Summary:
Shankesh Jewellers IPO crossed 1.36x subscription by midday on its final bidding day. Retail investors led at 1.59x, followed by NII at 1.25x and QIBs at 1.02x. The IPO closes on August 20, with allotment expected on August 21 and listing on August 25
Shankesh Jewellers IPO entered its third and final day of bidding on August 20, 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.
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, and listing is expected August 25 on both BSE and NSE.
Shankesh Jewellers IPO - Day 3 Subscription Status
Day 2 had carried the issue to 0.67x overall by the afternoon. Demand has continued to build through the final day, with the issue crossing full subscription, standing at 1.36x overall as of midday.
Category-wise Breakdown on Day 3
| Category | Subscription (Day 3, as of 12:12 PM) |
| Qualified Institutional Buyers (QIB) | 1.02x |
| Non-Institutional Investors (NII) | 1.25x |
| — Big NII (>₹10L) | 0.94x |
| — Small NII (₹2–10L) | 1.86x |
| Retail Individual Investors (RII) | 1.59x |
| Overall | 1.36x |
Figures as of 12:12 PM, August 20, 2026 (Day 3, closing day), per NSE data. The issue received bids for 3.75 crore shares against 2.76 crore shares on offer. Numbers will keep climbing through the rest of the day as bidding wraps up this evening.
Recently Listed IPOs:
What Day 3 Numbers Indicate
Retail has moved comfortably past full subscription at 1.59x, the strongest category as the issue heads into its final hours. NII has also crossed full subscription at 1.25x, with small HNIs (1.86x) running well ahead of big HNIs (0.94x), which are still just short of the mark.
QIB has just crossed the line too, at 1.02x, a fairly measured institutional response compared to the more oversubscribed categories, though QIB bids typically continue to build right up until the final cut-off this evening.
With every category now past or right at full subscription by midday on the closing day, and several hours of bidding still remaining, the overall figure has meaningful room to climb further before the window shuts tonight.
Shankesh Jewellers IPO - Allotment and Listing Date
| Event | Date |
| Basis of Allotment | August 21, 2026 |
| Refund Initiation | August 24, 2026 |
| Shares Credited to Demat | August 24, 2026 |
| Listing Date | August 25, 2026 |
Should You Apply for Shankesh Jewellers IPO?
A few things worth weighing on the last day:
- 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.
- With every category now past or right at full subscription by midday on the final day, retail (1.59x), NII (1.25x), and QIB (1.02x), allotment for retail and small HNIs is likely to involve at least some element of lottery, depending on where the numbers land by the close.
- Promoter and promoter group holding will come down from 95.48% to 69.53% after the issue.
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:
- 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.
- 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.
- 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
| Event | Date |
| IPO Open Date | August 18, 2026 |
| IPO Close Date | August 20, 2026 |
| Basis of Allotment | August 21, 2026 |
| Refunds Initiated | August 24, 2026 |
| Demat Credit | August 24, 2026 |
| Listing Date | August 25, 2026 |
How to Check Shankesh Jewellers IPO Subscription Status
How to check Shankesh Jewellers IPO Subscription Status on NSE website
- Go to the NSE India website and open the "Live IPO Bidding" section.
- Select Shankesh Jewellers Limited from the dropdown.
- You'll see category-wise bid numbers, updated through the trading day.
How to check Shankesh Jewellers IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Shankesh Jewellers under active issues.
- 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, a very slow start. Day 2 built up to 0.67x overall by the afternoon, with retail at 0.85x, QIB at 0.58x, and NII at 0.38x.
Final Subscription Figures
Final numbers will only be available once bidding closes this evening, August 20, 2026. Check back after the window shuts for the complete category-wise final tally.
Conclusion
Shankesh Jewellers' IPO has crossed full subscription heading into its final hours, standing at 1.36x overall as of midday on Day 3, up from 0.67x the previous afternoon. Retail leads at 1.59x, NII has moved past full subscription at 1.25x, and QIB has just crossed the line at 1.02x. With several hours of bidding still remaining before tonight's close, expect the final figures to climb further as institutional and HNI investors typically finalise their bids in the closing stretch.
