Shankesh Jewellers IPO Allotment Expected Today; Check Status Online

MUMBAI — Shankesh Jewellers Limited is set to finalize the basis of allotment for its ₹367.18 crore initial public offering (IPO) on Friday, August 21, 2026. The mainboard issue, which was open for bidding from August 18 to August 20, registered a total subscription of 2.80 times across investor categories. Bidders can track their application status online via the official portal of the issue's registrar, KFin Technologies Limited, as well as on the stock exchange platforms.

Final Subscription Breakdown and Grey Market Indicators

The book-building issue comprised a fresh issue of shares worth ₹274.18 crore and an offer for sale (OFS) component of ₹93 crore. The price band was fixed at ₹88 to ₹93 per share, with a minimum lot size of 160 shares.

Bidding data compiled at the close of the issue reflected steady demand:

• Non-Institutional Investors (NII): Subscribed 5.68 times.

• Retail Individual Investors (RII): Subscribed 2.42 times.

• Qualified Institutional Buyers (QIB): Subscribed 1.32 times.

In the unorganized grey market, the Grey Market Premium (GMP) for Shankesh Jewellers was tracking between ₹3 and ₹4 per share. This indicates an estimated listing price of ₹96 to ₹97, reflecting an expected listing premium of approximately 3.2% to 4.3% over the upper issue price of ₹93. Market analysts note that grey market trends remain informal and subject to broader equity market movement before the official trading debut.

Step-by-Step Guide to Check Allotment Status

Applicants can verify their allotment status online using their Permanent Account Number (PAN), Application Number, or DP ID/Client ID once the share allocation process is complete.

Via Registrar Portal (KFin Technologies Limited):

1. Visit the allotment verification page on the KFin Technologies website.

2. Select Shankesh Jewellers Limited from the dropdown menu of active IPOs.

3. Choose the search parameter: PAN, Application Number, or DP ID/Client ID.

4. Enter the required details alongside the captcha security code.

5. Click Submit to view the allocation status.

Via Stock Exchanges:

• BSE Platform: Go to the IPO Application Status page on the BSE India website, select Equity, choose Shankesh Jewellers, enter the application number or PAN, and click Search.

• NSE Platform: Visit the verification portal on the NSE India website, choose Equity & SME IPO bid details, select the company code, and log in with PAN credentials.

Next Steps for Investors: Refunds, Demat Credit, and Listing Timeline

According to the schedule outlined in the Red Herring Prospectus (RHP):

• Initiation of Refunds / Unblocking of Funds: Monday, August 24, 2026.

• Credit of Shares to Demat Accounts: Monday, August 24, 2026.

• Stock Exchange Listing Date: Tuesday, August 25, 2026.

The shares will list concurrently on both the BSE and the National Stock Exchange (NSE).

Official Statements

"Allotment of equity shares under the initial public offer is being processed in consultation with the designated stock exchanges in accordance with established regulatory guidelines," stated representatives at the registrar desk.

"Funds blocked under the ASBA facility for non-allottees will be unblocked automatically through the respective bank channels on the designated processing date," according to official issue mechanics disclosures.

Why It Matters

The subscription and listing outcome of Shankesh Jewellers serves as an indicator for retail and institutional appetite within the gems and jewellery sector. Net proceeds from the fresh issue portion will be utilized primarily to fund working capital requirements and general corporate needs, providing capital to support ongoing operations and expansion.

Key Facts at a Glance

• Issue Size: ₹367.18 Crore (Fresh Issue: ₹274.18 Cr; OFS: ₹93 Cr)

• Price Band: ₹88 to ₹93 per share

• Overall Subscription: 2.80x (NII: 5.68x, Retail: 2.42x, QIB: 1.32x)

• Registrar: KFin Technologies Limited

• Expected Listing Date: August 25, 2026 (BSE & NSE)

Frequently Asked Questions (FAQ)

What is the expected allotment date for Shankesh Jewellers IPO?

The allotment of shares is expected to be finalized on Friday, August 21, 2026.

Where can I check the Shankesh Jewellers IPO allotment status?

Status can be checked on the official website of the registrar, KFin Technologies, as well as on the BSE India and NSE India portals.

What is the current Grey Market Premium (GMP) for the IPO?

The current GMP ranges between ₹3 and ₹4 per share, signaling a potential modest listing gain of around 3% to 4% over the issue price of ₹93.

When will unsuccessful applicants receive their refunds?

Refunds or unblocking of ASBA bank account funds will be initiated on Monday, August 24, 2026.

Source: Official regulatory filings on BSE India, public announcements on NSE India, and allotment disclosures from KFin Technologies.