Shankesh Jewellers IPO opens today at ₹88-93
SBI Securities remains Neutral while Anand Rathi gives 15 crore; listing scheduled for August 25
Shankesh Jewellers, a Mumbai-based B2B jewellery company, is set to open its ₹367-crore IPO today, with a price band of ₹88-93 per share. The IPO comprises a fresh issue of up to 2.95 crore equity shares and an offer-for-sale of up to 1 crore equity shares, with up to 50% reserved for QIBs, 35% for retail investors, and 15% for non-institutional investors.
The proceeds from the IPO will be used for repayment or pre-payment of borrowings, funding working capital requirements, and general corporate purposes. The company, which reported revenue of ₹1,630.79 crore for the financial year ending March 31, 2026, is valued at a post-IPO FY26 P/E multiple of 12.8x, which is in line with its industry peers.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
