Shankesh Jewellers is set to debut on the BSE and NSE on August 25, 2026, with its IPO allotment expected to be completed soon. The grey market premium (GMP) is currently around 5%, suggesting only modest gains upon listing.
The IPO, open from August 18 to August 20, was subscribed 2.80 times overall. The retail segment saw a subscription of 2.42 times, while qualified institutional buyers (QIBs) subscribed 1.32 times. Non-institutional investors (NIIs) showed the highest interest with a 5.68 times subscription.
The Rs 367.18-crore IPO included a fresh issue of 2.95 crore shares worth Rs 274.18 crore and an offer for sale (OFS) of 1 crore shares valued at Rs 93 crore, with a price band of Rs 88–Rs 93 per share. Aryaman Financial Services Ltd. was the lead manager, and Kfin Technologies Ltd. acted as the registrar.
Investors can check their allotment status on the registrar’s website, the NSE website, or the BSE website by entering their application number and PAN.
Shankesh Jewellers Ltd. reported a 16% increase in total income for FY26, reaching Rs 1,630.93 crore. Profit After Tax (PAT) surged by 165% to Rs 106.68 crore, reflecting strong financial performance.
Shankesh Jewellers, incorporated in 2005, specializes in handcrafted gold jewellery and distributes its products across India. The company follows an asset-light model, engaging local artisans for production while managing design and sourcing in-house.
Background
Shankesh Jewellers' IPO comes amid a robust financial performance in FY26, with significant growth in both revenue and profitability. The company's established presence in the Indian jewellery market and its asset-light business model make it a notable player in the industry.
As Shankesh Jewellers prepares for its market debut, investors will be watching the stock's performance closely, given the modest GMP. The company's strong financials and established market presence could influence its future trajectory.
