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IPO Listed — 25 Aug 2026

Listing Price: ₹103.3 (+11.08% vs ₹93)

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Shankesh Jewellers

Shankesh Jewellers IPO Review

Shankesh Jewellers IPO has been reviewed by 4 analysts, and the overall consensus is Apply — carrying a score of 79. Out of the 4 analysts who have covered this IPO, 2 recommend subscribing while 2 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹88-93 per share , with a minimum application size of 160 shares (minimum investment of approximately ₹14,880 at the upper band) . Subscription ran from 18 Aug 2026 to 20 Aug 2026. As of now, the grey market premium (GMP) for Shankesh Jewellers IPO is quoting at ₹2.75 (2.96%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

Shankesh Jewellers is a Mumbai based B2B wholesale supplier of hand-crafted gold jewellery, working on an asset-light job-work model and serving retailers across 21 states and four union territories. FY26 income was ₹1,630.93 crore with profit rising sharply to ₹106.68 crore. Among the analysts covering it, two said subscribe, one stayed neutral and one gave no rating.

Listing Gains

The notes value the issue between about 10.2 and 12.8 times FY26 earnings. One reading puts it at a clear discount to a listed peer average of 22.5 times, while another calls it largely at par with peers. That disagreement, alongside a neutral rating, pointed to a modest listing rather than a strong one.

Short Term Strategy

Analysts note profit jumped from ₹40.31 crore to ₹106.68 crore in FY26, and one expects a saving of about ₹14 crore to support FY27 profits. The neutral note preferred to track the company's performance for a few quarters after listing before taking a view, which sums up the cautious near-term stance.

Long Term Strategy

The asset-light model, where manufacturing is outsourced to job workers while design, sourcing and quality control stay in-house, is what the notes credit for scalable growth without heavy capital. The risks they flag are customer concentration, with the top ten customers giving 39 percent of FY26 revenue, and the absence of long-term contracts.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Table of Contents

Analyst Sentiment

Analytical Score

How it's calculated?
Apply
79 / 100

Recommend Subscribe

Based on 4 analyst reviews

2 / 4

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst Verdict View
Adroit Financial Services
Adroit Financial Services
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BP Equities
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SBI Securities
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Neutral
Marwadi Shares & Finance
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May Apply
EquiVision
EquiVision
Not Rated

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Frequently Asked Questions

Should I apply for Shankesh Jewellers IPO?

Based on analyst coverage tracked on this page, the overall verdict for Shankesh Jewellers IPO is Apply. Out of 4 analysts who have reviewed this IPO, 2 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 79 mean for Shankesh Jewellers IPO?

The score of 79 is an aggregate of all analyst ratings tracked for Shankesh Jewellers IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Scroll down to read individual analyst verdicts for more context.

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% (₹10.3 per share). View the full GMP history page for day-wise pre-listing trends.

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

Shankesh Jewellers IPO was priced at ₹88-93 per share. The minimum lot size is 160 shares, making the minimum investment approximately ₹14,880 at the upper end of the price band. Subscription ran from 18 Aug 2026 to 20 Aug 2026.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.