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Shankesh Jewellers IPO

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About this issue

Shankesh Jewellers is a Mainboard issue priced at ₹93 a share. One lot is 160 shares, which costs ₹14,880. The grey market premium is +₹8 (+8.6%), which is an informal figure and not a quoted price. Our call is Apply, on 86% of our checks. This is provisional while bidding is open.

Segment: Mainboard
Price: ₹93
Lot size: 160 shares
One lot costs: ₹14,880
Issue size: ₹367 Cr
Grey market premium: +₹8 (+8.6%)
Our call: Apply

What we checked

Profitable in the latest yearPAT ₹106.68 Cr
Profit grew year on yearPAT +165%
Revenue grew year on yearRevenue +16%
Margin not collapsingPAT margin 2.9% vs 6.5%
Borrowing under half of net worthDebt/net worth 0.80
Return on net worth above 15%RoNW 40.1%
Post-issue P/E under 40P/E 12.8
Price to book under 6P/B 10.8
Majority is fresh capital75% fresh issue
Promoters keep at least half69.5% held post-issue
Anchor investors participatedAnchor book placed

4 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.

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