Shankesh Jewellers IPO Listing: Shares Make Strong Debut With Double-Digit Premium on NSE and BSE
The Indian primary market has welcomed another prominent player from the gems and jewellery sector, as Shankesh Jewellers officially made its stock market debut today, August 25, 2026. Backed by a healthy investor response during its bidding window between August 18 and August 20, the public issue successfully garnered an overall subscription of 2.80 times. Capitalizing on positive market sentiment, the company's shares opened on a strong note, delivering a lucrative double-digit listing gain for successful IPO allottees across major stock exchanges.
Shankesh Jewellers Listing Price and IPO Details
Shankesh Jewellers shares made their debut on the National Stock Exchange (NSE) at ₹103.30 per share, marking an impressive 11.08 percent premium over the upper issue price of ₹93. Concurrently, on the Bombay Stock Exchange (BSE), the stock listed at ₹102.20 per share, reflecting a solid 9.89 percent premium.
The total IPO valuation stood at ₹367.18 crore, comprising a fresh issue of 29.5 million equity shares worth ₹274.18 crore and an Offer for Sale (OFS) of 10 million shares valued at ₹93 crore. The price band for the public offering was fixed between ₹88 and ₹93 per share, with a minimum retail lot size of 160 shares requiring an investment of ₹14,880. Aryaman Financial Services Limited served as the book-running lead manager, while KFin Technologies acted as the registrar for the issue.
Utilization of Proceeds and Company Business Overview
Founded in 2005, Shankesh Jewellers specializes in manufacturing and supplying customized, hand-crafted 22-carat and 18-carat gold jewellery. Its diverse product portfolio spans bridal sets, necklaces, bangles, chokers, mangalsutras, and rings across antique, Calcutta, temple, and rhodium finishes.
The company intends to deploy the net proceeds from the IPO to strengthen its financial standing and support business expansion. Notably, ₹158 crore from the fundraise will be utilized toward full or partial repayment of outstanding borrowings, significantly reducing debt burdens and improving balance sheet flexibility for future growth.
