Shankesh Jewellers IPO GMP Today: GMP hints at modest listing

20 Aug 2026 , 11:39 AM

The Shankesh Jewellers IPO continued to attract investor attention on August 20, 2026, with the issue witnessing an overall subscription of 1.14 times. However, the IPO’s grey market premium (GMP) has moderated sharply from recent highs, indicating a more cautious sentiment ahead of listing.

The IPO price has been fixed at ₹93 per share, while the latest GMP stood at ₹2, according to the latest available market data. Based on the current GMP, the estimated listing price is around ₹95 per share, implying a potential listing gain of approximately 2.15% over the issue price.

Shankesh Jewellers IPO GMP Today

As of August 20, 2026, at 10:58 AM, the Shankesh Jewellers IPO GMP was reported at ₹2, down from ₹2.50 on August 19 and ₹5 on August 18.

At the current GMP of ₹2 and an IPO price of ₹93, the estimated listing price stands at around ₹95 per share.

GMP Date	IPO Price	GMP	Subscription	Estimated Listing Price	Estimated Gain
Aug 20, 2026	₹93	₹2	1.14x	₹95	2.15%
Aug 19, 2026	₹93	₹2.50	0.94x	₹95.50	2.69%
Aug 18, 2026	₹93	₹5	0.36x	₹98	5.38%
Aug 17, 2026	₹93	₹2	—	₹95	2.15%
Aug 16, 2026	₹93	₹5	—	₹98	5.38%
Aug 15, 2026	₹93	₹6	—	₹99	6.45%
Aug 14, 2026	₹93	₹6	—	₹99	6.45%
Aug 13, 2026	₹93	₹8	—	₹101	8.60%
Aug 12, 2026	₹93	₹7	—	₹100	7.53%

GMP Trend Shows Sharp Moderation

The grey market premium for Shankesh Jewellers has declined considerably over the past few sessions. The GMP was at ₹8 on August 13, translating into an estimated listing gain of 8.60%. It subsequently declined to ₹6, ₹5 and then ₹2.

The latest GMP of ₹2 represents a potential listing premium of only 2.15% over the IPO price of ₹93.

Investors should note that GMP is an unofficial indicator and can change rapidly depending on market sentiment, demand and broader market conditions. It should not be considered a guaranteed listing price or return.

Shankesh Jewellers IPO Subscription Status

The Shankesh Jewellers IPO was subscribed 1.14 times overall, with the retail investor category recording the strongest demand among the major investor segments.

The issue received bids for approximately 2.76 crore shares, against the shares offered for subscription.

Category-wise Subscription

• Qualified Institutional Buyers (QIBs): 0.76x
• Non-Institutional Investors (NII): 0.99x
• Small NII (S-NII): 1.46x
• Big NII (B-NII): 0.76x
• Retail Individual Investors (RII): 1.43x
• Overall: 1.14x

Retail Investors Lead Subscription

The retail investor category was subscribed 1.43 times, with bids received for around 1.38 crore shares, representing approximately 50% of the total shares in the subscription data provided.

Within the NII category, S-NII investors subscribed 1.46 times, while the broader NII category stood at 0.99x.

The QIB portion was subscribed 0.76 times, while the B-NII segment was also at 0.76 times.

Shankesh Jewellers IPO Expected Listing Price

At the latest GMP of ₹2, the estimated listing price is around ₹95 per share, calculated by adding the GMP to the IPO’s upper price of ₹93.

Estimated listing price = ₹93 + ₹2 = ₹95

This indicates a potential gain of approximately 2.15% for investors who receive an allotment, assuming the stock lists around the prevailing GMP-implied price.

For example, at an IPO price of ₹93, the estimated profit based on the latest GMP is around ₹320 for a lot size of 160 shares.

However, actual listing prices can differ significantly from GMP-based estimates.

Shankesh Jewellers IPO GMP: What Investors Should Watch

Investors tracking the IPO should keep an eye on three key factors:

1. GMP movement:
The GMP has fallen from ₹8 to ₹2 in a week, signalling weaker grey-market sentiment.

2. Final subscription demand:
The IPO has crossed the one-time subscription mark, but QIB and B-NII participation remains below 1x in the latest data.

3. Listing-day market conditions:
Broader equity market trends and investor sentiment can influence the actual listing price, regardless of the prevailing GMP.

Shankesh Jewellers IPO GMP Today: Key Takeaways

The latest Shankesh Jewellers IPO data suggests that investor interest has improved enough for the issue to cross full subscription, but the grey-market premium has weakened substantially.

With the GMP at ₹2, the IPO is currently indicating an estimated listing price of ₹95, compared with the issue price of ₹93. This translates into a potential listing premium of around 2.15%.

The IPO’s overall subscription stands at 1.14x, led by retail investors at 1.43x and S-NII investors at 1.46x. Meanwhile, QIB and B-NII participation remains below one time.

Investors should remember that IPO GMP is unofficial and speculative, and actual listing gains or losses may differ from GMP-based estimates.

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