{
  "id": 1622481,
  "title": "Shankesh Jewellers IPO opens today at ₹88-93",
  "url": "https://urgent.news/2026/08/18/shankesh-jewellers-ipo-opens-today-at-88-93",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T03:13:47.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/shankesh-jewellersipo-opens-today-at-rs-88-93/article71358778.ece"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}