Shankesh Jewellers came to market through an IPO that opened on 18 August 2026 and closed on 20 August 2026, and the shares listed on 25 August 2026 on BSE, NSE. The price band was ₹88 to ₹93 per share and one lot was 160 shares, so the minimum application was ₹14,880. The issue size was ₹367.18 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹103.3, a gain of 11.1% against the issue price of ₹93. Kfin Technologies Ltd was the registrar to the issue, and Aryaman Financial Services Ltd., Smart Horizon Capital Advisors Pvt.Ltd were the lead managers.
As of 20 August 2026.
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Overall the issue was subscribed 2.80 times.
Incorporated in the year 2005, Shankesh Jewellers Limited is involved in the manufacture and supply of customised hand-crafted gold jewellery. It produces 22 and 18 Karat gold jewellery, and its product range includes bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings and mixed sets within the categories of antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewellery. The company markets its products PAN-India to both corporate and non-corporate clients.
The company caters to renowned jewellers like Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), Manoj Vaibhav Gems 'N' Jewellers Limited, and many more established jewelery companies. Shankesh Jewellers adopts the light assets approach by utilizing local karigars and job workers for the manufacture of the products while keeping the entire process of design, material, and delivery of the product in its own control.
Along with sale of products, it provides job works too wherein the customer gives bullion and specifies the design of the product.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Shankesh Jewellers Limited finalised its anchor investor allocation on August 17, 2026, raising ₹110.15 crore from 14 institutional investors at an anchor price of ₹93 per share. The anchor book comprises 1,18,44,600 equity shares, with no participation from domestic mutual funds, life insurance companies, or pension funds, as explicitly disclosed in the company's intimation letter.
The allocation was led by Tiger Strategies Fund – I at 15.56%, followed by Necta Bloom VCC – Necta Bloom One at 13.62%, Venus Investment VCC – Venus Stellar Fund, Zeal Global Opportunities Fund, and ASAS Global Fund Incorporated VCC Fund each at 9.08%, and Uni Growth Fund at 7.26%.
The remaining allocation was distributed evenly among eight investors — Sunrise Investment Trust, Innovative Vision Trust, Nexus Global Opportunities Fund, Arnesta Global Opportunities Fund PCC, Nova Global Opportunities Fund, Compact Structure Fund, 31 Degrees North Growth Fund, and Viney Growth Fund — each receiving 4.54% of the anchor portion.
Kantilal Kheemraj Jain, Mahavir Kantilal Jain, Manoj Kantilal Jain. Promoter holding 95.48% before the issue and 69.53% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shankesh Jewellers IPO was a ₹367.18 crore book-built issue, comprising a fresh issue of ₹274.18 crore and an offer for sale of ₹93 crore. It was priced at ₹88–₹93 per share with a lot size of 160 shares (₹14,880). The IPO was open from August 18 to August 20, 2026 and was subscribed 2.8x. Shares listed on BSE and NSE on August 25, 2026 at ₹103.30, a 11.1% premium to the issue price of ₹93. Kfin Technologies Ltd.
is the registrar. Aryaman Financial Services Ltd. and Smart Horizon Capital Advisors Pvt. Ltd. are the book running lead managers.
The price band of Shankesh Jewellers IPO is ₹88 to ₹93 per share.
The lot size of Shankesh Jewellers IPO is 160 shares.
The minimum investment for Shankesh Jewellers IPO is approximately ₹14,880 based on the upper price band.
The allotment date of Shankesh Jewellers IPO is Aug 21, 2026.
Shankesh Jewellers IPO's final recorded GMP before listing was ₹1 per share (a 1% premium over the ₹93 upper price band). The shares listed at ₹103.3. GMP is unofficial and does not forecast or guarantee the actual listing price.
Shankesh Jewellers IPO listed on Aug 25, 2026. It was issued at ₹103.3(NSE) and is currently around ₹88.45 as on 30-Oct-2026 3:30 PM, which is approximately -4.9% versus issue price. The 52-week high is ₹115.90.
You can check Shankesh Jewellers IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shankesh Jewellers IPO allotment status on Rupix for quick and easy access.
₹88 to ₹93 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 160 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,880.
₹14,880, for one lot of 160 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 18 August 2026 and closed on 20 August 2026.
The basis of allotment was published on 21 August 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 25 August 2026 on BSE, NSE, opening at ₹103.3.
The issue size was ₹367.18 crore. The fresh issue was 2,94,82,000 shares (aggregating up to ₹274.18 crore). The offer for sale was 1,00,00,000 shares (aggregating up to ₹93 crore).
It listed at ₹103.3 against an issue price of ₹93, a gain of 11.1 percent on listing day.