• Market expansion: Shankesh Jewellers plans to sustain growth by scaling its handcrafted jewellery offerings and expanding alongside organized retail partners across India.
• Margin sustainability: Management expects to maintain its current margin profile going forward, driven by focus on design, scalability, and supportive gold price trends.
• Lower-carat demand: Sales of 18-carat jewellery have risen by more than 100% over the last three years, prompting the company to focus more on lighter, lower-carat handcrafted designs amid gold price volatility.
• Debt repayment: The company plans to completely repay its existing bank debt using IPO proceeds while deploying remaining capital toward working capital requirements.