August 18, 2026: Mumbai-based jewellery wholesaler Shankesh Jewellers Limited has opened its Initial Public Offering (IPO) for subscription today. The company is looking to raise approximately ₹367.18 crore through the public issue. The IPO will remain open until August 20, 2026.
The IPO has attracted investor attention as the company enters the primary market at a time when India’s IPO market remains active, with several companies launching public issues this week.
Shankesh Jewellers IPO Price Band
The company has fixed the IPO price band at ₹88 to ₹93 per equity share. The minimum lot size is 160 shares.
At the upper price band of ₹93 per share, a retail investor would need approximately ₹14,880 to apply for one lot.
₹367.18 Crore IPO Details
The total issue size is approximately ₹367.18 crore. This includes a fresh issue of around ₹274.18 crore and an Offer for Sale (OFS) component of approximately ₹93 crore.
The IPO is a book-built issue and the company’s shares are proposed to be listed on both the NSE and BSE.
Shankesh Jewellers IPO Opens Today
The public issue opened for subscription on August 18 and will close on August 20, 2026.
After the subscription period, the tentative basis of allotment is expected on August 21, while the shares are proposed to be listed on August 25, 2026.
Investors should note that IPO timelines can change depending on the final issue process.
What Does Shankesh Jewellers Do?
Shankesh Jewellers is a Mumbai-based B2B jewellery business involved in the manufacturing and wholesale of jewellery, with a focus on handcrafted gold jewellery and customised products.
The company’s business model is primarily focused on supplying jewellery to other businesses rather than operating solely as a consumer-facing retail jewellery chain.
Shankesh Jewellers IPO GMP
The Grey Market Premium (GMP) is also being monitored by investors on the opening day. The latest available reports indicate a relatively muted GMP of around ₹2 per share. At the upper IPO price of ₹93, this would imply an indicative grey-market price of around ₹95.
However, investors should remember that GMP is unofficial and unregulated. It can change quickly and does not guarantee the actual listing price or future performance of the stock.
IPO Subscription Status
The IPO received early bids on its opening day, with subscription numbers expected to change throughout August 18 as more investors participate.
Latest reports showed the issue moving through the subscription process during the day, with retail and non-institutional investors participating in the offering.
Investors should check the latest exchange or registrar data for the final subscription figures before making any decision.
Anchor Investors Show Interest
Before the public issue opened, Shankesh Jewellers reportedly raised around ₹110.15 crore from anchor investors.
Anchor participation can provide an indication of institutional interest before the IPO opens for retail and other investors, although it should not be considered a guarantee of future stock performance.
What Should Investors Check Before Applying?
Investors should look beyond the GMP and initial market excitement before applying for an IPO.
Some important factors to consider include:
- Revenue and profit growth
- Company valuation
- Working capital requirements
- Debt levels
- Gold price movements
- Jewellery industry conditions
- Customer and supplier concentration
- Business expansion plans
- Risks mentioned in the IPO documents
The jewellery industry can be affected by gold prices, consumer demand and changes in working-capital requirements. Therefore, investors should carefully study the company’s financial performance and risk factors.
When Will Shankesh Jewellers Shares Be Listed?
The IPO is scheduled to close on August 20, 2026. The tentative allotment date is August 21, followed by the proposed listing on NSE and BSE on August 25, 2026.
Investors who receive an allotment will see the shares credited to their demat accounts before the proposed listing date.
Conclusion
The Shankesh Jewellers IPO opened today, August 18, 2026, with a total issue size of approximately ₹367.18 crore and a price band of ₹88–₹93 per share.
The Mumbai-based jewellery company is looking to raise fresh capital through the issue, while the IPO also includes an OFS component. With the IPO open until August 20, investors will be watching subscription figures, GMP trends and institutional participation closely.
However, GMP and subscription numbers alone should not be used to make an investment decision. Investors should evaluate the company’s fundamentals, valuation and associated risks before applying.
FAQs
1. When did Shankesh Jewellers IPO open?
Shankesh Jewellers IPO opened for subscription on August 18, 2026.
2. What is the Shankesh Jewellers IPO price band?
The price band has been fixed at ₹88 to ₹93 per share.
3. What is the total size of Shankesh Jewellers IPO?
The IPO size is approximately ₹367.18 crore.
4. What is the minimum investment required?
The minimum lot size is 160 shares, requiring approximately ₹14,880 at the upper price band.
5. When will Shankesh Jewellers IPO close?
The IPO is scheduled to close on August 20, 2026.
