Shankesh Jewellers listing price: stock debuts at 11% premium on NSE, BSE
- 25th August 2026
- 10:30 AM
- 3 min read
Summary
Shankesh Jewellers shares listed on the NSE and BSE on 25 August 2026, debuting at an 11.08% and 9.89% premium over the ₹93 issue price. The ₹367.18-crore IPO was subscribed 2.80 times overall, led by non-institutional investor demand, comfortably ahead of the grey market's pre-listing estimate.Mumbai | 25 August 2026
Shankesh Jewellers, a B2B handcrafted gold jewellery company, listed its shares on the NSE and BSE on 25 August 2026. The stock opened at ₹103.30 on the NSE, an 11.08% premium to the ₹93 issue price, and at ₹102.20 on the BSE, a 9.89% premium.
What was Shankesh Jewellers’ post-listing trading range?
Shankesh Jewellers’ post-listing market capitalisation stood at ₹1,472.81 crore. On the NSE, the stock touched an intraday high of ₹111.00 and a low of ₹94.60, and was trading at ₹97.26, up ₹4.26 (4.58%), as of 1.05 pm, with volumes of over 8.04 crore shares. On the BSE, the stock touched a high of ₹110.99 and a low of ₹94.59, and was trading at ₹97.20, up ₹4.20 (4.52%), with volumes of over 53.94 lakh shares.
How did the GMP compare with the actual listing gain?
The grey market premium (GMP) for Shankesh Jewellers stood at ₹2.75 as of 9.36 am on 25 August 2026, implying an expected listing gain of 2.96% over the ₹93 issue price, or an estimated listing price of ₹95.75. The stock’s actual NSE debut at ₹103.30 exceeded this grey market estimate.
GMP is an unofficial, informal indicator and does not guarantee the actual listing price or future performance of the stock.
What was the final subscription status of the IPO?
The Shankesh Jewellers IPO was subscribed 2.80 times overall by the close of bidding at 6.54 pm on 20 August 2026, the final day of the three-day issue. Non-institutional investors led demand, followed by retail investors and qualified institutional buyers.
| Category | Subscription |
| QIB (ex-anchor) | 1.32x |
| NII | 5.68x |
| bNII (above ₹10 lakh) | 5.29x |
| sNII (below ₹10 lakh) | 6.46x |
| Retail | 2.42x |
| Total | 2.80x |
About Shankesh Jewellers
Shankesh Jewellers is a B2B handcrafted gold jewellery company with over three decades of experience, operating an asset-light model supported by 72 jobworkers and a pan-India network of jewellery retailers. It offers 22-karat and 18-karat gold jewellery, including traditional, bridal and customised designs.
The company’s revenue grew at a 24% CAGR to ₹1,631 crore between FY24 and FY26, while EBITDA rose to ₹158 crore and profit after tax to ₹107 crore. Its EBITDA margin improved from 2.7% to 9.7% over the same period.
Proceeds from the fresh issue will go towards repayment or pre-payment of borrowings, funding working capital requirements and general corporate purposes.
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