Summary:
Shankesh Jewellers’ IPO saw a muted Day 1 response, with overall subscription at 0.34x, led by retail investors at 0.50x. QIB participation remained low at 0.03x, while NII subscription stood at 0.37x. With two more days of bidding left, investor demand will be closely watched as the issue approaches its August 20 closing date.
Shankesh Jewellers, the Zaveri Bazar-based handcrafted gold jewellery manufacturer, opened its ₹367.18 crore mainboard IPO for subscription on August 18, 2026. The issue got off to a slow start, subscribed just 0.34 times overall by the end of Day 1, with most categories seeing muted early demand.
Shankesh Jewellers IPO - Day 1 Subscription Status
As of the update on August 18, 2026, the issue received bids for 93,86,080 shares against 2,76,37,400 shares on offer, taking overall subscription to 0.34 times. Retail Individual Investors led the modest demand at 0.50 times, followed by Non-Institutional Investors at 0.37 times, while Qualified Institutional Buyers stayed almost untouched at 0.03 times — typical for Day 1, since institutional bidding usually builds closer to the close of the issue.
Category-wise Breakdown on Day 1
| Category | Shares Offered/Reserved | Shares Bid For | Subscription (x) |
| Qualified Institutional Buyers (QIBs) | 78,96,400 | 2,74,560 | 0.03 |
| Non-Institutional Investors | 59,22,300 | 21,70,400 | 0.37 |
| Retail Individual Investors (RIIs) | 1,38,18,700 | 69,41,120 | 0.50 |
| Total | 2,76,37,400 | 93,86,080 | 0.34 |
What Day 1 Numbers Indicate
Retail investors leading demand on Day 1, while QIB bidding stayed close to zero, is the standard pattern for mainboard IPOs — institutions typically place the bulk of their bids in the closing hours after gauging retail and HNI sentiment. Within the NII category, the above-₹10-lakh bracket (0.43x) outpaced the ₹2–10 lakh bracket (0.24x), suggesting larger applicants moved slightly earlier than smaller HNIs. Overall subscription at just 0.34 times on Day 1 has kept early investor enthusiasm measured ahead of the two remaining bidding days.
Shankesh Jewellers IPO - Allotment and Listing Date
The basis of allotment for Shankesh Jewellers IPO is expected to be finalised on August 21, 2026. Shares are likely to be credited to demat accounts, and refunds initiated, around August 22, 2026, with listing on the BSE and NSE tentatively scheduled for August 25, 2026.
Should You Apply for Shankesh Jewellers IPO?
Incorporated in 2005 and based in Zaveri Bazar, Mumbai, Shankesh Jewellers manufactures customised handcrafted 22-karat and 18-karat BIS Hallmark-certified gold jewellery, with a portfolio spanning bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, and rings across antique, semi-antique, Calcutta, temple, and polish categories. The company serves both corporate and non-corporate clients across India, including established jewellery brands, and also provides custom job work services. Revenue grew from ₹1,403.94 crore in FY25 to ₹1,630.93 crore in FY26, with profit rising from ₹40.31 crore to ₹106.68 crore over the same period.
Investors considering the issue should weigh the company's strong revenue and profit growth, established B2B relationships with jewellery brands, and craftsmanship-driven niche against risks such as gold price volatility, customer concentration in the B2B segment, and intense competition in the handcrafted jewellery manufacturing space. As with any IPO, the decision should be based on individual risk appetite and a review of the RHP rather than subscription numbers .
How to Apply for Shankesh Jewellers IPO
Investors can apply for the Shankesh Jewellers IPO through ASBA via their bank's net banking portal, via UPI-based ASBA through their stock broker's trading app, or offline by submitting a physical ASBA form through their broker. The minimum lot size is 160 shares, requiring a minimum investment of approximately ₹14,880 at the upper price band of ₹93.
Shankesh Jewellers IPO Important Dates
| Event | Date |
| IPO Open Date | August 18, 2026 |
| IPO Close Date | August 20, 2026 |
| Allotment Finalisation | August 21, 2026 |
| Refund Initiation | August 22, 2026 |
| Demat Credit | August 22, 2026 |
| Listing Date | August 25, 2026 |
| Listing Exchanges | BSE, NSE |
How to Check Shankesh Jewellers IPO Subscription Status
How to check Shankesh Jewellers IPO Subscription Status on NSE website
- Visit the NSE IPO issue information page (nseindia.com).
- Search for "Shankesh Jewellers" or enter the symbol SHANKESH.
- Select "Consolidated Bid Details" from the dropdown to view category-wise subscription data.
- The page refreshes periodically to show live bidding figures during market hours.
How to check Shankesh Jewellers IPO Subscription Status on BSE website
- Visit the BSE IPO page (bseindia.com).
- Navigate to the "Active IPO" or "IPO Bidding" section.
- Select "Shankesh Jewellers Limited" from the list of active issues.
- View category-wise and overall subscription figures, updated through the bidding window.
How to check Shankesh Jewellers IPO Subscription Status on Ventura?
Ventura clients can track real-time subscription status for the Shankesh Jewellers IPO directly within the IPO section of the Ventura app or web platform, alongside category-wise bid data and allotment updates — without needing to switch between exchange websites.
Conclusion
Shankesh Jewellers' IPO got off to a quiet start, with Day 1 subscription at 0.34 times, led by retail investors while institutional bidders stayed on the sidelines — the usual pattern for the opening day of a mainboard issue. With two more days of bidding ahead, subscription numbers will need to build significantly to match the demand typically seen in gold jewellery sector IPOs before the issue closes on August 20, 2026.
