Shankesh Jewellery IPO Day 3: Subscription Status, Timeline & Key Issue Details

Shankesh Jewellery’s ₹367.18 crore initial public offering (IPO) entered its final day for public subscription today, August 20, 2026, with a price band of ₹88 to ₹93 per share. As of 10:30 A.M on the third day of bidding, the issue had been subscribed 1.06 times.

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 3 Subscription Status

[August 20, 2026, 10:30 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 hand-crafted gold jewellery and provides customised jewellery solutions, operating through an asset-light model. It manages design, material sourcing and production, while the actual manufacturing is outsourced to local karigars through jobworkers. Its clientele includes leading jewellery companies such as Kalyan Jewellers India Limited, Joyalukkas India Limited, P.N.Gadgil & Sons Limited, and other corporate and non-corporate customers across India.

The company offers 22-karat and 18-karat gold jewellery, including bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras and rings across various traditional and contemporary styles. It also undertakes custom job work, where clients provide gold and design specifications, and the company coordinates with karigars to manufacture and deliver the finished jewellery. All gold jewellery is BIS hallmarked as per applicable standards.

Key Financial Highlights 

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