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Shanti Gold IPO: Shanti Gold International Limited’s IPO opens tomorrow, July 25, 2025, with a price band of Rs 189-199 per share.
Founded in 2003, Shanti Gold International is a key player in the 22kt CZ casting gold jewellery market.
Shanti Gold IPO: The initial public offering (IPO) of Shanti Gold International Limited is set to open for subscription on Friday, July 25, 2025. The company has fixed the price band at Rs 189 to Rs 199 per equity share of face value Rs 10 each. The issue will close on Tuesday, July 29, 2025.
The IPO comprises a fresh issue of 1.80 crore equity shares, with no offer-for-sale component. At the lower end of the price band, the company aims to raise Rs 342.01 crore, and at the upper end, Rs 360.11 crore. Investors can bid for a minimum of 75 shares and in multiples thereafter.
Choice Capital Advisors Private Limited is acting as the sole book-running lead manager, while Bigshare Services Private Limited is the registrar to the issue. The IPO is being launched through the book-building process.
Shanti Gold IPO GMP
According to various market observers, the current grey market premium of Shanti Gold International’s shares is nil. Unlisted shares of Shanti Gold International are currently at Rs 199, which is the upper band price of the issue.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Shanti Gold International: More Info
Founded in 2003, Shanti Gold International is a key player in the 22kt CZ casting gold jewellery market, known for its intricate designs and high-quality craftsmanship. The company serves both domestic and international markets, with a client base that includes Joyalukkas, Lalithaa Jewellery, Alukkas Enterprises, and others. It operates in 15 Indian states and 2 union territories, and exports to the US, UAE, Singapore, and Qatar.
Its manufacturing facility, located in Andheri, Mumbai, spans over 13,400 sq. ft. and has an annual production capacity of 2,700 kg. For FY25, the company reported a strong financial performance with revenue from operations rising 55.52% year-on-year to Rs 1,106.41 crore. Profit after tax surged by 107.84% to Rs 55.84 crore from Rs 26.87 crore in FY24.
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Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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