Shankesh Jewellers, a Mumbai-based jewellery wholesaler, on Tuesday said its ₹367 crore Initial Public Offering (IPO) will open for subscription on August 18.
The price band for the IPO has been fixed at ₹88-93 per equity share, valuing the company at ₹1,367 crore at the higher end.
The three-day IPO will conclude on August 20 and anchor investor bidding will take place on August 17, the company announced.
1 August 2026
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The IPO comprises a fresh issue of up to 2.95 crore equity shares and an Offer For Sale (OFS) of up to 1 crore equity shares.
At the upper price band, the issue size will be around ₹367 crore, while at the lower band it will be around ₹347 crore.
Proceeds from the fresh issue will be used for repayment or pre-payment of borrowings, funding working capital requirements and general corporate purposes.
The IPO has reserved 50% of the offer for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 35% for retail investors.
The equity shares are proposed to be listed on both BSE and NSE on August 25.
Aryaman Financial Services and Smart Horizon Capital Advisors are the book-running lead managers to the issue, while KFin Technologies is the registrar.
