Shankesh Jewellers IPO

Shankesh Jewellers Limited is a listed issue, offered in a price band of ₹93 to ₹93 per share, in lots of 160 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹93 – ₹93

Lot size

160 shares

Minimum investment

₹14,880

Issue size

₹367.18 Cr

Fresh issue

₹274.18 Cr

Offer for sale

₹93 Cr

Opens

18 Aug 2026

Closes

20 Aug 2026

Listing date

25 Aug 2026

Registrar

KFIN Technologies Limited

Symbol

SHANKESH

One lot of 160 shares at the upper band price of ₹93 is ₹14,880 — the smallest retail application this issue accepts.

Lead managers: Aryaman Financial Services Limited.

Subscription status

How many times the issue has been applied for, by investor category, as reported by the exchange at 20 Aug 2026, 07:05 pm IST.

Grey market premium (GMP)

Latest reported GMP

₹2

Implied over upper band

2.20%

As of

24 Aug 2026, 07:05 pm IST

How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• The company has strong historical financial results, showing growth in operations and profitability.
• The company has long-term relationships with local jobworkers for crafting jewellery, ensuring quality and timely delivery.
• The company operates on an asset-light business model, leveraging karigars' expertise for jewellery manufacturing.
• The company offers a wide product range of hand-crafted gold jewellery across various categories under one roof.
• The company is committed to quality and customer satisfaction, evidenced by limited product returns.
• The company has experienced promoters and a management team with execution capabilities.
• The company has an established marketing setup and a strong customer base.

Risk factors disclosed in the offer document

• The business and demand for products rely on the success of customers' products with end consumers.
• Jewellery purchases are discretionary and may be negatively impacted by factors affecting discretionary spending.
• A significant portion of revenue is concentrated in the Top 5 states, exposing the company to regional economic, cultural, geopolitical, and local market risks.
• The company operates in a high-value commodity sector with security risks associated with transit and delivery of gold jewellery.
• The company is dependent on third-party jobworkers for production and manufacturing, and disruptions could negatively affect reputation and financial condition.
• The company is subject to strict quality requirements, and failure to comply may adversely affect business prospects and financial performance.
• The company's funding requirements and proposed deployment of Net Proceeds have not been appraised by a bank or financial institution.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (KFIN Technologies Limited) after the issue closes. Track the whole calendar in the IPO Centre.

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