Shankesh Jewellery IPO Day 1: Subscription Status, Timeline & Key Issue Details

Shankesh Jewellery’s ₹367.18 crore initial public offering (IPO) opened for public subscription today, August 18, 2026, with a price band of ₹88 to ₹93 per share. As of 10:05 A.M on the first day of bidding, the issue had been subscribed 0.02 times.

The IPO will remain open for subscription until August 20, 2026. The basis of allotment is expected to be finalised on August 21, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on August 25, 2026.

Shankesh Jewellers IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹367.18 crore
• Fresh Issue: Up to ₹274.18 crore
• Offer for Sale (OFS): Up to ₹93.00 crore
• Face Value: ₹5 per equity share
• Price Band: ₹88 to ₹93
• Lot Size: 160 shares
• Minimum Investment Amount (Retail Investor): ₹14,880 (160 shares on the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Aryaman Financial Services Limited, Smart Horizon Capital Advisors Private Limited
• Registrar: KFin Technologies Limited

Shankesh Jewellers IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Shankesh Jewellery IPO Day 1 Subscription Status

[August 18, 2026, 10:05 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Repayment and/or prepayment, in full or part, of certain borrowings availed by the company.
• Funding working capital requirements of the company.
• General corporate purposes

About Shankesh Jewellers Limited

Sankesh Jewellers Limited is engaged in the wholesale of handcrafted gold jewellery and offers customised jewellery solutions through an asset-light business model. The company oversees product design, sourcing of materials and production, while manufacturing is outsourced to local artisans through jobworkers. Its customer base includes major jewellery retailers such as Kalyan Jewellers India Limited, Joyalukkas India Limited and P.N. Gadgil & Sons Limited, along with other corporate and non-corporate customers across India.

The company offers 22-karat and 18-karat gold jewellery, including bangles, bridal sets, chokers, jhumkas, necklace sets, mangalsutras and rings in traditional and contemporary designs. It also provides customised job work, wherein customers supply the gold and design specifications, while the company coordinates with artisans for manufacturing and delivery. Its gold jewellery is BIS hallmarked in accordance with applicable standards.

Key Financial Highlights 

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