Shankesh Jewellers IPO: Rs 367 Cr Issue Opens, 2.15% GMP
By IPO Desk
Shankesh Jewellers IPO launched August 18, 2026, aiming for Rs 367.18 Cr. Grey market premium indicates a potential 2.15% listing gain. Details inside.
The Shankesh Jewellers IPO commenced its subscription today, August 18, 2026, targeting a total issue size of Rs 367.18 crore. Early grey market premium (GMP) data suggests a potential listing gain of 2.15% for new investors.
The Mumbai-based company, established in 2005, specializes in customized handcrafted gold jewellery, offering both 22-karat and 18-karat gold items.
IPO Structure
The offering includes a fresh issue of 2.95 crore equity shares, valued at Rs 274.18 crore.
An additional Offer for Sale (OFS) accounts for 1 crore equity shares, worth Rs 93 crore.
The price band is set between Rs 88 and Rs 93 per share.
Retail investors face a minimum bid size of 160 shares, requiring an investment of Rs 14,880 at the upper price band.
Timeline & Key Players
The subscription window for the IPO will close on August 20, 2026.
Share allotment is anticipated for August 21, 2026, with listing on the NSE and BSE planned for August 25, 2026.
Aryaman Financial Services Ltd. serves as the book-running lead manager.
KFin Technologies Ltd. is the registrar for the issue.
Financial Performance & Use of Proceeds
Shankesh Jewellers reported significant growth in FY26, with total income increasing by 16% to Rs 1,630.93 crore.
Profit after tax surged by 165% to Rs 106.68 crore in FY26, compared to FY25.
Net proceeds from the fresh issue are earmarked for specific purposes.
These include funding working capital requirements, clearing existing debt, and general corporate purposes.