Shankesh Jewellers made its debut on the Indian stock exchanges on August 25, 2026, with shares listing at a premium to the IPO price of INR 93. The stock opened at INR 103.30 on NSE, representing an 11.08% premium, while the BSE opening price was INR 102.20, a 9.89% premium.

The company’s INR 367.18 crore IPO was open for subscription from August 18 to August 20. The issue was subscribed 2.8 times, with investors bidding for 7.74 crore equity shares against 2.76 crore shares on offer.

The non-institutional investor category recorded the highest subscription at 5.68 times, while the retail portion was subscribed 2.42 times. The IPO had a price band of INR 88-93 per share and a minimum lot size of 160 shares.

The issue comprised a fresh issue of approximately INR 274.18 crore and an offer for sale of up to 1 crore equity shares amounting to around INR 93 crore. The fresh issue proceeds are earmarked for repayment or prepayment of borrowings, working capital requirements and general corporate purposes.

Shankesh Jewellers is a Mumbai-based B2B jewellery manufacturer specialising in customised handcrafted 22-karat and 18-karat gold jewellery. Its product portfolio includes bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings and other jewellery sets.

The company supplies jewellery across India to corporate and non-corporate customers, including Joyalukkas India, P.N. Gadgil & Sons, Kalyan Jewellers India and Novel Jewels, among others.

Ahead of the IPO, Shankesh Jewellers raised INR 110.15 crore from anchor investors at INR 93 per share.