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Shankesh Jewellers IPO fully subscribed on Day 3: Check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on August 20, 2026, 11:06 IST

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SUMMARY

The ₹367.18-crore Shankesh Jewellers IPO, with a price band of ₹88-₹93 per equity share, comprises a fresh issue of ₹274.18 crore and an offer- for-sale (OFS) of ₹93 crore by promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain.

Shankesh Jewellers manufactures and provides customised handcrafted gold jewellery. | Image: shankeshjewellers.com

Shankesh Jewellers manufactures and provides customised handcrafted gold jewellery. | Image: shankeshjewellers.com

The initial public offering of Shankesh Jewellers Ltd was fully subscribed on the final day of bidding on Thursday, August 20.

The issue received bids for 3,11,85,280 shares compared to 2,76,37,400 shares on offer, according to the NSE data until 11:05 am.

The non-institutional investors bid for 97% of the shares reserved for them. The retail portion was subscribed 1.41 times, while the qualified institutional buyers category was booked 76%.

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The ₹367.18-crore IPO, with a price band of ₹88-₹93 per equity share, comprises a fresh issue of ₹274.18 crore and an offer- for-sale (OFS) of ₹93 crore by promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain.

Proceeds from the fresh issue will be utilised for repayment of borrowings, funding working capital needs and general corporate purposes.

Shankesh Jewellers manufactures and provides customised handcrafted gold jewellery such as bangles, chokers, jhumkas, bridal jewellery, necklace sets, rings and mangalsutras.

Its clients include Joyalukkas India, PN Gadgil & Sons, Kalyan Jewellers India, Bhima Jewellery Madurai, PN Gadgil Jewellers, Manoj Vaibhav Gems ‘N’ Jewellers, Novel Jewels (Aditya Birla Group), Hari Prasad Gopi Krishna Saraf, DP Abhushan and Vysyaraju Jewellers, among others.

Shankesh Jewellers IPO allotment and listing date

Shankesh Jewellers IPO allotment status is expected to be finalised on Friday, August 21. The stock will hit the bourses on Tuesday, August 25.

Lalithaa Jewellery IPO allotment: How to check status online on NSE, BSE, MUFG Intime India; listing date, time revealed

How to check Shankesh Jewellers IPO allotment status on NSE

Steps to check Shankesh Jewellers IPO allotment status on KFin Technologies

  • Go to this page: https://ipostatus.kfintech.com/
  • Pick 'Horizon Industrial Parks Limited' from the public offers
  • Identify yourself using PAN, IPO application number or Demat account number
  • Hit the ‘Submit’ button
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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