Shankesh Jewellers IPO
Shankesh Jewellers Limited (SHANKESH) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 25 August 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.4% (likely range -11% to +5%), day's high 0.0%, chance of a gain 49%. Actual: +11.1% at the open, +19.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 78,96,400 | 1,03,92,160 | 1.32x | |
| NII (HNI) total | 59,22,300 | 3,36,16,960 | 5.68x | |
| Big NII (above ₹10 lakh) | 39,48,200 | 2,08,69,120 | 5.29x | |
| Small NII (₹2-10 lakh) | 19,74,100 | 1,27,47,840 | 6.46x | |
| Retail | 1,38,18,700 | 3,34,29,280 | 2.42x | |
| Total | 2,76,37,400 | 7,74,38,400 | 2.80x |
Bids on NSE and BSE together, as published by NSE, as of 20 Aug 2026, 07:00 PM. Shares offered exclude the anchor portion. 37% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Shankesh Jewellers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Manoj Vaibhav Gems N JewellersSep 2023 | 1.06x | 5.18x | 1.66x | 2.25x | ₹279 Cr | 0.0% | +3.3% |
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| GlottisOct 2025 | 1.87x | 2.97x | 1.42x | 2.05x | ₹314 Cr | -34.9% | -27.9% |
| Aastha SpintexJul 2026 | 3.30x | 7.62x | 2.33x | 4.64x | ₹240 Cr | -4.4% | +0.4% |
| Arisinfra SolutionsJun 2025 | 1.42x | 3.14x | 5.59x | 2.65x | ₹528 Cr | -7.7% | -6.1% |
| Karda ConstructionsMar 2018 | 1.55x | 3.44x | 2.01x | 2.54x | ₹89.0 Cr | -24.4% | -20.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Aryaman Financial Services | 4 | +11.8% | 100% |
| Smart Horizon Capital Advisors | 3 | -10.5% | 33% |
Offer documents (NSE)
Frequently asked
What is the Shankesh Jewellers IPO price band and lot size? ₹88.0–93.0 per share, with a lot of 160 shares, so the smallest retail bid is ₹14,880.
How many times has it been subscribed? 2.80x overall: QIB 1.32x, NII 5.68x, retail 2.42x.
How did it list? It opened at ₹103, +11.1% against the issue price of ₹93.0, and closed its first day +2.0%.
