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Shankesh Jewellers’ ₹367 crore IPO reaches 0.94x subscription on Day 2
Mumbai-based gold jewellery manufacturer and wholesaler Shankesh Jewellers’ Rs 367.18 crore IPO was subscribed 0.94x on day two. Retail demand stood at 1.13x, while GMP suggested a 3.76% listing premium. Proceeds will support working capital, debt repayment and corporate purposes.
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Reported figures
From the report. Source details below
| Fresh issue: | Rs 274.18 crore |
|---|---|
| OFS: | Rs 93 crore |
| Price band: | Rs 88-Rs 93 per share |
| QIB subscription: | 0.76x |
| NII subscription: | 0.76x |
| Grey market premium: | Rs 3.5 |
| FY26 income: | Rs 1,630.93 crore |
| FY26 PAT: | Rs 106.68 crore |
| FY26 EBITDA: | Rs 157.90 crore |
The source
First seen