- Share.Market
- 6 min read
- 20 Aug 2026
Shankesh Jewellers IPO allotment is scheduled for Friday, 21 August 2026. This guide explains when allotment should be visible, where to check it, and what happens after allotment.
Key Takeaways
- Allotment date: expected to be finalised on 21 August 2026, one working day after bidding closes on 20 August.
- Registrar: KFin Technologies Ltd. — check status there first, or via BSE/NSE.
- Listing date: tentatively set for 25 August 2026, since the 22–23 August weekend pushes the timeline back.
- Price band and lot size: ₹88–₹93 per share, in lots of 160 shares.
- Use of proceeds: the ~₹274 crore fresh issue mainly funds debt repayment and working capital; the ₹93 crore offer-for-sale goes entirely to two of the company’s promoters, not the company.
Shankesh Jewellers IPO: Key Details at a Glance
| IPO Name | Shankesh Jewellers Limited |
| Issue Type | Mainboard |
| Listing At | BSE & NSE |
| Price Band | ₹88 – ₹93 per share |
| Face Value | ₹5 per share |
| Lot Size | 160 shares |
| Minimum Retail Investment | ₹14,880 (at upper price band) |
| Issue Size | ₹367 crore (fresh issue of about ₹274 crore plus an offer for sale of ₹93 crore) |
| Offer for Sale By | Promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain |
| Lead Managers | Aryaman Financial Services, Smart Horizon Capital Advisors |
| Registrar | KFin Technologies Ltd. |
What Is the Shankesh Jewellers IPO Timeline?
| Anchor Bidding | 17 August 2026 |
| Bid Opens | 18 August 2026 |
| Bid Closes | 20 August 2026 |
| Basis of Allotment (Expected) | 21 August 2026 |
| Refund Initiation (Non-Allottees) | 24 August 2026 |
| Credit of Shares to Demat | 24 August 2026 |
| Listing Date (Tentative) | 25 August 2026 |
When Will Shankesh Jewellers’ IPO Allotment Be Out?
IPO allotment in India follows a fixed regulatory timeline. The registrar finalises the basis of allotment on T+1 — one working day after the issue closes. For Shankesh Jewellers, with bidding closing on 20 August, allotment is expected to be finalised on 21 August 2026. Because 22–23 August falls on a weekend, refunds and demat credit are pushed to 24 August, with listing tentatively set for 25 August 2026 on both BSE and NSE.
How to Check Shankesh Jewellers IPO Allotment Status
Method 1: Via KFin Technologies (Registrar)
KFin Technologies is the official registrar for this IPO and the fastest source for allotment data, since it manages the process directly.
- Visit the KFin Technologies IPO allotment status page.
- Select “Shankesh Jewellers Limited” from the company dropdown.
- Choose your verification method — PAN, Application Number, or DP/Client ID.
- Enter the details and submit to view your allotment status.
Method 2: Via BSE
- Visit the BSE Application Status Check page.
- Select “Shankesh Jewellers Limited” as the issue name.
- Enter your Application Number and PAN.
- Submit to view your status. Data stays available on BSE for about a week after issue closure.
Method 3: Via NSE
- Visit NSE’s bid verification page.
- Complete one-time registration with your PAN if you haven’t already.
- Select “Shankesh Jewellers Limited” and view your application status.
How Is the Basis of Allotment Decided?
The basis of allotment follows SEBI’s standard framework and is the same across mainboard IPOs, including Shankesh Jewellers. In the retail category, if the issue is oversubscribed, allotment is done through a computerised lottery (draw of lots), so each successful applicant gets at least one full lot rather than a partial allocation. In the NII and QIB categories, allotment is proportionate to the shares bid for, subject to the rounding rules the registrar applies when a category is oversubscribed.
What Happens If You’re Not Allotted Shares?
If you don’t receive an allotment, the amount blocked through ASBA is unblocked automatically, and refunds for other application modes are processed by 24 August 2026, once the intervening weekend is accounted for. You’ll also get an email/SMS update from the registrar and your depository.
What Will Shankesh Jewellers Do With the IPO Proceeds?
Of the roughly ₹274 crore fresh issue, about ₹158 crore is earmarked for repayment or prepayment of certain borrowings, and about ₹38 crore for funding working capital requirements, with the remainder going to general corporate purposes. The separate ₹93 crore offer-for-sale is the sale of existing shares by promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain — that money goes to them personally, not to the company.
Who Is Shankesh Jewellers Limited?
Shankesh Jewellers Limited, incorporated in 2005 and headquartered at Zaveri Bazar, Mumbai, is a B2B manufacturer and wholesaler of handcrafted 22-karat and 18-karat gold jewellery, with a legacy of more than three decades in the trade. Rather than running its own retail stores, it supplies bridal sets, bangles, chokers and other gold jewellery to retail chains including Joyalukkas, Kalyan Jewellers, P.N. Gadgil & Sons and D.P. Abhushan, distributing pan-India across 21 states and 4 union territories, with Maharashtra its largest market. The company is led by promoters Kantilal Kheemraj Jain (Chairman), Manoj Kantilal Jain (Managing Director) and Mahavir Kantilal Jain (Whole-Time Director), who together will continue to hold a majority stake after the IPO.
Related Reading on Share.Market
Shankesh Jewellers is one of several IPOs currently open or upcoming. Track live and upcoming mainboard and SME IPOs on the Share.Market IPO page, and read our related guides on how to check IPO allotment status, how to invest in an IPO, and how many lots to apply for to improve your chances of allotment.
Don’t want to miss the next IPO? Open a free demat account on Share.Market in minutes and apply the moment bidding opens.
FAQs
The basis of allotment is expected to be finalised on Friday, 21 August 2026, a day after the issue closes on 20 August 2026.
You can check the status on the registrar KFin Technologies’ portal by selecting Shankesh Jewellers Limited from the IPO dropdown and entering your PAN instead of the application number. Most brokers and depositories also let you check status using your DP/Client ID.
KFin Technologies Ltd. is the registrar to the issue, responsible for processing applications, finalising the basis of allotment, and handling refunds.
Aryaman Financial Services Limited and Smart Horizon Capital Advisors Private Limited are the book-running lead managers of the issue.
Shares are tentatively scheduled to list on both the NSE and BSE on Tuesday, 25 August 2026.
If shares are not allotted, the application amount blocked via ASBA is released, and refunds are expected to be initiated on 24 August 2026.
For the retail category, allotment in an oversubscribed issue is done via a computerised lottery so each applicant gets at least one lot (160 shares) wherever possible. NII and QIB allotment is proportionate to the shares bid for, subject to the registrar’s rounding rules.
Net proceeds from the fresh issue (about ₹274 crore) are earmarked for repayment or prepayment of certain borrowings (about ₹158 crore), funding working capital requirements (about ₹38 crore), and general corporate purposes. Proceeds from the offer-for-sale go entirely to the two selling promoters, not the company.
The minimum lot size is 160 shares. At the upper price band of ₹93, the minimum retail investment works out to ₹14,880.
Yes. Promoter and promoter-group holding will reduce from about 95% pre-issue to around 70% post-issue — still a clear majority — as two of the three promoters are partially selling shares via the offer-for-sale.
