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Shares of newly listed Shankesh Jewellers have attracted strong investor attention after the stock witnessed a sharp rally following its market debut. The jewelry company, which listed on the stock exchanges on August 25, has seen its shares trade significantly above the IPO issue price of Rs. 93.
Shankesh Jewellers’ shares made a strong debut on the stock market, opening at Rs. 103.30 on the NSE, representing an 11.08% premium over the issue price. The stock had touched a high of Rs. 110.99 on the BSE on its listing day.
The company’s IPO received an overall subscription of 2.80 times. The issue was open from August 18 to August 20, 2026, with a price band of Rs. 88-Rs. 93 per share.
The IPO comprised a fresh issue of Rs. 274.18 crore and an offer for sale of Rs. 93 crore, taking the total issue size to Rs. 367.18 crore.
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Shankesh Jewellers is engaged in the business of handcrafted gold jewelry and provides customization services to its clients. The company manufactures customized 22-karat and 18-karat gold jewelry.
The company has also reported a significant improvement in its financial performance. Its revenue stood at Rs. 1,630.93 crore in FY2026, compared with Rs. 1,403.94 crore in FY2025. Net profit rose to Rs. 106.68 crore in FY2026 from Rs. 40.31 crore in FY2025.
The IPO attracted demand across investor categories, with the overall issue subscribed 2.80 times. The retail portion was subscribed 2.42 times, while the non-institutional investor category was subscribed 5.68 times. The qualified institutional buyer portion received 1.32 times subscription.
Shankesh Jewellers fixed its IPO price at the upper end of the Rs. 88-Rs. 93 price band. The minimum retail investment was Rs. 14,880 for one lot of 160 shares.
