Shankesh Jewelers IPO to list on BSE and NSE tomorrow
Business
Shankesh Jewellers is making its stock market debut on both the BSE and the NSE tomorrow.
The IPO was up for grabs between August 18 and 20, and now it's looking at a possible listing price of ₹95 thanks to a small gray market premium.
The total IPO size is ₹367.18 crore, with ₹158 crore to be used for the repayment or pre-payment of certain outstanding borrowings.
Shankesh Jewellers revenue ₹1,630.93cr up 16%
Founded in 2005, Shankesh Jewellers crafts handcrafted gold jewelry and has seen solid growth: its revenue jumped 16% this year to ₹1,630.93 crore.
Aryaman Financial Services managed the IPO process, while Kfin Technologies handled registrations.