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Shankesh Jewellers IPO reaches 0.52x subscription on day two; retail book at 0.77x

Indian B2B handcrafted gold-jewellery supplier Shankesh Jewellers’ IPO was subscribed 0.52 times by day two, with retail at 0.77 times. The ₹88-₹93 issue carries a ₹5 GMP, while brokerages cite improving profitability but flag cash-flow and working-capital risks.

Newer report , , Mint : Shankesh Jewellers hits ₹116 record high, up 18% intraday

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Reported figures

From the report. Source details below

Fresh issue: 29.482 million shares raising ₹274.18 crore
Offer for sale: 10 million shares worth ₹93 crore
FY26 revenue: ₹1,630.8 crore
FY26 profit: ₹106.7 crore
FY26 post-issue P/E: 12.8x

The source

Source Read the source at Mint Published

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