Shankesh Jewellers has grabbed the spotlight on Dalal Street, with its shares surging 18% to a record high after a strong market debut. The newly listed jewelry company has drawn significant investor attention, trading well above its IPO issue price of Rs. 93.
Shankesh Jewellers Share Price Rally
The company listed on stock exchanges on August 25, opening at Rs. 103.30 on the NSE — an 11.08% premium over the issue price. On listing day, the stock touched a high of Rs. 110.99 on the BSE.
IPO Details
The IPO, which was open from August 18 to August 20, 2026, had a price band of Rs. 88–Rs. 93 per share. The issue comprised a fresh issue of Rs. 274.18 crore and an offer for sale of Rs. 93 crore, bringing the total issue size to Rs. 367.18 crore.
The overall subscription stood at 2.80 times. The retail portion was subscribed 2.42 times, the non-institutional investor category 5.68 times, and the qualified institutional buyer portion 1.32 times. The company priced the IPO at the upper end of the price band, with a minimum retail investment of Rs. 14,880 for one lot of 160 shares.
What’s Driving Investor Interest?
Shankesh Jewellers specializes in handcrafted gold jewelry and offers customization services, manufacturing customized 22-karat and 18-karat gold jewelry. The company has also posted a sharp improvement in financial performance, with revenue rising to Rs. 1,630.93 crore in FY2026 from Rs. 1,403.94 crore in FY2025. Net profit jumped to Rs. 106.68 crore in FY2026 from Rs. 40.31 crore in the previous fiscal.
With a strong earnings uptick, robust IPO demand, and growing investor interest, Shankesh Jewellers has quickly become one of the most closely watched new listings on the Street.
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