Shankesh Jewellers IPO

B2B Jewellery (Gold, Job-Work Model) - Listed on 25 August 2026

+11.1% listing gain
Issue Price (Upper)
Rs 93
Listing Price
Rs 103.3
Closing Price (NSE)
Rs 94.82
Total Subscription
2.80x

Shankesh Jewellers IPO listing summary

Shankesh Jewellers (B2B Jewellery (Gold, Job-Work Model)) closed its IPO window in 2026 and listed on NSE and BSE on 25 August 2026 at an upper band issue price of Rs 93, opening at Rs 103.3 for a listing gain of +11.1% and closing day one at Rs 94.82 (+2.0% on closing basis). The IPO was subscribed 2.80x overall - QIB 1.32x, HNI/NII 5.68x, Retail 2.42x. The total issue size was Rs 367.18 Cr (Fresh Issue Rs 274.18 Cr, OFS Rs 93 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

About Shankesh Jewellers

B2B Jewellery (Gold, Job-Work Model)

Shankesh. Jewellers supplies gold jewellery through a. B2B, job-work and wholesale model. It works with trade customers rather than relying only on a large branded-store network. That places. Shankesh. Jewellers in a segment where demand can be affected by customer spending, competition and the pace of capacity expansion. For readers studying the business, the sector description is a useful starting point, but it should be read alongside the company’s filings and reported financials. Its day-to-day performance is likely to be read through operating volumes, margins, working capital and the quality of its disclosed customer or project pipeline. This description is intended to explain the company’s business in plain language; the statutory filings remain the source for detailed risks and financial claims.

About Shankesh Jewellers IPO

Issue structure, listing outcome and context

The ₹367.18 crore. IPO included fresh capital and an offer for sale at ₹93. Shares listed at ₹103.30, giving the issue a modest opening gain. It combined a fresh issue of ₹274.18 crore with an offer for sale of ₹93 crore. The stock listed at ₹103.30, a reported opening gain of 11.08%. Its listing outcome gives context on early market demand, but a first-day move does not by itself establish the long-term value of the business. For a complete view of the offer, readers should check the final prospectus, the exchange listing notice and the company’s subsequent disclosures.

Listing day performance

Listing Gain (Open)
+11.08%
Listing Gain (Close)
+1.96%
Day Change After Listing
-8.21%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB1.32x
HNI / NII5.68x
Retail2.42x
Overall2.80x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.36x
Day 20.94x
Day 3 (Final)2.80x

Shankesh Jewellers IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 8+4.30%
Day 2Rs 4+5.38%
Day 3Rs 1+1.10%
Day 4Rs 5+5.38%
Day 5Rs 5+5.38%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
1.1%-5.4%
IPOGyani AI Prediction
1.2%
Actual Listing Gain
+11.1%

Prediction Accuracy: 9.9 pp (Reasonably accurate)

Issue & financials

Issue SizeRs 367.18 Cr
Fresh IssueRs 274.18 Cr
OFSRs 93 Cr
IPO PE12.80
Peer / Sector PE22.45
PE vs Sector Ratio0.57
Latest EBITDA (Cr)9.68
Debt / Equity0.80

Market context at listing

How the broader market moved around the Shankesh Jewellers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return+0.42%
Nifty 1W Return+0.44%
Nifty 1M Return+0.61%
Nifty during IPO window+0.44%

Shankesh Jewellers IPO - FAQs

What was the listing gain of Shankesh Jewellers IPO?

Shankesh Jewellers IPO listed at +11.1% versus the upper issue price of Rs 93 on 25 August 2026.

How many times was Shankesh Jewellers IPO subscribed?

Shankesh Jewellers IPO was subscribed 2.80x overall. QIB portion was subscribed 1.32x, HNI / NII 5.68x and Retail 2.42x.

What was the IPO GMP for Shankesh Jewellers?

IPO GMP started at Rs 8 on Day 1 and moved to Rs 5 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

Other IPOs listed in 2026

Browse listed IPOs by year