- Shankesh Jewellers IPO Key Dates
- Price Band and Lot Size
- Shankesh Jewellers IPO GMP Today
- About Shankesh Jewellers
- Financial Performance
- How to Apply
- Risks to Keep in Mind
- Frequently Asked Questions
- When does Shankesh Jewellers IPO open?
- What is the price band and lot size?
- When will the shares list?
- Who are Shankesh Jewellers’ major clients?
- Final Word
Gold jewellery IPOs tend to draw a particular kind of investor — someone betting not just on a company, but on India’s enduring appetite for gold itself. Shankesh Jewellers, a handcrafted gold jewellery manufacturer with a client list that includes some of the country’s biggest retail jewellery names, is the latest to test that appetite with a ₹367.18 crore issue.
Shankesh Jewellers IPO Key Dates
- IPO Open Date: August 18, 2026
- IPO Close Date: August 20, 2026
- Allotment Date: August 21, 2026
- Listing Date: August 25, 2026 (BSE, NSE)
Price Band and Lot Size
The price band is set between ₹88 and ₹93 per share, with a lot size of 160 shares. That puts the minimum retail investment at roughly ₹14,880 at the top of the band.
| Particulars | Details |
|---|---|
| Price Band | ₹88 – ₹93 |
| Lot Size | 160 shares |
| Minimum Investment (Retail) | ₹14,880 |
| Total Issue Size | ₹367.18 crore |
| Fresh Issue | ₹274.18 crore |
| Offer for Sale | ₹93 crore |
Shankesh Jewellers IPO GMP Today
GMP on this one has stayed on the lower side, moving between ₹0 and roughly ₹7 in the days leading up to the issue — a premium of around 5% or so at the upper end. That’s a fairly restrained number for a jewellery listing, which often see sharper swings depending on how gold prices are trending that week. Worth keeping an eye on this closer to the close date, since jewellery-sector GMP can move quickly with commodity price news.
About Shankesh Jewellers
Incorporated in 2005, Shankesh Jewellers specialises in hand-crafted 22-karat and 18-karat gold jewellery, with an extensive product range spanning bangles, bridal sets, chokers, jhumkas, necklaces, mangalsutras, rings, and more — across styles like antique, semi-antique, Calcutta, and temple designs.
What stands out is the client roster: the company supplies to corporate names such as Joyalukkas India, P. N. Gadgil & Sons, and Kalyan Jewellers, alongside a network of smaller non-corporate jewellers. Rather than running its own large retail footprint, Shankesh operates an asset-light, job-work-driven model — it designs and manufactures, while relying on third-party job workers for parts of the production process.
Financial Performance
Revenue grew 16% year-on-year, but the more eye-catching number is profit after tax, which jumped 165% over the same period. At the offer price, the company is valued at a pre-IPO P/E of roughly 10.24x based on trailing earnings, moving to about 12.81x post-issue once the equity base expands. For a jewellery manufacturer with improving margins and return ratios, that valuation doesn’t look unreasonably stretched compared to some peers in the space.
How to Apply
- Log in to your broker or net-banking IPO portal
- Search for Shankesh Jewellers and select your lots
- Bid within the ₹88–₹93 band
- Confirm via UPI mandate or ASBA
- Check allotment status on August 21, 2026
Risks to Keep in Mind
Jewellery manufacturers face a few recurring risks worth flagging: dependence on gold price movements, working capital intensity (inventory-heavy businesses tend to need a lot of it), and reliance on a concentrated set of large B2B clients. Since Shankesh works largely through job workers rather than owning all its manufacturing, quality control and delivery timelines depend partly on third parties — something to factor into your risk assessment.
Frequently Asked Questions
When does Shankesh Jewellers IPO open?
August 18, 2026, closing on August 20, 2026.
What is the price band and lot size?
₹88 to ₹93 per share, with a lot size of 160 shares.
When will the shares list?
Tentatively on August 25, 2026, on both BSE and NSE.
Who are Shankesh Jewellers’ major clients?
Joyalukkas India, P. N. Gadgil & Sons, and Kalyan Jewellers, among others.
Final Word
Shankesh Jewellers is coming to market with strong recent profit growth and a reasonably grounded valuation, backed by a client base that reads like a who’s who of Indian jewellery retail. The muted GMP suggests the market isn’t pricing in a blockbuster debut, but that’s not necessarily a red flag — it just means investors will want to weigh fundamentals over hype here.