBITDA Margin:~4.66%
PAT Margin~2.87%
Face Value:₹ 05 Per Equity Shares

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing payment~ ₹ 158 Cr
Working Capital Requirement~ ₹ 38 Cr
Sales and Market Expenses~ ₹ 00 Cr
General Corporate PurposeBalance

Shankesh Jewellers Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 909.2₹ 1,061.8₹ 1,403.8
PAT (₹ Cr)₹ 10.4₹ 12.8₹ 40.3
Asset (₹ Cr)₹ 174.3₹ 177.1₹ 249.6
Net Worth (₹ Cr)₹ 47.5₹ 60.3₹ 100.6

Shankesh Jewellers Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
09-Mar₹ –₹ –₹ –
08-Mar₹ –₹ –₹ –
07-Mar₹ –₹ –₹ –
06-Mar₹ –₹ –₹ –
05-Mar₹ –₹ –₹ –
Shankesh Jewellers Limited

Shankesh Jewellers Limited IPO Pros & Cons

Strengths:

  • Net profit surged over 200% between FY24 and FY25.
  • Low capital expenditure requirements due to outsourcing crafting to karigars.
  • Trusted B2B supplier for major brands like Kalyan and Joyalukkas.
  • Established sales presence across 21 states and 4 union territories.
  • Promoters possess over three decades of expertise in handcrafted jewellery.

Risks:

  • Business requires significant cash flow for gold inventory and operations.
  • Fluctuations in market prices directly impact margins and consumer demand.
  • A large portion of business is still centered around Zaveri Bazar.
  • Faces stiff rivalry from both organized giants and local unorganized players.
  • Currently maintains a debt-to-equity ratio of 1.44 before IPO proceeds.

Shankesh Jewellers Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Manoj Kantilal Jain~26.69%
Kantilal Kheemraj Jain~24.72%
Mahavir Kantilal Jain~22.84%
––

Shankesh Jewellers Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Shankesh Jewellers Limited

Lead / Book Running Lead ManagersAryaman Financial Services Limited, Smart Horizon Capital Advisors Private Limited
Registrar (RTA)KFin Technologies Limited

Shankesh Jewellers Limited FAQ

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