
Consumer Discretionary · NSE / BSE
Incorporated in 2005, Shankesh Jewellers Limited is engaged in manufacturing and supplying customised handcrafted gold jewellery, mainly in 22-karat and 18-karat, offering a wide range of products like bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, and rings across various styles such as antique, temple, gheru polish, and different gold finishes. The company distributes its products across India to both corporate and retail clients, including well-known jewellery brands, and follows an asset-light model by working with skilled karigars and job workers while managing design, sourcing, and delivery internally. It also provides job work services where customers supply bullion and designs, and all products are BIS-hallmarked, with the business built on long-standing industry relationships and a strong focus on craftsmanship and customised offerings.
Price Band
₹88 – ₹93
Issue Size
₹3948.20 L Cr
Lot Size
160 shares
GMP
+3.0%
Est. Listing
₹95.75
at current GMP
Subscribed
2.06x
overall
Open
18 Aug 2026
Close
20 Aug 2026
Allotment
21 Aug 2026
Refund
22 Aug 2026
Demat Credit
23 Aug 2026
Listing
25 Aug 2026
Overall Subscription
2.06x
Total Demand
QIB Multiplier
0.58x
Institutions & Funds
NII / HNI
5.68x
High Net-Worth
Retail (RII)
2.42x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 17,897,000 | 10,392,160 | 0.58x |
| NIB | 5,922,300 | 33,616,960 | 5.68x |
| HNIs(10L +) | 3,948,200 | 20,869,120 | 5.29x |
| HNIs (2-10L) | 1,974,100 | 12,747,840 | 6.46x |
| RETAIL | 13,818,700 | 33,429,280 | 2.42x |
| Total | 43,560,300 | 111,055,360 | 2.06x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 86,367 | 161,282 | 1.87x |
| HNIs(10L +) | 1,763 | 1,636 | 0.93x |
| HNIs (2-10L) | 881 | 5,496 | 6.24x |
| Total Applications | 89,011 | 168,414 | 1.89x |
Shankesh Jewellers Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹3,94,82,000 Crores. The shares are offered at a price band of ₹88 to ₹93 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 160 shares (approx. ₹14,880 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-08-23, while un-allotted funds or UPI block mandates will be released on 2026-08-22.
The Shankesh Jewellers Limited IPO aggregate issue size is ₹3,94,82,000 Crores with an equity price band set at ₹88 to ₹93 per equity share. The retail lot size is 160 shares requiring a minimum capital outlay of approx. ₹14,880.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-08-21.