Shankesh Jewellers IPO Day 2 on 19 August: Price Rs 88-93, Closes Tomorrow

The the issue is in its second day of subscription on 19 August 2026, with investors having until 20 August 2026 to apply. Priced at Rs 88 to Rs 93 per share with a lot size of 160 shares, the the issue is a Rs 367.18 crore mainboard issue comprising a fresh issue of Rs 274.18 crore and an offer for sale of Rs 93 crore by existing shareholders. Retail investors can apply for a minimum of 1 lot (160 shares) at Rs 14,880. The tentative listing date is August 25, 2026, on NSE and BSE.

Shankesh Jewellers manufactures customised handcrafted gold jewellery in the 22-karat and 18-karat segments, operating in the B2B space by supplying to established jewellery retail brands and corporate clients. With Day 2 of the the issue subscription in progress today, investors who missed Day 1 now have their last extended opportunity to evaluate and apply. Ankit Jaiswal of Univest has flagged the the issue for monitoring given the company's established B2B handcrafted jewellery positioning in a growing gold jewellery market. The Sensex was down 0.40% on 19 August.

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Shankesh Jewellers IPO Key Details

Parameter	Details
Price Band	Rs 88 to Rs 93 per share
Lot Size	160 shares
Minimum Investment (Retail)	Rs 14,880 at upper band (1 lot)
Issue Size	Rs 367.18 crore
Fresh Issue	~2.95 crore shares (Rs 274.18 crore)
Offer for Sale (OFS)	1 crore shares (Rs 93 crore)
Subscription Day	Day 2 (of 3)
Issue Close	20 August 2026 (Tomorrow)
Allotment Date	21 August 2026
Listing Date (Tentative)	25 August 2026 (NSE + BSE)
Lead Managers	Aryaman Financial Services + Smart Horizon Capital
Registrar	Kfin Technologies Ltd

Verify all the issue details from the SEBI-approved RHP before investing.

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About Shankesh Jewellers

Shankesh Jewellers Limited, incorporated in 2005, is a B2B manufacturer of customised handcrafted gold jewellery catering to established jewellery brands and corporate clients across India. The company specialises in 22-karat and 18-karat gold products including bangles, bridal sets, chokers, jhumkas, necklace sets, and mangalsutras, across traditional categories such as antique, semi-antique, Calcutta, temple, and polish styles. The B2B model differentiates Shankesh Jewellers from retail-facing jewellery companies, providing greater stability through bulk institutional orders.

Shankesh Jewellers IPO Day 2: Key Considerations

Day 2 Subscription: Monitor Institutional Demand

With Day 2 of the the issue subscription underway, investors should track QIB (Qualified Institutional Buyer) demand as a key indicator of the issue's quality. Strong QIB interest in a mainboard IPO on Day 1 or 2 typically signals institutional conviction in the business model and valuation. Check official NSE and BSE subscription data throughout the day for real-time updates on the the issue response.

Gold Jewellery Manufacturing B2B Moat

Handcrafted gold jewellery manufacturing, particularly for established retail brands, requires specialised craftsmanship, reliable quality control, and strong client relationships. Shankesh Jewellers' two-decade-plus track record in this space creates switching costs for institutional clients who depend on consistent, customised quality. For the issue investors, this B2B moat is a key valuation consideration in a sector where consumer jewellery retail dominates listed market peers.

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Conclusion

The the issue is on Day 2 of subscription on 19 August 2026, with the window closing on 20 August. The the issue is priced at Rs 88-93, lot size 160 shares, minimum investment Rs 14,880, total size Rs 367.18 crore, and tentative listing on NSE and BSE on 25 August. Investors who missed Day 1 have today and tomorrow to apply. Read the RHP and consult a SEBI-registered financial advisor before applying.

Download the Univest iOS App or Univest Android App to track the the issue subscription status live and receive jewellery sector research from Univest.

Frequently Asked Questions on Shankesh Jewellers IPO

What is the Shankesh Jewellers IPO price band and lot size?

Ans. The the issue price band is Rs 88 to Rs 93 per equity share. The lot size is 160 shares. At the upper price band of Rs 93, the minimum retail investment for 1 lot (160 shares) is Rs 14,880. The Shankesh Jewellers IPO opened on August 18, 2026, and will close on August 20, 2026. Today, 19 August 2026, is Day 2 of the 3-day subscription window.

What does Shankesh Jewellers do?

Ans. Shankesh Jewellers Limited is a B2B manufacturer and provider of customised handcrafted gold jewellery, specialising in 22-karat and 18-karat gold products. The company's portfolio includes bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, and rings across antique, semi-antique, Calcutta, temple, and polish categories. Incorporated in 2005, the company serves established jewellery brands and corporate clients across India.

What is the Shankesh Jewellers IPO issue size?

Ans. The Shankesh Jewellers IPO is a Rs 367.18 crore book-built issue comprising a fresh issue of approximately 2.95 crore shares worth Rs 274.18 crore and an offer for sale of 1 crore shares worth Rs 93 crore. Proceeds from the fresh issue will fund the company's working capital, expansion, and general corporate purposes. The OFS proceeds go to the selling shareholders.

When is the Shankesh Jewellers IPO listing date?

Ans. The Shankesh Jewellers IPO tentative listing date is August 25, 2026, on both NSE and BSE. Allotment is expected to be finalised on August 21, 2026, with shares credited on the same day. Today, 19 August 2026, is Day 2 with one day remaining in the subscription window that closes on August 20, 2026.

Who are the lead manager and registrar for Shankesh Jewellers IPO?

Ans. Aryaman Financial Services Limited and Smart Horizon Capital Advisors Private Limited are the book-running lead managers for the Shankesh Jewellers IPO. Kfin Technologies Limited is the registrar. Allotment status can be checked on Kfin Technologies' website using PAN, application number, or demat account details after August 21, 2026.

What is the Shankesh Jewellers IPO subscription status on Day 2?

Ans. Investors should check the live Shankesh Jewellers IPO subscription status on NSE (nseindia.com) and BSE (bseindia.com) under the IPO section, which updates in real time throughout the trading day. The subscription data for Day 1 (August 18) shows early demand across investor categories. Verify the latest Day 2 subscription figures from official exchange sources.

Should I apply for Shankesh Jewellers IPO on Day 2?

Ans. Investors who have not yet applied to the Shankesh Jewellers IPO have one more day after today to submit their application, as the issue closes on August 20, 2026. Evaluate the company's handcrafted gold jewellery B2B model, FY26 financials, and valuation at Rs 88-93 per share against listed jewellery sector peers before applying. Ankit Jaiswal of Univest has flagged the Shankesh Jewellers IPO for monitoring. Consult a SEBI-registered financial advisor.