Shankesh Jewellers IPO Details, Financials, Valuation & Peers

Overview of Shankesh Jewellers

Incorporated in 2005, Shankesh Jewellers Limited is a manufacturer and provider of customised handcrafted gold jewellery with a legacy spanning over three decades in the handmade jewellery market. Operating on an asset-light model, the company manages design, material sourcing, and delivery in-house while utilizing skilled local karigars for production. It serves a diverse PAN-India clientele, ranging from non-corporate clients to major jewellery brands, including Kalyan Jewellers, Joyalukkas, and P. N. Gadgil & Sons.

Core Business and Services The company’s operations are divided into two primary segments: the sale of 18-karat and 22-karat handcrafted jewellery and the provision of custom job work services, where the company executes specific designs using bullion supplied by clients.

Key Highlights

• Extensive Product Range: Offers a wide variety of items, including necklaces, bangles, bridal sets, and jhumkas, across diverse categories such as antique, temple, and various gold finishes (yellow, rose, and rhodium).
• Reputed Client Base: Maintains strong business relationships with established jewellery houses, including Novel Jewels Limited (Aditya Birla Group) and Manoj Vaibhav Gems ‘N’ Jewellers.
• Operational Model: Utilizes an asset-light manufacturing approach that balances in-house design expertise with the craftsmanship of skilled job workers.
• Quality Standards: Ensures all jewellery is BIS-hallmarked in compliance with regulatory guidelines.