Shankesh Jewellers IPO GMP today is Rs 2. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
SHANKESH
Shankesh Jewellers IPO GMP & Allotment
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.
- IPO Price Band
- ₹88.00 - ₹93.00
- Lot Size
- 159 Shares
- Bidding Closes
- 20 Aug 2026
- Listing Date
- 25 Aug 2026
Quick Answer & Highlights
Shankesh Jewellers IPO GMP Today & Key Takeaways
Last updated: 25 Aug 2026
Shankesh Jewellers IPO officially listed on 25 Aug 2026 at Rs 102.20, delivering a +9.89% listing gain compared to its issue price of Rs 93.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹2.
Shankesh Jewellers IPO officially listed on 25 Aug 2026 at ₹102.20, delivering a +9.89% listing gain compared to its issue price of ₹93.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹2.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹2 | +2.15% vs upper band (25 Aug 2026) |
| Est. Listing Price | ₹102.20 | +9.89% Est. Listing Gain |
| Price Band | ₹88.00 - ₹93.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,787 | 1 Lot (159 Shares) |
| Bidding Window | 18 Aug 2026 – 20 Aug 2026 | Listed |
| Allotment & Listing Dates | Allotment: 21 Aug 2026 | Listing: 25 Aug 2026 |
Current GMP Status
₹2
+2.15% vs upper band
Est. Listing Gain
+9.89%
Last Trend
25 Aug 2026
Listing Price
₹102.20
Retail Entry
₹14,787
IPO Details
Complete IPO information
| IPO Open Date | 18 Aug 2026 |
|---|---|
| IPO Close Date | 20 Aug 2026 |
| IPO Price Band | ₹88.00 - ₹93.00 |
| Lot Size | 159 Shares |
| Current GMP | ₹2 |
| Estimated Listing Gain | +9.89% |
| Issue Size | Approx ₹367.18 Cr |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 0.61x |
| Minimum Investment | ₹14,787 |
| DRHP Draft Prospectus | - |
| RHP Draft Prospectus | - |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 78.96 | 14.52 | 0.18xx |
| NII | 59.22 | 72.19 | 1.22xx |
| Retail | 138.18 | 81.43 | 0.59xx |
| Overall Subscription | 276.37 | 168.14 | 0.61xx |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Shankesh Jewellers is priced at ₹93 per share. With a minimum lot size of 159 shares, a retail investor applying for one lot would need approximately ₹14,787 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Shankesh Jewellers stands at ₹2, implying an estimated listing gain of around 2.15% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Shankesh Jewellers's IPO was subscribed 0.61x overall, with a category-wise breakdown of Retail 0.59x, QIB 0.18x, NII 1.22x.
Among the strengths highlighted in Shankesh Jewellers's IPO documents: 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..
Investors should also weigh the risk factors Shankesh Jewellers has disclosed, including: Business success is highly dependent on the ability of its B2B customers to sell to end consumers..
A share of Shankesh Jewellers's issue proceeds is earmarked for Repayment Of Borrowings: 158 (57.63%).
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
18 Aug 2026
✓
Bidding Closes
20 Aug 2026
✓
Allotment
21 Aug 2026
✓
Listing
25 Aug 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 18 Aug 2026 | Completed |
| Bidding Closes | 20 Aug 2026 | Completed |
| Allotment | 21 Aug 2026 | Completed |
| Listing | 25 Aug 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 25 Aug 2026 | ₹2.00 | - | 2.15% |
| 20 Aug 2026 | ₹2.00 | -₹3.00 | 2.15% |
| 19 Aug 2026 | ₹5.00 | +₹3.00 | 5.38% |
| 18 Aug 2026 | ₹2.00 | -₹5.00 | 2.15% |
| 13 Aug 2026 | ₹7.00 | - | 7.53% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 159 | ₹14,787 |
| Retail Maximum | 13 Lot | 2,067 | ₹1,92,231 |
| S-HNI Minimum | 14 Lot | 2,226 | ₹2,07,018 |
| S-HNI Maximum | 67 Lot | 10,653 | ₹9,90,729 |
| B-HNI Minimum | 68 Lot | 10,812 | ₹10,05,516 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 158 (57.63%)
- Working Capital 38 (13.86%)
- General Corporate Purpose 78.18 (28.51%)
Issue Notes
Important takeaways before applying
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.
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.
Analysis
Shankesh Jewellers IPO Reservation
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.
Analysis
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.
Analysis
Shankesh Jewellers IPO 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 Shankesh Jewellers IPO is tentative and subject to change.
Analysis
Shankesh Jewellers IPO Promoters and Holding 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.
Analysis
Shankesh Jewellers Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Shankesh Jewellers About 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).
Analysis
Shankesh Jewellers Company Financials
To Be Updated Soon
Analysis
Shankesh Jewellers Company Valuation – FY2026
To Be Updated Soon
Analysis
Shankesh Jewellers IPO Peer Group Comparison
To Be Updated Soon
Analysis
IPO Lead Managers aka Merchant Bankers
- Aryaman Financial Services Ltd.
- Smart Horizon Capital Advisors Pvt. Ltd.
Comparison
Compare Shankesh Jewellers IPO with similar IPOs
FAQ
Shankesh Jewellers IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 2 and an issue price of Rs 93, the estimated listing price for Shankesh Jewellers IPO is Rs 95.00 (approx 2.15% listing gain). Actual listing price is determined by market demand on the listing day.
Shankesh Jewellers IPO price band is Rs 88.00 to Rs 93.00. Check the latest issue price, lot size and GMP together before applying.
Shankesh Jewellers IPO open date is 18 Aug 2026, close date is 20 Aug 2026, and listing date is 25 Aug 2026.
Shankesh Jewellers IPO lot size is 159 shares. The minimum retail investment is Rs 14,787.
Shankesh Jewellers is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Shankesh Jewellers IPO subscription status currently shows Retail 0.59x, QIB 0.18x, NII 1.22x, Overall 0.61x.
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.
Shankesh Jewellers IPO issue size is 367.18 and the expected allotment date is 21 Aug 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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