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Shankesh Jewellers opens ₹367 crore IPO, targeting debt reduction and working capital

Mumbai-based gold-jewellery wholesaler Shankesh Jewellers opened its ₹367-crore IPO. Brokerages cited customer relationships and valuations positively but warned that inventory gains from high gold prices may moderate margins. Proceeds will repay debt, fund working capital and corporate purposes.

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  1. Shankesh Jewellers lists at 11.08% premium on NSE, , Mint

Reported figures

From the report. Source details below

  • ₹274.18 crore fresh issue
  • 2.15% grey-market premium
  • 81-day FY26 cash conversion cycle

Other figures

  • ₹93 crore offer for sale
  • ₹88-₹93 price band
  • 160 shares per lot
  • FY26 EBITDA margin 9.7%

The source

Source Read the source at Business Standard

Published

Also reported by NDTV Profit

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Note Information, not investment advice. RetailIntel is not registered with SEBI.