Shankesh Jewellery Shares List at 11% Premium on NSE
Shankesh Jewellery made its stock market debut on Tuesday, August 25, 2026, with its shares listing at a 11.08% premium on the NSE. The stock opened at ₹103.30 apiece on the NSE against its IPO issue price of ₹93 per share. On the BSE, the shares debuted at ₹102.20 per share, representing a 9.89% premium over the issue price.
The company’s ₹367.18 crore IPO was open for subscription from August 18 to August 20, 2026, and witnessed muted investor interest with the issue being subscribed 2.80 times by the end of the bidding period.
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 Jewellery Mart IPO Overall Subscription Status
[August 20, 2026, 7:00 P.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.32x |
|
Non-Institutional Investors (NIIs) |
5.68x |
|
Retail Individual Investors (RIIs) |
2.42x |
|
Total |
2.80x |
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 a wholesale gold jewellery company operating an asset-light business model. It manages jewellery design, sourcing, and quality control, while manufacturing is outsourced to skilled local artisans.
The company offers 22-karat and 18-karat handcrafted gold jewellery, including bangles, bridal sets, necklace sets, mangalsutras, jhumkas, and rings. It also provides customised job work and supplies major jewellery retailers such as Kalyan Jewellers, Joyalukkas, and P. N. Gadgil & Sons, with all products being BIS hallmarked.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
1,630.78 |
1,403.83 |
1,061.78 |
|
Operating EBITDA |
157.90 |
65.35 |
28.59 |
|
Profit After Tax (PAT) |
106.68 |
40.31 |
12.82 |
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