Shankesh Jewellers IPO is set to hit the primary market on Tuesday, 8 August. The book-build issue, which combines a fresh issue of 2,94,82,000 shares and an offer for sale (OFS) of 1,00,00,000 shares, will conclude on Thursday, 20 August.
Ahead of the issue launch, the company has fixed the price band at ₹88 to ₹93 per share.
Shankesh Jewellers IPO details
Shankesh Jewellers IPO is a fresh issue of 2.95 crore shares to raise ₹274.2 crore and an OFS of 1 crore shares, aggregating to ₹93 crore.
Promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain are selling 48 lakh shares and 52 lakh shares, respectively, in the OFS.
Aryaman Financial Services Limited and Smart Horizon Capital Advisors Private Limited are the book-running lead managers, while KFIN Technologies Limited is the registrar of the Shankesh Jewellers IPO.
Share allotment is expected to be finalised on Friday, 21 August. Successful bidders can expect the shares credited to their demat accounts on the next business day on Monday, 24 August.
The stock is to list on the NSE and the BSE on Tuesday, 25 August.
More to come…
