Shankesh Jewellers IPO Subscription Day 2: Live Updates Today & Key Details

Shankesh Jewellers IPO is now in its second day of bidding, August 19, 2026. Incorporated in 2005 and based out of Zaveri Bazaar, Mumbai, the company is a B2B wholesaler of handcrafted gold jewellery, designing and supplying 22-karat and 18-karat products to corporate and non-corporate jewellers across India. It specialises in bangles, bridal jewellery, chokers, jhumkas, necklace sets, and rings across antique, semi-antique, Calcutta, temple, and polish categories, operating an asset-light model where it acts as principal contractor for design and sourcing while outsourcing production to a network of jobworkers and karigars, alongside job-work orders where clients supply their own bullion and designs.

This is a ₹367.18 crore IPO, made up of a fresh issue of ₹274.18 crore and an offer for sale of ₹93 crore. Part of the money raised goes into the business, while the rest goes to existing shareholders selling part of their stake.

Price band is ₹88 to ₹93 per share. Lot size is 160 shares, so retail investors need ₹14,880 to apply at the upper end. The issue closes today, August 20, and listing is expected August 25 on both BSE and NSE.

Shankesh Jewellers IPO - Day 2 Subscription Status

Day 1 closed with the issue subscribed just 0.05 times overall, a very slow opening. Demand has picked up somewhat by Day 2's afternoon, with the overall figure climbing to 0.67x.

Category-wise Breakdown on Day 2

Figures as of 4:31 PM, August 19, 2026 (Day 2, NSE bid details). The issue received bids for 1.84 crore shares against 2.78 crore shares on offer.

What Day 2 Numbers Indicate

Retail has moved fastest, now at 0.85x, still short of full subscription but the strongest of the categories so far. QIB has also picked up meaningfully, from a very slow Day 1 to 0.58x by Day 2's afternoon. Within NII, small HNIs (0.71x) are running well ahead of big HNIs (0.19x), a fairly typical early pattern before bigger-ticket money commits closer to the close.

Overall subscription at 0.67x by Day 2's afternoon shows the issue building steadily, though it still has meaningful ground to cover before closing today. Grey market sentiment has also cooled through the run-up to this issue, moderating from higher levels earlier in the week. Given the company's strong FY26 financial performance, revenue rose to ₹1,630.93 crore from ₹1,403.94 crore in FY25, with profit surging to ₹106.68 crore from ₹40.31 crore, there's a solid underlying business case, though this slower-than-usual bidding pace through Day 2 suggests investors may be more cautious than the fundamentals alone would suggest.

Shankesh Jewellers IPO - Allotment and Listing Date

Should You Apply for Shankesh Jewellers IPO?

A few things worth weighing before you decide:

• It's a mix of fresh issue and offer for sale, with ₹274.18 crore of the ₹367.18 crore raise going into the business, while ₹93 crore goes to existing shareholders selling part of their stake.
• FY26 revenue rose to ₹1,630.93 crore from ₹1,403.94 crore in FY25, with profit surging to ₹106.68 crore from ₹40.31 crore, a striking pace of growth.
• The company operates an asset-light B2B wholesale model, supplying handcrafted gold jewellery to jewellers across India rather than selling directly to consumers, a distinct positioning within the broader jewellery sector.
• Promoter and promoter group holding will come down from 95.48% to 69.53% after the issue.
• Bidding has stayed comparatively slow through Day 1 and into Day 2, worth watching closely as the issue heads into its final hours today.

This is informational content, not investment advice. Weigh your own risk appetite before applying.

How to Apply for Shankesh Jewellers IPO

You can apply through any of these routes:

1. ASBA via net banking – log into your bank's net banking, go to the IPO section, select Shankesh Jewellers, enter quantity and bid price, then authorise.
2. UPI via broker app – open your broker app, find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
3. Physical ASBA form – submit through your bank branch if you prefer the offline route.

Since this is the closing day, get your application in well before the cut-off this evening. Bid in multiples of the 160-share lot, and apply at the cut-off price to keep your allotment chances intact.

Shankesh Jewellers IPO Important Dates

How to Check Shankesh Jewellers IPO Subscription Status

How to check Shankesh Jewellers IPO Subscription Status on NSE website

1. Go to the NSE India website and open the "Live IPO Bidding" section.
2. Select Shankesh Jewellers Limited from the dropdown.
3. You'll see category-wise bid numbers, updated through the trading day.

How to check Shankesh Jewellers IPO Subscription Status on BSE website

1. Visit the BSE India IPO page.
2. Search for Shankesh Jewellers under active issues.
3. Click on it to view live bid quantity against shares reserved, split by category.

How to check Shankesh Jewellers IPO Subscription Status on Ventura?

Log into your Ventura account, go to the IPO section, and select Shankesh Jewellers from the list of live issues. You'll find the live subscription numbers along with your own application status if you've already applied.

IPO Subscription History

Previous Day Subscription

Day 1 closed with the issue subscribed just 0.05 times overall, indicating bidding was still at an early stage on the opening day.

Final Subscription Figures

Final numbers will only be available once bidding closes today, August 20, 2026. Check back after the window shuts for the complete category-wise final tally.

Conclusion

Shankesh Jewellers' IPO has picked up pace through Day 2, moving from a very slow 0.05x at Day 1's close to 0.67x by the afternoon, with retail leading at 0.85x and QIB following at 0.58x. NII remains the more measured category at 0.38x. With strong FY26 financial growth behind the business, though a comparatively subdued bidding pace so far, this is one to watch closely as it heads into its final hours of bidding today, ahead of the August 20 close.