Shanti Gold International IPO
Shanti Gold International IPO
Overview
Shanti Gold International IPO is a bookbuilding of ₹360.11 crores. The issue is entirely a fresh issue of 1.81 crore shares. Shanti Gold International IPO opens for subscription on July 25, 2025 and closes on July 29, 2025. The allotment for the Shanti Gold International IPO is expected to be finalized on Wednesday, July 30, 2025. Shanti Gold International IPO will be list on BSE, NSE with a tentative listing date fixed as Friday, August 1, 2025. Shanti Gold International IPO price band is set at ₹189 to ₹199 per share. The lot size for an application is 75. The minimum amount of investment required by an retail is ₹14,175 (75 shares). The lot size investment for sNII is 14 lots (1,050 shares), amounting to ₹2,08,950, and for bNII, it is 68 lots (5,100 shares), amounting to ₹10,14,900. Choice Capital Advisors Pvt Ltd is the book-running lead manager of the Shanti Gold International IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Total Shares
1,80,96,000
Issue Size
₹360.11 Cr
Price Band
₹198 – ₹199
Lot Size
75 shares
Min. Investment
₹14,925
Max. Investment
₹1,94,025
Open Date
25 Jul, 2025
Close Date
29 Jul, 2025
Allotment
30 Jul, 2025
Listing
01 Aug, 2025
Max. Investment
₹1,94,025
Announced
25 Jul, 2025
Opening Date
25 Jul, 2025
Closing Date
29 Jul, 2025
Basis of Allotment
30 Jul, 2025
Initiation of Refunds
31 Jul, 2025
Credit of Shares
31 Jul, 2025
Listing Date
01 Aug, 2025
Live GMP
Est. Listing: ₹236
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About Shanti Gold International IPO
Incorporated in 2003, Shanti Gold International Limited is engaged in the business of manufacturing gold jewellery. The company manufactures high-quality 22kt CZ casting gold jewellery, specialising in design and production.
The company offers a wide range of high-quality, intricately designed jewelry, including bangles, rings, necklaces, and sets, suitable for special occasions, weddings, festive events, and daily wear at various price points.
The company has an in-house manufact
Shanti Gold International IPO Share Price
Issue Breakdown
Shareholding
Dilution: 33.5% increase in shares
Shanti Gold International IPO Promoters Holding
Shanti Gold International IPO Financial Health
Shanti Gold International Ltd.'s revenue increased by 56% and profit after tax (PAT) rose by 108% between the financial year ending with March 31, 2025 and March 31, 2024.
Shanti Gold International IPO Lot Size
Investors can bid for a minimum of 75 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹14,925 |
| Retail (Max) | 13 | 975 | ₹1,94,025 |
| S-HNI (Min) | 14 | 1050 | ₹2,08,950 |
| S-HNI (Max) | 67 | 5025 | ₹9,99,975 |
| B-HNI (Min) | 68 | 5100 | ₹10,14,900 |
(All values in CR)
Shanti Gold International IPO Valuations
The market capitalization of Shanti Gold International IPO is ₹1434.71 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROCE | 25.70 |
| Debt/Equity | 1.60 |
| RoNW | 44.85 |
| PAT Margin | 5.05 |
| EBITDA Margin | 8.83 |
| Price to Book Value | 7.05 |
(All values in CR)
Shanti Gold International IPO Strength & Risk
Shanti Gold International IPO Strength:
1. Strong Financial Growth
FY25 revenue surged 55.5% to ₹1,106.4 crore; PAT rose over 100% to ₹55.8 crore.
Half‑year ending Sep 2024: revenue ₹505.9 crore, profits ₹18.3 crore.
2. Proven Manufacturing & Design
Fully integrated in-house facility at Mumbai producing high‑quality 22 kt CZ gold jewellery; expanding capacity from 2,700 kg to 3,900 kg with new Jaipur unit.
Over 400 unique CAD‑designed products per month, with 80 design professionals.
3. Well‑Established Client Base & Reach
Supplies to major jewellery brands like Joyalukkas, Lalithaa, Alukkas; operations across 13 states, 1 UT in India and exports to 4 countries.
4. Experienced Promoters
Leadership team with 16–20+ years in jewellery manufacturing and client relationship management.
Shanti Gold International IPO Risk:
1. Geographic Concentration
Over 70% of revenue comes from southern India, making the business sensitive to regional economic shifts.
2. Limited Product Scope
Reliant heavily on 22 kt CZ casting jewellery; limited diversification into plain gold or other styles.
3. Gold Price Volatility & Supply Risk
Profit margins are susceptible to gold price fluctuations, global demand, import duties, and supply disruptions.
4. Operational & Regulatory Risks
Heavy borrowing (₹242–273 crore) increases financial leverage; debt agreements carry restrictions; promoter guarantees pose contingent liabilities.
Non-compliance risks include TDS delays, environmental regulations, labor laws, and statutory dues penalties.
5. Market Penetration & Competition
Expansion into export and new domestic markets may face regulatory hurdles, competition, cultural barriers, and quality control challenges.
Shanti Gold International IPO Subscriptions Status
Shanti Gold International IPO subscribed 80.78 times. The public issue subscribed 29.73 times in the retail category, 117.33 times in QIB, and 151.17 times in the NII category by July 29, 2025 5:04:37 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 54,28,800 | 54,28,800 | 108.033 |
| Qualified Institutions | 117.33 | 36,19,200 | 42,46,33,800 | 8 |
| Non-Institutional Buyers | 151.17 | 27,14,400 | 41,03,39,925 | 8 |
| bNII (bids above ₹10L) | 173.08 | 18,09,600 | 31,32,13,875 | 6 |
| sNII (bids below ₹10L) | 107.35 | 9,04,800 | 9,71,26,050 | 1 |
| Retail | 29.73 | 63,33,600 | 18,82,88,025 | 3 |
| Total | 80.78 | 1,26,67,200 | 1,02,32,61,750 | 20 |
Shanti Gold International IPO GMP
Shanti Gold International IPO last GMP is ₹37, last updated Jul 29th 2025 05:53 PM. With the price band of 199.00, Shanti Gold International IPO's estimated listing price is ₹236 (cap price + today's GMP).The expected percentage gain/loss per share is 18.59%. >> Shanti Gold International IPO Retail Subject to Sauda: ₹2100 >> Shanti Gold International IPO Small HNI Subject to Sauda: ₹29400 The lowest GMP is ₹0.00, while the highest GMP is ₹39.00.
Last updated 29 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 29 Jul, 2025 | 199 | ₹37▼ | 2100/29400 | ₹236 (18.59%) | 2775 | 29 Jul, 2025 |
| 28 Jul, 2025 | 199 | ₹37.5▼ | 2100/29400 | ₹236.5 (18.84%) | 2812.5 | 28 Jul, 2025 |
| 27 Jul, 2025 | 199 | ₹38 | 2200/30800 | ₹237 (19.10%) | 2850 | 27 Jul, 2025 |
| 26 Jul, 2025 | 199 | ₹38 | 2200/30800 | ₹237 (19.10%) | 2850 | 26 Jul, 2025 |
| 25 Jul, 2025 | 199 | ₹38▼ | 2200/30800 | ₹237 (19.10%) | 2850 | 25 Jul, 2025 |
| 24 Jul, 2025 | 199 | ₹39▲ | 2200/30800 | ₹238 (19.60%) | 2925 | 24 Jul, 2025 |
| 23 Jul, 2025 | 199 | ₹0 | - | ₹199 (0.00%) | - | 23 Jul, 2025 |
| 22 Jul, 2025 | 199 | ₹0 | - | ₹199 (0.00%) | - | 22 Jul, 2025 |
| 21 Jul, 2025 | 199 | ₹0 | - | ₹199 (0.00%) | - | 21 Jul, 2025 |
| 20 Jul, 2025 | 0 | ₹0 | - | - | - | 20 Jul, 2025 |
| 19 Jul, 2025 | 0 | ₹0 | - | - | - | 19 Jul, 2025 |
| 18 Jul, 2025 | 0 | ₹0 | - | - | - | 18 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Shanti Gold International IPO
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Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Shanti Gold International IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.