GMP IPO Watch
Shankesh Jewellers IPO Final Day: ₹367.18 Crore Issue, 3% GMP, Strong Profit Growth & B2B Jeweller Outlook
Shankesh Jewellers IPO closes today, August 20, 2026, with a price band of ₹88–₹93 per sha...
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S
Mainboard IPO
LISTED
BSE, NSE
SHANKESH
Shankesh Jewellers IPO
Shankesh Jewellers IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹2
+2.2%
Est. Listing: ₹95.00
Price Band
₹88 - ₹93
Per equity share
Lot Size
159 Shares
Min Invest: ₹14,787
Issue Size
₹367.18 Cr
Total Public Offering
Issue Dates
17 August 2026 – 19 August 2026
Bidding period
Subscription
0.61x
Total overall demand
Shankesh Jewellers IPO Details
Key facts at a glance| IPO Open Date | 17 August 2026 | IPO Close Date | 19 August 2026 |
|---|---|---|---|
| Basis of Allotment | 20 August 2026 | Listing Date | 24 August 2026 |
| Price Band | ₹88 - ₹93 per share | Face Value | ₹10 per share |
| Market Lot Size | 159 Shares | Min Investment (Retail) | ₹14,787 |
| Total Issue Size | ₹367.18 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Shankesh Jewellers IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 17 August 2026 | Confirmed |
| IPO Close Date | 19 August 2026 | Confirmed |
| Basis of Allotment | 20 August 2026 | Tentative |
| Initiation of Refunds | 24 August 2026 | Tentative |
| Credit of Shares to Demat | 24 August 2026 | Tentative |
| IPO Listing Date | 24 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 20 August 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Shankesh Jewellers IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 159 Shares | ₹14,787 |
| Retail (Max) | 13 Lots | 2,067 Shares | ₹1,92,231 |
| S-HNI (Min) | 14 Lots | 2,226 Shares | ₹2,07,018 |
| S-HNI (Max) | 67 Lots | 10,653 Shares | ₹9,90,729 |
| B-HNI (Min) | 68 Lots | 10,812 Shares | ₹10,05,516 |
Shankesh Jewellers IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹2 +2.2%
Estimated Listing Price
₹95.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 25 Aug 2026 | ₹2 | ₹95.00 | +2.15% |
| 20 Aug 2026 | ₹2 | ₹95.00 | +2.15% |
| 19 Aug 2026 | ₹5 | ₹98.00 | +5.38% |
| 18 Aug 2026 | ₹2 | ₹95.00 | +2.15% |
| 13 Aug 2026 | ₹7 | ₹100.00 | +7.53% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Shankesh Jewellers IPO Subscription Status
Demand breakdown by investor category
Retail
0.59x
QIB
0.18x
NII / HNI
1.22x
Total
0.61x
About Shankesh Jewellers
Shankesh Jewellers Limited is a B2B company that specializes in handcrafted gold jewellery. The company operates on a pan-India basis from its headquarters in Mumbai, supplying a wide array of jewellery to well-known corporate clients such as Joyalukkas, Kalyan Jewellers, and P N Gadgil Jewellers, as well as other non-corporate entities. Shankesh Jewellers follows an asset-light business model, outsourcing the manufacturing process to a network of skilled artisans and job workers, which allows the company to focus on design, customization, and inventory management. Its product portfolio includes a diverse range of 22-karat and 18-karat gold items like bangles, bridal sets, chokers, necklaces, and rings, all hallmarked as per BIS standards. The company generates revenue primarily through the direct sale of its jewellery and also offers custom job work services for clients who provide their own bullion.
Key Strengths
- Experienced promoters with a presence of over three decades in the jewellery industry.
- Established relationships with a large and diversified B2B customer base across India.
- An asset-light and scalable business model with a focus on design and quality control.
- A consistent track record of financial growth in revenue and profitability.
- A wide and diverse portfolio of handcrafted jewellery designs to cater to varied customer demands.
Key Risks
- Business success is highly dependent on the ability of its B2B customers to sell to end consumers.
- The company’s financial stability is exposed to risks from the volatility of gold prices.
- The business is working capital intensive.
- Heavy reliance on third-party artisans for the manufacturing of all its jewellery.
- Faces significant competition from both organized and unorganized players in the jewellery sector.
Shankesh Jewellers IPO Reservation & Share Quotas
The Shankesh Jewellers IPO has a category-wise reservation structure for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors. This allocation determines the portion of the public issue available for subscription by each investor category.
As per the provided reservation structure, 50% of the offer is allocated to Qualified Institutional Buyers, excluding the anchor investor portion. 15% of the issue is reserved for Non-Institutional Investors, while 35% is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares offered under each investor category is currently unavailable. These figures can be updated once the final category-wise reservation and anchor allocation details for the Shankesh Jewellers IPO are announced.
Shankesh Jewellers IPO Anchor Investors
The Shankesh Jewellers IPO anchor investor bidding is scheduled for August 17, 2026, one day before the public issue opens for subscription. The final anchor investor list, number of equity shares allocated and total anchor investment amount will be available after completion of the anchor bidding process.
The anchor allocation will be subject to the applicable lock-in requirements. As per the provided structure, 50% of the anchor shares will be subject to a 30-day lock-in period, while the remaining 50% will be subject to a 90-day lock-in period.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 17, 2026 |
| Anchor Investors List | To be Updated |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: The anchor investor names, shares allocated, anchor size and exact 30-day and 90-day lock-in expiry dates will be updated once the final Shankesh Jewellers IPO anchor allocation details are announced.
Shankesh Jewellers IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 18 Aug 2026 |
| IPO Close Date | 20 Aug 2026 |
| Basis of Allotment | 21 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 25 Aug 2026 |
Note: The timeline for शंखेश ज्वेलर्स IPO is tentative and subject to change.
Shankesh Jewellers Promoters and Shareholding Pattern
The promoters of Shankesh Jewellers are Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain. Prior to the IPO, the promoter and promoter group collectively hold 95.48% of the company's equity share capital, while other shareholders hold the remaining 4.52%.
The promoter and promoter group hold 11,22,32,400 equity shares before the IPO, while other shareholders hold 53,17,020 equity shares. The company's total equity share capital consists of 11,75,49,420 shares before the issue and is expected to increase to 14,75,49,420 shares after the IPO.
Promoters of Shankesh Jewellers
- Kantilal Kheemraj Jain
- Mahavir Kantilal Jain
- Manoj Kantilal Jain
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 11,22,32,400 | 95.48% | – | -% |
| Others* | 53,17,020 | 4.52% | – | -% |
| Total | 11,75,49,420 | 100% | 14,75,49,420 | 100% |
Note: The above table summarizes the available pre-IPO and post-IPO shareholding information of Shankesh Jewellers. The exact promoter and public shareholding after the IPO can be updated once the complete post-issue shareholding pattern is available.
Shankesh Jewellers Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Shankesh Jewellers About the IPO
Shankesh Jewellers, incorporated in 2005, is one of the leading manufacturers of handcrafted 22-karat and 18-karat gold jewellery. Its product portfolio includes bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings, and sets of antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rodium/rose gold jewellery.
The firm sells its products PAN-India to both corporate and non-corporate clients. Some of its major clients are 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 other established jewellery houses. Shankesh Jewellers has over 30 years of experience and is equipped with skilled local karigars and job workers to design handcrafted jewellery (22k and 18k).
Shankesh Jewellers Company Financial Report
To Be Updated Soon
Shankesh Jewellers Company Valuation & Key Performance Indicators
To Be Updated Soon
Shankesh Jewellers Peer Group Comparison
To Be Updated Soon
Shankesh Jewellers Lead Managers & Merchant Bankers
- Aryaman Financial Services Ltd.
- Smart Horizon Capital Advisors Pvt. Ltd.
Shankesh Jewellers IPO FAQs
Shankesh Jewellers IPO opens for subscription on 17 August 2026 and closes on 19 August 2026.
The price band for Shankesh Jewellers IPO is set at ₹88.00 to ₹93.00 per share.
The minimum market lot size is 159 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 159 Shares (₹14,787).
The latest Grey Market Premium (GMP) for Shankesh Jewellers IPO is ₹2. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Shankesh Jewellers IPO is tentatively scheduled for 20 August 2026, and shares are expected to list on the stock exchanges on 24 August 2026.
The registrar details will be confirmed in the official prospectus.
Shankesh Jewellers IPO Analysis & Articles
