Mumbai, Aug. 18 -- The initial public offer of Shankesh Jewellers received bids for 98,74,400 shares as against 2,76,37,400 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (18 August 2026). The issue was subscribed 0.36 times.

The issue opened for bidding on 18 August 2026 and it will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof.

The IPO comprises fresh issue of equity shares worth up to Rs 274.18 crore and an offer for sale of 1,00,00,000 equity shares aggregating up to Rs 93 crore by Kantilal Kheemraj Jain and Manoj Kantilal Jain.

The objectives of the fresh issue include Rs 158 crore f...