Now Reading: Shankesh Jewellers IPO opens August 18, price band at Rs 88-93
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Shankesh Jewellers IPO opens August 18, price band at Rs 88-93
The Story in Brief
Shankesh Jewellers Ltd, a gold jewellery manufacturer and seller established in 2005, will open its mainboard IPO for retail investors on Tuesday, August 18. The company specializes in 22-carat and 18-carat gold ornaments including bangles, bridal jewellery, earrings, necklaces, mangalsutras and rings, selling to corporate and non-corporate clients across India.
The issue size is Rs 367 crore, comprising fresh shares worth Rs 274 crore and an offer for sale (OFS) of Rs 93 crore. The company will offer 3,94,82,000 equity shares with a face value of Rs 5 each. The price band has been set at Rs 88-93 per share, with a lot size of 160 shares, requiring a minimum investment of Rs 14,880 at the upper end.
The IPO will close on August 20. Share allotment is scheduled for August 21, with refunds and share credits on August 24. The company's shares are expected to list on BSE and NSE on August 25. Anchor investor bidding will open on Monday.
Source: aajtak.in
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