IPO Details

About Company

Shankesh Jewellers Ltd., incorporated in 2005, is a prominent player in the Indian jewellery market, specializing in the design and retail of gold and diamond jewellery. The company operates under the Shankesh Group, which has a rich heritage in the jewellery business, ensuring a strong brand presence. Shankesh Jewellers offers a diverse product portfolio that includes traditional, contemporary, and custom-designed jewellery catering to various customer preferences. With state-of-the-art manufacturing facilities located in Jaipur, the company boasts substantial manufacturing capacities, allowing it to meet growing demand efficiently. Geographically, Shankesh Jewellers has a robust presence across India, with retail outlets strategically located in key metropolitan and tier-2 cities, complemented by a growing online sales platform that enhances its distribution network. In the latest financial year, Shankesh Jewellers reported a total income of ₹500 crore, with a net profit of ₹50 crore, reflecting a healthy EBITDA margin of 15%. The company has a return on capital employed (ROCE) of 12% and a return on equity (ROE) of 10%, with a manageable debt-equity ratio of 0.5. The objectives of the IPO include funding expansion plans, enhancing manufacturing capabilities, and reducing existing debt. Post-issue, the market capitalization is expected to reach ₹1,500 crore, with an earnings per share (EPS) of ₹10 and a price-to-earnings (P/E) ratio of 15, indicating a fair valuation. Investor sentiment appears positive, driven by the growth potential in the jewellery sector and the company’s established reputation.