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

· Anchor Investor Bid/Offer Date – Monday, August 17, 2026

· Bid /Offer Opening Date – Tuesday, August 18, 2026, and Bid/ Offer Closing Date – Thursday, August 20, 2026

· Bids can be made for a minimum of 160 Equity Shares of the face value of ₹5 each and in multiples of 160 Equity Shares of the face value of ₹5 each thereafter

· RHP Link: [•]

· Price band advertisement link:

| 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 ₹ 88 per Equity Share to ₹ 93 per Equity Share of face value ₹5 each. Bids can be made for a minimum of 160 Equity Shares of face value ₹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 ₹2,594 million, and an Offer for Sale of up to 10,000,000 equity shares aggregating upto ₹880 million. The OFS is by the Selling Shareholders, comprising up to 48,00,000 Equity Shares by Mr. Kantilal Kheemraj Jain, up to 52,00,000 Equity Shares by Mr. 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 ₹16,307, ₹14,038 million and ₹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.

 The Offer:

The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process and is in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein in terms of Regulation 32(1) of the SEBI ICDR Regulations, not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”) provided that the Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which at least 40% shall be reserved in the following manner (i) 33.33% of the Anchor Investor Portion shall be reserved for allocation to domestic Mutual Funds; and (ii) 6.67% of the Anchor Investor Portion shall be reserved for Life Insurance Companies and Pension Funds subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds, as applicable, at or above the Anchor Investor Allocation Price.

Any under-subscription in the Life Insurance Companies and Pension Funds category specified in (ii) above may be allocated to domestic Mutual Funds, in accordance with SEBI ICDR Regulations.  In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders out of which (a) one-third of such portion shall be reserved for applicants with application size of more than ₹0.20 million and up to ₹1.00 million; and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations (“Retail Portion”), subject to valid Bids being received from them at or above the Offer Price.

Further all potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) (as defined hereinafter) in which the Bid amount will be blocked by the SCSBs or the Sponsor Banks, as applicable, to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Offer through the ASBA process.