Shanti Gold International IPO vs Vidya Wires IPO

Comparison between Shanti Gold International IPO and Vidya Wires IPO.

IPO Details

Shanti Gold International IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vidya Wires IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Shanti Gold International IPO is up to ₹360.11 Cr whereas the issue size of the Vidya Wires IPO is up to ₹300.01 Cr. The final issue price of Shanti Gold International IPO is ₹199.00 per share and of Vidya Wires IPO is ₹52.00 per share.

 Shanti Gold International IPOVidya Wires IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹189.00 per share₹48.00 per share
Issue Price (Upper)₹199.00 per share₹52.00 per share
Issue Price (Final)₹199.00 per share₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size75 shares288 shares
Fresh Issue Size1,80,96,000 shares5,26,92,307 shares
Fresh Issue Size (Amount)up to ₹360.11 Crup to ₹274.00 Cr
OFS Issue Size0 shares50,01,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹26.01 Cr
Issue Size Total1,80,96,000 shares5,76,93,307 shares
Issue Size Total (Amount)up to ₹360.11 Crup to ₹300.01 Cr

IPO Timetable

Shanti Gold International IPO opens on Jul 25, 2025, while Vidya Wires IPO opens on Dec 03, 2025. The closing date of Shanti Gold International IPO and Vidya Wires IPO is Jul 29, 2025, and Dec 05, 2025, respectively.

 Shanti Gold International IPOVidya Wires IPO
Anchor Bid DateJul 24, 2025Dec 02, 2025
Issue OpenJul 25, 2025Dec 03, 2025
Issue CloseJul 29, 2025Dec 05, 2025
Basis Of Allotment (Tentative)Jul 30, 2025Dec 08, 2025
Initiation of Refunds (Tentative)Jul 31, 2025Dec 09, 2025
Credit of Share (Tentative)Jul 31, 2025Dec 09, 2025
Listing date (Tentative)Aug 01, 2025Dec 10, 2025
Anchor Lockin End date 1Aug 29, 2025Jan 06, 2026
Anchor Lockin End date 2Oct 28, 2025Mar 07, 2026

Financials & KPIs

Shanti Gold International IPO P/E ratio is 19.24, as compared to Vidya Wires IPO P/E ratio of 20.36.

 Shanti Gold International IPOVidya Wires IPO
Financials

Company Financials (Restated)

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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets419.83325.40256.88
Total Income1,112.47715.04682.28
Profit After Tax55.8426.8719.82
EBITDA97.7153.4545.57
NET Worth152.3796.6769.81
Total Borrowing233.00210.68165.34
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Vidya Wires Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets376.93331.33247.84209.08
Total Income413.091,491.451,188.491,015.72
Profit After Tax12.0640.8725.6821.53
EBITDA18.6764.2245.5235.84
NET Worth178.37166.36125.54100.11
Reserves and Surplus162.37150.36121.5495.86
Total Borrowing162.75145.63109.7197.11
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9999.91
Promoter Shareholding (Post-Issue)74.8972.8
P/E Ratio19.2420.36
Market Cap₹1434.71 Cr.₹1106.00 Cr.
ROE24.57%
ROCE25.70%19.72%
Debt/Equity1.600.88
EPS₹10.34₹2.55
RoNW44.85%24.57%

Shares Offered

In the Shanti Gold International IPO Retail Individual Investors (RII) are offered 63,33,600 shares while in Vidya Wires IPO retail investors are offered 63,33,600 shares. Qualified Institutional Buyers (QIB) are offered 36,19,200 shares in Shanti Gold International IPO and 1,15,38,661 shares in Vidya Wires IPO.

 Shanti Gold International IPOVidya Wires IPO
Anchor Investor Reservation54,28,800 shares1,73,07,991 shares
Market Maker Reservation0 shares0 shares
QIB36,19,200 shares1,15,38,661 shares
NII27,14,400 shares86,53,997 shares
RII63,33,600 shares2,01,92,658 shares
Employee0 shares0 shares
Others
Total1,80,96,000 shares5,76,93,307 shares

Bids Received (Subscription)

Shanti Gold International IPO subscribed 80.78x in total, whereas Vidya Wires IPO subscribed 28.53x.

 Shanti Gold International IPOVidya Wires IPO
QIB (times)117.33x5.45x
NII (times)151.17x55.94x
Big NII (times)173.08x51.16x
Small NII (times)107.35x65.50x
RII (times)29.73x29.98x
Employee (times)
Other (times)
Total (times)80.78x28.53x

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Shanti Gold International IPO Vs Vidya Wires IPO