Shankesh Jewellers IPO: Price, Dates, GMP and Full Review

By Kaushik Brahmakshatriya

Published On 20 August 2026.

Shankesh Jewellers IPO

The Shankesh Jewellers IPO has caught investor attention as one of the notable mainboard listings of August 2026. This Mumbai-based handcrafted gold jewellery wholesaler is raising funds through a book-built issue priced between ₹88 and ₹93 per share. With strong return ratios and a growing client base, many investors are asking whether this issue deserves a spot in their portfolio. Here is everything you need to know.

Shankesh Jewellers IPO: Complete Details

Shankesh Jewellers is a well-established manufacturer and wholesale supplier of 22-karat and 18-karat handcrafted gold jewellery, offering bangles, bridal sets, chokers, jhumkas, necklaces, mangalsutras and rings. The company has built long-standing relationships with major names like Joyalukkas India, Kalyan Jewellers, PN Gadgil & Sons and Novel Jewels, giving it a steady base of repeat business.

The Shankesh Jewellers IPO is a book-built issue worth ₹367.18 crore, made up of a fresh issue of ₹274.18 crore and an offer for sale of ₹93 crore. The subscription window opened on August 18, 2026 and closed on August 20, 2026, with allotment expected on August 21 and listing on BSE and NSE scheduled for August 25, 2026.

IPO Price Band, Lot Size & Important Dates

Financials Performance and GMP Trend

On the financial front, the company reported revenue of ₹1,630.93 crore in FY26 compared to ₹1,403.94 crore in FY25, while net profit rose sharply to ₹106.68 crore from ₹40.31 crore a year earlier. At the upper price band, Shankesh Jewellers is valued at a post-issue P/E of around 12.82 times, notably below the industry average, with an FY26 ROE of 50.94% and ROCE of 41.57%. As of August 19, 2026, the grey market premium (GMP) for the Shankesh Jewellers IPO stood near ₹3 per share, indicating a modest expected listing gain over the upper band. Analysts have flagged high working-capital needs and product returns, which touched 7.22% of revenue in FY26, as key risk factors to watch.

FAQs on Shankesh Jewellers IPO

Q1. What is the price band of the Shankesh Jewellers IPO?

The price band is fixed at ₹88 to ₹93 per equity share.

Q2. When will the Shankesh Jewellers IPO list on the stock exchange?

The tentative listing date is August 25, 2026, on both BSE and NSE.

Q3. What is the minimum investment required for retail investors?

Retail investors need to invest a minimum of ₹14,880 for one lot of 160 shares at the upper price band.

Q4. What is the current GMP of the Shankesh Jewellers IPO?

As of the latest update, the grey market premium is around ₹3 per share.

Q5. Who is the registrar for this IPO?

Kfin Technologies Ltd. is handling the allotment process as the official registrar.

Conclusion

The Shankesh Jewellers IPO offers exposure to a fast-growing, capital-efficient player in India’s gold jewellery wholesale segment. Strong revenue growth, healthy return ratios and reasonable valuation compared to listed peers make it an interesting long-term option. However, investors should weigh risks like high working-capital dependency and rising product returns before applying, and track post-listing performance closely.

Disclaimer: This article is for informational purposes only and should not be treated as investment advice. Please consult a financial advisor before investing in any IPO.