IPO Guru
Listed Mainboard Analyst review

Shankesh Jewellers IPO Review

Shankesh Jewellers IPO has been reviewed by 4 analysts, and the overall consensus is Apply — carrying a score of 73. 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. The issue size is ₹367 crore, a mix of fresh issue and offer for sale. 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.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
73/ 100
Apply 2 of 4 recommend subscribing
How analysts voted
Apply 2
Neutral 2
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

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.

How this is written: an AI-assisted summary of the 5 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Shankesh Jewellers IPO?

The analyst consensus for Shankesh Jewellers IPO tracked on this page is Apply, with a score of 73/100. Out of 4 analysts who have reviewed this IPO, 2 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 73 mean for Shankesh Jewellers IPO?

The score of 73 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. Read the individual analyst verdicts above 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.

Explore Shankesh Jewellers IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Shankesh Jewellers IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

Join the WhatsApp channel Full IPO details

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

Consensus
Apply
Score
73 / 100
Listed at
₹103.3
Full IPO details