Shankesh Jewellers Shares Surge 11% on Market Debut

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Aug 25, 2026 11:02

Shankesh Jewellers Ltd shares climbed 11% on its market debut, listing at Rs 102.20 on BSE and Rs 103.30 on NSE. The IPO was subscribed 2.80 times.

Shankesh Jewellers Shares Surge 11% on Market Debut

Illustration: Uttam Ghosh/Rediff.com

New Delhi, Aug 25 (PTI) Shares of Shankesh Jewellers Ltd on Tuesday climbed 11 per cent in market debut trade against the issue price of Rs 93.

The stock listed at Rs 102.20, up 9.89 per cent from the issue price on the BSE.

At the NSE, it started trading at Rs 103.30, a premium of 11 per cent.

The company's market valuation stood at Rs 1,517.81 crore.

The initial share sale of Shankesh Jewellers Ltd received 2.80 times subscription on the final day of bidding on Thursday last week.

The company's Rs 367 crore IPO had a price band of Rs 88-93 per equity share.

The IPO had a fresh issue of up to 2.95 crore equity shares and an Offer For Sale (OFS) of up to 1 crore equity shares.

Proceeds from the fresh issue will be used for repayment or pre-payment of borrowings, funding working capital requirements and general corporate purposes.

Source: PTI By Rediff Money Desk, New Delhi

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