Shankesh Jewellers lists 11% above IPO price after ₹367 crore issue
Jewellery retailer Shankesh Jewellers debuted 11% above its ₹93 issue price after its ₹367 crore IPO was subscribed 2.80 times. Separately, Vishal Mega Mart has reappointed founder Gunender Kapur as managing director and CEO for a five-year term starting September 1, 2026.
What happened
Shankesh Jewellers debuted 11% above its Rs 93 IPO price after its Rs 367 crore issue was subscribed 2.80 times. Vishal Mega Mart rallied after reappointing
Key facts
- Shankesh Jewellers listed 11% above its Rs 93 issue price
- Shankesh Jewellers IPO size: Rs 367 crore
- Shankesh Jewellers IPO subscription: 2.80 times
- Vishal Mega Mart shares rose as much as 11.57% in the previous session
- Vishal Mega Mart closed up 9.74% on August 24
- Gunender Kapur's five-year term begins September 1, 2026
Why this matters
Shankesh’s successful market entry improves its access to expansion capital, while Vishal Mega Mart’s five-year CEO renewal reduces leadership uncertainty for a key retail-sector peer.