The shares of Shankesh Jewellers will be in focus on August 25 as the company makes its stock market debut. Following a modest response during its initial public offering (IPO), investors are keenly tracking grey market trends ahead of the listing on the NSE and BSE.
Here is a quick look at the Shankesh Jewellers IPO details ahead of its debut.
Shankesh Jewellers IPO Expected Listing Price
As of August 24, the latest Shankesh Jewellers IPO GMP stands at Rs 2. Factoring in the upper price band of Rs 93, the estimated Shankesh Jewellers IPO listing price is Rs 95 per share.
This implies a potential listing premium of 2.15% over the issue price, according to the InvestorGain website.
(Note: GMP is an unofficial market metric based on speculation and does not guarantee the actual listing price.)
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Shankesh Jewellers IPO Final Subscription Status
The Shankesh Jewellers IPO received a moderate response, getting oversubscribed 2.80 times following the conclusion of its three-day bidding period on August 20.
The category-wise subscription breakdown is as follows:
- Qualified Institutional Buyers (QIBs): Booked 1.32 times
- Non-Institutional Investors (NIIs): Booked 5.68 times
- Retail Investors: Booked 2.42 times
The share allotment for the Shankesh Jewellers IPO was successfully finalised on August 21, 2026.
Shankesh Jewellers IPO Listing Date
Shares of Shankesh Jewellers will commence trading on the NSE and BSE, with the tentative listing date fixed for August 25, 2026.
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Shankesh Jewellers IPO Details
The Shankesh Jewellers IPO is a book-built issue totalling Rs 367.18 crore. The public offer comprises:
Fresh Issue: 2.95 crore equity shares worth Rs 274.18 crore
Offer for Sale (OFS): 1 crore equity shares worth Rs 93 crore
The price band for the issue was set between Rs 88 to Rs 93 per share.
The lot size for an application was 160 shares, meaning retail investors required a minimum investment of Rs 14,880 at the upper end of the price band. Aryaman Financial Services Ltd. served as the book-running lead manager, and Kfin Technologies Ltd. is the registrar of the issue.
Shankesh Jewellers IPO: Use Of Proceeds
The company plans to utilise the net proceeds from the fresh issue primarily for the following objectives:
- Debt Reduction: Repayment or pre-payment, in full or part, of certain borrowings (Rs 158 crore).
- Working Capital: Funding the operational working capital requirements of the company (Rs 38 crore).
- General Corporate Purposes: The remaining balance will be allocated for standard corporate needs.
Disclaimer: Investments in IPOs are subject to market risks. Investors should read the red herring prospectus carefully and consult a financial adviser before making investment decisions.
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