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Shankesh Jewellers opens ₹367 crore IPO at ₹88–93 per share

Mumbai-based B2B handcrafted gold jewellery maker Shankesh Jewellers opened its Rs 367 crore IPO at Rs 88-93 per share. Proceeds will fund working capital, debt repayment and corporate purposes; broker views range from neutral to long-term subscribe.

Newer report adds to this story , : First post-listing results: Q1 net profit ₹43 crore, revenue up 55.1% to ₹424 crore.

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Reported figures

From the report. Source details below

Fresh issue: 2.9482 crore shares worth Rs 274 crore
OFS: up to 1 crore shares worth Rs 93 crore
Anchor raise: Rs 110.15 crore from 14 investors

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