Mumbai-based Shankesh Jewellers Limited, a leading business-to-business (B2B) jewellery manufacturer, is set to enter the capital markets with the launch of its Initial Public Offering (IPO). The public issue will open for subscription on August 18, 2026, and close on August 20, 2026, while the bidding process for anchor investors is scheduled for August 17.
The company has fixed the price band at ₹88 to ₹93 per equity share, with a face value of ₹5 per share. Investors can apply for a minimum of 160 equity shares, with bids thereafter accepted in multiples of 160 shares. At the upper end of the price band, one lot will require an investment of ₹14,880.
The IPO aims to raise approximately ₹347 crore, comprising a fresh issue of up to 29.48 million equity shares worth around ₹259.4 crore and an Offer for Sale (OFS) of up to 10 million equity shares aggregating to nearly ₹88 crore. The OFS includes shares being sold by promoter shareholders Kantilal Kheemaraj Jain and Manoj Kantilal Jain.
With more than three decades of experience in the jewellery industry, Shankesh Jewellers has established itself as a prominent player in the handcrafted gold jewellery segment. Unlike many consumer-focused jewellery brands, the company primarily operates in the business-to-business (B2B) space, supplying jewellery to retailers and established jewellery businesses across India.
Over the years, the company has built expertise across the entire jewellery value chain. Its operations include jewellery designing, inventory management, manufacturing, supply of finished products and customised jewellery solutions. This integrated business model has enabled the company to cater to the diverse requirements of corporate as well as non-corporate jewellery retailers across the country.
Handcrafted jewellery continues to remain one of the company’s biggest strengths. By combining traditional craftsmanship with customised manufacturing capabilities, Shankesh Jewellers has created a niche for itself in a highly competitive market. The company says its focus on quality, timely delivery and customer-specific designs has helped it establish long-term relationships with its B2B clients.
The company has also reported steady financial growth over the past three financial years. According to the figures shared by the company, operational revenue increased from ₹1,061.7 crore in FY2024 to ₹1,403.8 crore in FY2025, reflecting a 32.21% year-on-year growth. Revenue further rose to ₹1,630.7 crore in FY2026, registering another 16.17% growth over the previous financial year.
The consistent rise in revenue highlights the growing demand for handcrafted gold jewellery and the company’s expanding presence within India’s organised jewellery manufacturing sector.
The IPO comes at a time when India’s jewellery industry continues to benefit from increasing demand for certified gold jewellery, rising consumer spending and the rapid expansion of organised retail. Companies operating across the jewellery value chain are increasingly turning to public markets to fund future growth and strengthen their market position.
For Shankesh Jewellers, the public issue represents an important milestone after more than 30 years in the business. As the IPO opens on August 18, investors will closely watch the subscription response, especially considering the company’s established B2B network, consistent financial performance and long-standing expertise in handcrafted jewellery manufacturing.
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