Shankesh Jewellers IPO allotment expected today; GMP signals modest listing gains. Here's how to check your status

Shankesh Jewellers IPO allotment is expected to be finalised today, August 21, giving investors clarity on whether they have been allotted shares in the Rs 367-crore public issue. Investors can check their allotment status online through the IPO registrar’s website, as well as the BSE and NSE portals.

The IPO’s grey market premium (GMP) is currently around 5%, suggesting that the stock could see only a modest gain when it makes its market debut.

Once the allotment is completed, shares allotted to successful applicants are expected to be credited to their demat accounts ahead of the listing. Shankesh Jewellers is scheduled to debut on both the BSE and NSE on August 25, 2026.


The IPO was open for subscription from August 18 to August 20 and received a steady response, with the issue subscribed 2.80 times overall. The retail portion was subscribed 2.42 times, while the qualified institutional buyers (QIBs) category saw 1.32 times subscription. The non-institutional investors (NIIs) segment was subscribed 5.68 times.

The Rs 367.18-crore IPO comprised a fresh issue of 2.95 crore shares worth Rs 274.18 crore and an offer for sale (OFS) of 1 crore shares valued at Rs 93 crore. The issue carried a price band of Rs 88–Rs 93 per share.

Aryaman Financial Services Ltd. served as the book-running lead manager for the issue, while Kfin Technologies Ltd. acted as the registrar.

Investors can verify their allotment through either of the following platforms:

1. Registrar’s Website

• Visit Shankesh Jewellers Allotment page (https://ipostatus.kfintech.com/)
• Select Shankesh Jewellers from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID to view allotment details.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Go to NSE IPO Allotment page
• Select Equity
• Choose Shankesh Jewellers
• Enter your application number and PAN.

3.BSE Website ( https://www.bseindia.com/investors/appli_check)

• Select Equity under issue type.
• Select Shankesh Jewellers from the dropdown.
• Enter your application number OR PAN number.
• And fill the captcha and click search to view allotment.

Financial Performance

Shankesh Jewellers Ltd. delivered a strong financial performance in FY26, with total income rising 16% year-on-year from Rs 1,403.94 crore in FY25 to Rs 1,630.93 crore. The growth reflects a healthy expansion in the Company’s business operations and highlights the continued momentum in its revenue performance. Profitability witnessed a significantly sharper improvement, with Profit After Tax (PAT) surging 165% from Rs 40.31 crore in FY25 to Rs 106.68 crore in FY26.

About Shankesh Jewellers Ltd.

Incorporated in 2005, Shankesh Jewellers Limited is engaged in the business of manufacturing and supplying customised handcrafted gold jewellery. The company specialises in 22-karat and 18-karat gold jewellery and offers a wide product portfolio comprising bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings and combined sets across categories such as antique, semi-antique, Calcutta, temple, gheru polish, and yellow gold, rhodium and rose gold jewellery.

The company distributes its products across India to both corporate and non-corporate clients. Its clientele includes established jewellers such as Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), Manoj Vaibhav Gems ‘N’ Jewellers Limited, and other established jewellery houses.

Shankesh Jewellers follows an asset-light business model by engaging skilled local karigars and job workers for production, while managing design, material sourcing and delivery in-house. In addition to product sales, the company also provides job-work services under which clients provide bullion and specific design requirements for manufacturing. The company states that its jewellery is BIS-hallmarked in accordance with applicable regulatory guidelines.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)