Shankesh Jewellers IPO: ₹110.15 Cr Anchor Funding Secured
By ThePip Desk
Mumbai’s Shankesh Jewellers raises ₹110.15 Cr from 12 anchor investors ahead of its IPO opening on August 18, 2026. Details on price band, GMP, and IPO subscription.
Shankesh Jewellers, the Mumbai-based gold jewellery supplier, has locked in ₹110.15 crore from anchor investors. This move comes just before its Initial Public Offering (IPO) launches on August 18, 2026.
The company allocated 1,18,44,600 equity shares to 12 anchor investors. This distribution occurred at the upper end of the price band, set at ₹93 per share.
IPO Details & Market Sentiment
- IPO opens: August 18, 2026
- IPO closes: August 20, 2026
- Total IPO target: Approximately ₹367.18 crores
- Price band: ₹88 to ₹93 per equity share
- Face value: ₹5 per share
- Market lot: 160 shares
The Grey Market Premium (GMP) for Shankesh Jewellers IPO stood at ₹5 as of August 17, 2026. This indicates an expected return of 5.38%, though the GMP had hit ₹8 on August 14.
Company Profile & Financials
Incorporated in 2005, Shankesh Jewellers manufactures handcrafted 22-karat and 18-karat gold jewellery. Their product line includes bangles, bridal jewellery, chokers, and necklace sets, distributed across India to clients like Joyalukkas India Limited and Kalyan Jewellers India Limited.
Financial journalist Dilip Davda noted the company’s top-line growth, but also a bottom-line setback for FY25 due to accounting adjustments. Davda views the issue as fully priced based on available financial data, suggesting well-informed investors might consider moderate, long-term investments.
Key Players Involved
- Lead Managers: Hem Securities Ltd. and Share India Capital Services Pvt. Ltd.
- Registrar: Purva Sharegistry (India) Pvt. Ltd.
- Listing: BSE and NSE