π° Shankesh Jewellers IPO opens today
The βΉ367-crore Shankesh Jewellers IPO started bidding on August 18th, facing mixed analyst reactions and a weak grey market trend. This Mumbai-based wholesaler has strong customer ties, with repeat customers making up about 80% of its FY26 total. The company showed strong growth, with Revenue/EBITDA/PAT CAGR at 23.9%/134.9%/188.4% from FY24-FY26. While some see it as neutral due to gold price impact, Master Capital recommends subscribing for the long term. The IPO closes on August 20th, with listing expected on August 25th. π§