Shankesh Jewellers IPO GMP History | Listing Price ₹103.3 & Kostak Rate
Shankesh Jewellers IPO has been listed on August 25, 2026 at a listing price of ₹103.3, against the issue price of ₹93 — a gain of ₹10.3 (+11.08%). The GMP peaked at ₹8 on 13 August 2026 and reached a low of ₹1 on 21 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Shankesh Jewellers IPO raised ₹367.18 Cr. through its IPO at a price band of ₹88 to ₹93 per share, with a lot size of 160 shares. The IPO was open for subscription from 18 Aug 2026 to 20 Aug 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 8 Sep, 1:37 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 25 Aug 2026 | ₹ 2.75 | — | 2.96% | ₹ 0 | ₹ 0 |
| 24 Aug 2026 | ₹ 2.75 | ▲ | 2.96% | ₹ 0 | ₹ 0 |
| 23 Aug 2026 | ₹ 2 | — | 2.15% | ₹ 0 | ₹ 0 |
| 22 Aug 2026 | ₹ 2 | ▲ | 2.15% | ₹ 0 | ₹ 0 |
| 21 Aug 2026 | ₹ 1 | ▼ | 1.08% | ₹ 0 | ₹ 0 |
| 20 Aug 2026 | ₹ 5 | ▲ | 5.38% | ₹ 0 | ₹ 0 |
| 19 Aug 2026 | ₹ 2.5 | ▼ | 2.69% | ₹ 0 | ₹ 0 |
| 18 Aug 2026 | ₹ 5 | ▲ | 5.38% | ₹ 0 | ₹ 0 |
| 17 Aug 2026 | ₹ 2 | ▼ | 2.15% | ₹ 0 | ₹ 0 |
| 16 Aug 2026 | ₹ 5 | ▼ | 5.38% | ₹ 0 | ₹ 0 |
| 15 Aug 2026 | ₹ 6 | — | 6.45% | ₹ 0 | ₹ 0 |
| 14 Aug 2026 | ₹ 6 | ▼ | 6.45% | ₹ 0 | ₹ 0 |
| 13 Aug 2026 | ₹ 8 | ▲ | 8.60% | ₹ 0 | ₹ 0 |
| 12 Aug 2026 | ₹ 7 | — | 7.53% | ₹ 0 | ₹ 0 |
Shankesh Jewellers IPO dates
Key dates from opening to listing. Today is 25 September.
- Open 18 Aug 2026
- Close 20 Aug 2026
- Allotment 21 Aug 2026
- Refund/credit 24 Aug 2026
- Listing 25 Aug 2026
Shankesh Jewellers IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹93 |
|---|---|
| GMP-based estimate (pre-listing) | ₹95 (+2.2%) |
| Listing gain / loss | +₹10.3 per share |
| Listing date | 25 Aug, 2026 |
| Actual listing price | ₹103.3 (+11.08%) |
Is Shankesh Jewellers IPO GMP reliable?
Grey market premium for Shankesh Jewellers IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Shankesh Jewellers IPO full review for a fundamentals-based assessment before making any grey market trades.
Shankesh Jewellers IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Shankesh Jewellers IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Shankesh Jewellers IPO
Shankesh Jewellers Limited was started in 2005. The company makes handmade gold jewellery on order. It works mainly in 22 karat and 18 karat gold and makes bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings and full sets in antique, semi antique, Calcutta, temple and gheru polish designs.
The company does not sell to the public directly. It supplies across India to other jewellers, including well known names such as Joyalukkas, P. N. Gadgil & Sons, Kalyan Jewellers, Novel Jewels of the Aditya Birla Group and Manoj Vaibhav Gems N Jewellers. It also does job work, where the client gives the gold and the design and the company only makes the jewellery for a charge.
The company follows an asset light model. It gives the making work to skilled local karigars and jobworkers, and keeps design, gold sourcing, quality check and delivery in its own hands. All jewellery is BIS hallmarked. As on 31 May 2026 the company had 46 permanent employees and worked with 72 jobworkers.
Frequently asked
What is the GMP of Shankesh Jewellers IPO?
The current Grey Market Premium (GMP) of Shankesh Jewellers IPO is ₹ 2.75.
What is the Kostak Price of Shankesh Jewellers IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Shankesh Jewellers IPO is currently not available.
What is the Subject to Sauda Price of Shankesh Jewellers IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Shankesh Jewellers IPO?
Shankesh Jewellers IPO listed on August 25, 2026 at ₹103.3, against the issue price of ₹93 — a gain of +11.08%.
How did the GMP of Shankesh Jewellers IPO trend before listing?
The GMP of Shankesh Jewellers IPO was stable in its final days before listing. The GMP peaked at ₹8 on 13 August 2026. View the day-wise table above for the complete GMP history.
Explore Shankesh Jewellers IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
