Shankesh Jewellers Limited has opened its initial public offering for subscription on Tuesday, August 18, 2026. The IPO will remain open until Thursday, August 20, 2026. The company has fixed the price band at 88 to 93 rupees per equity share, while the total issue size is estimated at 347 crore to 367 crore rupees.
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The anchor investor bidding took place on Monday, August 17, 2026, ahead of the public issue.
Shankesh Jewellers IPO Key Details
According to the issue details shown in the IPO document, the company is offering a combination of a fresh issue and an offer for sale.
- IPO Opening Date: August 18, 2026
- IPO Closing Date: August 20, 2026
- Anchor Investor Bidding: August 17, 2026
- Fresh Issue: Up to 29,482,000 equity shares
- Offer for Sale: Up to 10,000,000 equity shares
- Issue Size: 347 crore–367 crore rupees
- Face Value: 5 rupees per equity share
- Price Band: 88–93 rupees per share
- Bid Lot: 160 shares and multiples thereof
- Post-Issue Implied Market Capitalisation: 1,294 crore–1,367 crore rupees
- Listing Exchanges: BSE and NSE
At the upper price band of 93 rupees, one lot of 160 shares would require an investment of 14,880 rupees.
Shankesh Jewellers IPO Minimum Investment and Bid Lot
The minimum bid requirement differs across investor categories. For retail investors, the minimum application is 160 shares, requiring 14,880 rupees at the upper price band. For non-institutional investors, the minimum bid requirements shown in the issue details are:
- NII bids between 2 lakh and 10 lakh rupees: 2,240 shares
- Minimum investment: 2,08,320 rupees at the upper price band
- NII bids above 10 lakh rupees: 10,880 shares
- Minimum investment: 10,11,840 rupees at the upper price band
The indicative number of applications for one-time subscription is 86,367 applications for the retail category, 881 applications for NII bids between 2 lakh rupees and 10 lakh rupees, and 1,763 applications for NII bids above 10 lakh rupees.
Shankesh Jewellers IPO Category-Wise Reservation
The IPO has allocated different portions of the offer to QIBs, NIIs and retail investors.
Qualified Institutional Buyers
QIBs have been allocated 50% of the offer, equivalent to approximately 173.72 crore to 183.59 crore rupees, depending on the final issue price.
Non-Institutional Investors
NIIs have been allocated 15% of the offer, representing approximately 52.12 crore to 55.08 crore rupees.
The NII portion is further divided into:
- NII bids above 10 lakh rupees: 34.74 crore–36.72 crore rupees
- NII bids between 2 lakh and 10 lakh rupees: 17.37 crore–18.36 crore rupees
Retail Investors
The retail category has been allocated 35% of the offer, equivalent to approximately 121.60 crore to 128.51 crore rupees.
The lower and upper figures are based on the lower and upper price bands, respectively.
Shankesh Jewellers IPO Lead Managers and Registrar
The IPO’s Book Running Lead Managers (BRLMs) are:
- Aryaman Financial Services
- Smart Horizon Capital Advisors
KFin Technologies Limited has been appointed as the registrar to the issue.
The equity shares are proposed to be listed on both BSE and NSE.
Shankesh Jewellers IPO Allotment and Listing Schedule
The indicative post-issue timeline provided in the document is as follows:
- Finalisation of Basis of Allotment: On or about August 21, 2026
- Initiation of Refunds/Unblocking of Funds: On or about August 24, 2026
- Credit of Equity Shares to Demat Accounts: On or about August 24, 2026
- Listing of Equity Shares: On or about August 25, 2026
Investors should note that the dates are indicative and are stated as “on or about” in the issue document.
Shankesh Jewellers IPO: Use of Funds
The fresh issue proceeds are intended to support the company’s business and financial requirements. Based on the information provided for the issue, the proposed utilisation includes:
- Funding the company’s working capital requirements
- Clearing or reducing debt
- General corporate purposes
The exact utilisation and associated risk factors should be considered from the company’s Red Herring Prospectus before making an investment decision.
Shankesh Jewellers Business Overview
Shankesh Jewellers Limited is a Mumbai-based jewellery company engaged in the manufacturing and supply of customised handcrafted gold jewellery.
The company was incorporated in 2005 and operates primarily in the B2B jewellery segment. Its product portfolio includes 22-karat and 18-karat gold jewellery, covering products such as bangles, bridal sets, chokers, jhumkas and mangalsutras.
The company serves corporate jewellery customers across India, including established jewellery businesses.
Shankesh Jewellers IPO: Important Investor Information
The IPO combines a fresh issue of up to 29.482 million equity shares with an OFS of up to 10 million equity shares. With the price band set at 88–93 rupees, investors can apply in lots of 160 shares.
At the upper end of the price band, the implied post-issue market capitalisation is expected to be approximately 1,367 crore rupees.
Investors should also note that applications made using a third-party UPI or ASBA bank account are liable to be rejected, as specifically mentioned in the issue document.
FAQs
1. When does the Shankesh Jewellers IPO open and close?
The Shankesh Jewellers IPO opens for public subscription on August 18, 2026, and will remain open until August 20, 2026. Anchor investor bidding was scheduled for August 17, 2026.
2. What is the price band and minimum lot size of the Shankesh Jewellers IPO?
The IPO price band has been fixed at 88 to 93 rupees per equity share, with a face value of 5 rupees per share. The minimum bid lot is 160 shares. At the upper price band of 93 rupees, retail investors will need 14,880 rupees to apply for one lot.
3. How much investment is required for the NII categories?
For NII bids between 2 lakh rupees and 10 lakh rupees, the minimum bid is 2,240 shares, requiring 2,08,320 rupees at the upper price band. For NII bids above 10 lakh rupees, the minimum bid is 10,880 shares, requiring 10,11,840 rupees at 93 rupees per share.
4. What is the category-wise reservation in the Shankesh Jewellers IPO?
The issue has reserved 50% of the offer for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs) and 35% for Retail Investors. The NII allocation is further divided between bids above 10 lakh rupees and bids between 2 lakh rupees and 10 lakh rupees.
5. When will Shankesh Jewellers shares be allotted and listed?
The basis of allotment is expected to be finalised on or about August 21, 2026. Refunds or fund unblocking and credit of shares to demat accounts are scheduled for August 24, 2026. The shares are expected to be listed on BSE and NSE on or about August 25, 2026.
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