Connect with us

National News

Shankesh Jewellers Limited’s Initial Public Offering To Open On Tuesday, August 18, 2026

Price Band fixed at ₹ 88 to ₹ 93 per equity share of the face value of ₹5 each

Published

on

Shankesh Jewellers Limited proposes to open its Initial Public Offering (IPO) on Tuesday, 18 August 2026. The Anchor Investor Bidding Date is Monday, August 17, 2026 and the Bid/ Offer Closing Date is Thursday, August 20, 2026.

The Price Band of the Offer has been fixed from Rs. 88 per Equity Share to Rs. 93 per Equity Share of face value Rs.5 each. Bids can be made for a minimum of 160 Equity Shares of face value Rs. 5 each and in multiples of 160 Equity Shares thereafter.  

The Offer comprises a fresh issue of up to 29,482,000 equity shares aggregating upto Rs. 2,742 million, and an Offer for Sale of up to 10,000,000 equity shares aggregating upto Rs. 930 million. The OFS is by the Selling Shareholders, comprising up to 48,00,000 Equity Shares by Kantilal Kheemraj Jain, up to 52,00,000 Equity Shares by Manoj Kantilal Jain (collectively, the “Promoter Selling Shareholders”).

Shankesh Jewellers Limited is a Mumbai-headquartered, B2B jewellery company engaged in the business of handcrafted gold jewellery and customisation services for clients across India. The Company acts as a principal contractor across design, inventory management and finished jewellery are delivered directly to their clients, ensuring seamless and high-quality service

Company enjoys legacy in hand-made jewellery for over 3 decades. Shankesh Jewellers serves Pan-India B2B customer base comprising established corporate and non-corporate jewellery players. The company’s clientele includes Joyalukkas, P. N. Gadgil & Sons, Kalyan Jewellers, P N Gadgil Jewellers, Manoj Vaibhav Gems ‘N’ Jewellers, Novel Jewels (Aditya Birla Group), Bhima Jewellery Madurai, Hari Prasad Gopi Krishna Saraf Pvt Ltd, D.P. Abhushan, Vysyaraju Jewellers, Gajaananda Jewellery Mart, Arundhati Jewellers, Verma Jewellers and Sham Jewellers, among others.

Shankesh Jewellers has consistently reported growth in the revenue from operations along with profitability. In the fiscal Years 2026, 2025 and 2024, the company catered to 418, 457 and 448 customers, respectively. Revenue from operations was Rs. 16,307, Rs. 14,038 million and Rs. 10,617 million for the same period, representing year on year growth in revenue of 16.17% in fiscal 2026 and 32.21% in fiscal 2025.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

National News

Senco Gold & Diamonds Partners With Olocker to Give Customers Free Jewellery Insurance, Letting Precious Memories Be Worn, Not Hidden Away

A Customer-First Initiative Designed to Help People Wear Their Precious Memories with Confidence.

Published

on

Senco Gold & Diamonds, one of India’s most trusted jewellery houses, has partnered with Olocker, India’s first dedicated jewellery insurance platform, to offer free jewellery insurance to its customers, protecting purchases against risks such as snatching, robbery, and housebreaking.

On the surface, it’s a simple value-add: buy jewellery from Senco, get it insured, at no extra cost. But the thinking behind it is more personal — the freedom to actually live with the things you love. 

There is a quiet ritual that plays out in homes across India every wedding season, every anniversary. A piece of jewellery is bought with love, worn once or twice with pride — and then, almost apologetically, tucked away in a bank locker for “safekeeping.” The very thing meant to be cherished ends up spending most of its life in the dark.

A Locker Is No Place for a Memory

Ask any family that owns fine jewellery, and you’ll hear the same quiet anxiety: the fear of stepping out wearing something precious, the fear of a break-in while the house is empty. For many, the solution has always been the same — lock it away, take it out only for weddings and festivals, and let it sit untouched the rest of the year.

It’s a practical response to a real risk, but it also means jewellery bought to mark a marriage or a milestone ends up being seen far less than it deserves.

This is the exact problem Senco Gold & Diamonds’ Managing Director, Suvankar Sen,

has spoken about wanting to solve. Known for a customer-first philosophy that goes beyond transactions, Sen has often said jewellery should be something people live with, not something they merely own. “Jewellery is never just metal and stone,” Sen said, explaining the thinking behind the Olocker partnership. “It’s a wedding day, a mother’s blessing, a promise kept. When customers can’t step out wearing it, or can’t leave home without worrying about a break-in, something is broken in that experience. We wanted to fix that.” 

That sentiment is the quiet engine behind this initiative. Rather than simply selling jewellery and stepping back, Senco has chosen to walk the extra mile — ensuring that once a customer takes a piece home, they can wear it freely and pass it down through generations, without the constant undercurrent of worry. 

What the Partnership Actually Offers

Through this collaboration, Senco customers receive free jewellery insurance via Olocker on qualifying purchases, protecting against snatching, robbery, and housebreaking.

Olocker, India’s first digital platform dedicated to jewellery insurance and asset tracking, brings the technical and insurance backbone — while Senco brings its decades of trust, built since 1938, to make sure customers actually use it. 

For a family that has just bought a piece for a wedding, this means peace of mind — wearing that necklace to a dinner without the nagging thought of “what if someone snatches it,” or “what if someone breaks in while we’re away.” 

A Partnership Built on Shared Intent

The excitement isn’t one-sided. At Olocker, the partnership is seen as validation of the idea the platform was built on — that jewellery insurance should be a natural, everyday companion to ownership, not a niche afterthought.

“This is genuinely one of the most exciting collaborations we’ve been part of,” said Milind Shethia, Founder & Chief Marketing Officer at Olocker. “Our mission has been to help people wear their jewellery instead of locking it away, and partnering with a name as trusted as Senco brings that mission to millions of customers at once.

What’s heartening is Mr. Sen’s own approach — he didn’t look at it as a marketing tie-up, but as giving something back to people who’ve trusted Senco for generations. That kind of intent is rare, and it’s exactly the spirit we built Olocker around.” 

That mutual sense of purpose is what gives this partnership its quiet credibility. It isn’t a scheme or a promotional hook, but two organisations agreeing on a simple, shared belief: jewellery should be lived in, not locked up. 

A Bigger Idea About Ownership

There is a broader philosophy at play, one Suvankar Sen has championed throughout his tenure at Senco — that jewellery is an emotional asset as much as a financial one, and customers shouldn’t have to choose between enjoying it and protecting it.

This partnership feels less like a marketing initiative and more like a promise kept, reflecting a leadership style that measures success in something harder to quantify — how cared for a customer feels long after leaving the showroom. 

As jewellery increasingly doubles as adornment and investment, initiatives like this one may well set a new benchmark for customer care in the industry.

Senco, through its partnership with Olocker, isn’t just insuring jewellery against snatching or a break-in — it’s giving people back the freedom to wear their memories, out loud, without fear. 

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x