Shankesh Jewellers IPO: dates, price band, lot size and GMP
Shankesh Jewellers IPO listed on 25 Aug at ₹103 (NSE, BSE). Issue dates 18 – 20 Aug 2026, price band ₹93, lot 160 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Shankesh Jewellers listed on 25 Aug 2026 on NSE, BSE at ₹103.30, +₹10.30 (+11.1%) against the ₹93 upper band. Shankesh Jewellers IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Shankesh Jewellers IPO has a price band of ₹93, a lot of 160 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 18 – 20 Aug 2026 |
| Price band | ₹93 |
| Lot size | 160 shares |
| Issue size | ₹367.18 Cr |
| Fresh issue | ₹274.18 Cr |
| Offer for sale | ₹93 Cr |
| Subscription | 2.8x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Aryaman Financial Services Ltd., Smart Horizon Capital Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 18 Aug
- Issue closes: 20 Aug
- Allotment: 21 Aug
- Refunds: 24 Aug
- Demat credit: 24 Aug
- Listing: 25 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 1.32x |
| NII | 5.68x |
| sNII | 6.46x |
| bNII | 5.29x |
| Retail | 2.42x |
| Total | 2.8x |
Last updated 20 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹5 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹1,367.39 Cr |
| P/E (pre-issue) | 10.24x |
| P/E (post-issue) | 12.81x |
| Fresh issue (shares) | 2,94,82,000 |
| Offer for sale (shares) | 1,00,00,000 |
| Total shares offered | 3,94,82,000 |
| Promoter holding pre-issue | 95.48% |
| Promoter holding post-issue | 69.53% |
| Promoters | Kantilal Kheemraj Jain, Mahavir Kantilal Jain, Manoj Kantilal Jain |
| Lead managers | Aryaman Financial Services Ltd., Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | shankesh.ipo@kfintech.com |
| Company website | shankeshjewellers.com |
| Anchor bid date | 17 Aug 2026 |
| Anchor lock-in ends (50%) | 20 Sep 2026 |
| Anchor lock-in ends (remaining) | 19 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 160 | ₹14,880 |
| Retail (maximum) | 14 | 2,240 | ₹2,08,320 |
| sNII (minimum) | 14 | 2,240 | ₹2,08,320 |
| bNII (minimum) | 68 | 10,880 | ₹10,11,840 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 1,18,44,600 | |
| QIB | 20% | 78,97,000 | Not more than 50.00% of the Net Offer |
| NII (HNI) | 15% | 59,22,300 | Not less than 15.00% of the Net Offer |
| sNII | 5% | 19,74,100 | |
| bNII | 10% | 39,48,200 | |
| Retail | 35% | 1,38,18,700 | Not less than 35.00% of the Net Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 18 Aug | 0.03x | 0.38x | 0.27x | 0.43x | 0.53x | 0.36x |
| Day 2 · 19 Aug | 0.76x | 0.76x | 0.99x | 0.65x | 1.13x | 0.94x |
| Day 3 · 20 Aug | 1.32x | 5.68x | 6.46x | 5.29x | 2.42x | 2.80x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹9.08 |
|---|---|
| EPS (post-issue) | ₹7.26 |
| P/E (pre-issue) | 10.24x |
| P/E (post-issue) | 12.81x |
| RoNW | 40.07% |
| RoCE | 26.28% |
| RoE | 40.08% |
| PAT margin | 2.87% |
| EBITDA margin | 4.65% |
| Price / book | 10.84x |
| NAV per share | ₹8.58 |
| Debt / equity | 1.44 |
| Market cap (upper band) | ₹1,367.39 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 403.76 | 249.56 | 177.07 | +61.8% |
| Total Income | 1,630.93 | 1,403.94 | 1,061.91 | +16.2% |
| Profit After Tax | 106.68 | 40.31 | 12.82 | +164.6% |
| EBITDA | 157.9 | 65.35 | 28.6 | +141.6% |
| NET Worth | 209.43 | 100.6 | 60.29 | +108.2% |
| Reserves and Surplus | 150.65 | 90.83 | 57.5 | +65.9% |
| Total Borrowing | 167.3 | 145.63 | 109.81 | +14.9% |
About Shankesh Jewellers
Shankesh Jewellers Limited is a gold jewellery manufacturer specializing in the design and production of customized handcrafted jewellery. The company primarily focuses on 22-karat and 18-karat gold jewellery and offers a diverse collection of products catering to various customer preferences and market segments. Its extensive product range includes bangles, bridal jewellery, necklace sets, chokers, jhumkas, mangalsutras, rings, and combination jewellery sets. These products are available in multiple styles, including antique, semi-antique, temple jewellery, Calcutta designs, gheru polish, and yellow, rose, and rhodium-finished gold jewellery.
The company supplies its products across India to a broad customer base comprising both corporate and non-corporate clients. It serves several well-known jewellery retailers and brands, including Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), and Manoj Vaibhav Gems ‘N’ Jewellers Limited, among others. Shankesh Jewellers operates through an asset-light business model, leveraging a network of experienced karigars and job workers for jewellery manufacturing.
While production activities are outsourced, the company retains control over product design, raw material procurement, quality standards, and customer deliveries. The company also undertakes job work assignments, where customers provide gold bullion and design specifications, and the company manufactures the finished jewellery accordingly. All jewellery products are certified with BIS hallmarking, ensuring compliance with quality and purity standards prescribed by regulatory authorities. Business Segments Handcrafted Gold Jewellery Sales: Manufacturing and sale of 22-karat and 18-karat handcrafted jewellery.
Custom Manufacturing Services: Job work activities involving jewellery production using client-supplied bullion and customized designs. With more than 30 years of experience in the handcrafted jewellery industry, the company has established long-standing relationships with leading jewellery brands and retailers by delivering high-quality craftsmanship, innovative designs, and tailored jewellery solutions.
Objects of the issue
- Repayment/pre-payment, in full or part, of certain borrowings — ₹158 Cr
- Funding working capital requirements — ₹38 Cr
- General Corporate Purposes
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Shankesh Jewellers Ltd. (issuer) | 9.09 | 9.09 | 17.82 | — | 50.97% | — | Standalone |
| Shanti Gold International Limited | 21.22 | 21.22 | 83 | 9.76x | 23.42% | 2.61 | Consolidated |
| Sky Gold And Diamonds Limited | 18.07 | 18.06 | 77.8 | 35.42x | 23.37% | 8.36 | Consolidated |
Notes: The figures of Shankesh Jewellers Limited are based on restated financial statements for the year ended March 31, 2026. Current Market Price (CMP) is the closing price of peer group scripts as on July 15, 2026. The figures for the peer group are based on the Consolidated audited financial statements for the year ended March 31, 2026.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Shankesh Jewellers IPO open and close?
The issue is scheduled for 18 – 20 Aug 2026.
What is the Shankesh Jewellers IPO price band?
The price band is ₹93 per share with a lot size of 160 shares.
How big is the Shankesh Jewellers IPO?
The total issue size is ₹367.18 Cr, of which ₹274.18 Cr is a fresh issue and ₹93 Cr an offer for sale.
When will Shankesh Jewellers list?
The tentative listing date is 25 Aug on the main board.
How do I apply for the Shankesh Jewellers IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Shankesh Jewellers · as filed with SEBI · bseindia.com
- Red herring prospectus (RHP), Shankesh Jewellers · as filed · listing.bseindia.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 21 Aug · ipostatus.kfintech.com
- NSE public issues page · listing 25 Aug · nseindia.com
- BSE public issues page · listing 25 Aug · bseindia.com
- Shankesh Jewellers company website · shankeshjewellers.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 25 Aug, 04:06 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Shankesh Jewellers IPO”, https://buyunlistedshares.com/ipo/shankesh-jewellers-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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