Bookbuilding IPO | ₹360 Cr | Listed at BSE, NSE | Fri, Jul 25, 2025 - Tue, Jul 29, 2025
Shanti Gold International IPO is a book build issue of ₹360.11 crores. The issue is entirely a fresh issue of 1.81 crore shares of ₹360.11 crore.
Shanti Gold International IPO bidding started from Jul 25, 2025 and ended on Jul 29, 2025. The allotment for Shanti Gold International IPO was finalized on Jul 30, 2025. The shares got listed on BSE, NSE on Aug 1, 2025.
Shanti Gold International IPO price band is set at ₹199 per share. The lot size for an application is 75. The minimum amount of investment required by an retail is ₹14,925 (75 shares) (based on upper price). 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 and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Shanti Gold International IPO RHP for detailed Information.
IPO Open
Fri, Jul 25, 2025
IPO Close
Tue, Jul 29, 2025
Issue Price
₹199 per share
Market Cap (Pre-IPO)
₹1,434.71 Cr
| IPO Date | 25 to 29 Jul, 2025 |
| Listed on | Fri, Aug 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹189 to ₹199 |
| Issue Price | ₹199 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,80,96,000 shares (agg. up to ₹360 Cr) |
| Fresh Issue | 1,80,96,000 shares (agg. up to ₹360 Cr) |
| Share Holding Pre Issue | 5,40,00,000 shares |
| Share Holding Post Issue | 7,20,96,000 shares |
| BSE Script Code / NSE Symbol | 544459 / SHANTIGOLD |
| ISIN | INE06ZD01017 |
Shanti Gold International IPO offers total 1,80,96,000 shares. Out of which 90,48,000 (50.00%) allocated to QIB, 36,19,200 (20.00%) allocated to QIB (Ex- Anchor), 27,14,400 (15.00%) allocated to NII 63,33,600 (35.00%) allocated to RII and 54,28,800 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 90,48,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 54,28,800 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 36,19,200 (20.00%) | NA |
| NII (HNI) Shares Offered | 27,14,400 (15.00%) | NA |
| − bNII > ₹10L | 18,09,600 (10.00%) | 1,723 |
| − sNII < ₹10L | 9,04,800 (5.00%) | 861 |
| Retail Shares Offered | 63,33,600 (35.00%) | 84,448 |
| Total Shares Offered | 1,80,96,000 (100.00%) |
Investors can bid for a minimum of 75 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹14,925 |
| Retail (Max) | 13 | 975 | ₹1,94,025 |
| S-HNI (Min) | 14 | 1,050 | ₹2,08,950 |
| S-HNI (Max) | 67 | 5,025 | ₹9,99,975 |
| B-HNI (Min) | 68 | 5,100 | ₹10,14,900 |
Shanti Gold International IPO raises ₹108.03 crore from anchor investors. Shanti Gold International IPO Anchor bid date is July 24, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 24, 2025 |
| Shares Offered | 54,28,800 |
| Anchor Portion (₹ Cr.) | 108.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 28, 2025 |
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 manufacturing setup for design, production, and packaging, ensuring quality control. It uses advanced machines and outsourced labour for tasks like manual stone setting, ensuring precision and craftsmanship.
The company has a 13,448.86 square feet manufacturing facility in Andheri East, Mumbai, and has an annual production capacity of 2,700 kg, enabling precise and efficient jewelry production.
The company team of 80 computer-aided design technology (CAD) designers creates over 400 gemstone-studded CZ gold designs monthly, using advanced CAD technology to craft intricate pieces.
The company has established long-term relationships with several jewelry businesses, including corporate brands like Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers, and Shree Kalptaru Jewellers, among others.
The company began operations in 2003 and has expanded to 15 states and one union territory by May 31, 2025, with branches in major cities like Mumbai, Bangalore, Chennai, and Hyderabad.
Product portfolio:
The company offers a variety of intricately designed jewellery, including bangles, rings, necklaces, and complete sets. It caters to different price ranges, providing jewellery for special occasions like weddings, as well as for festive and daily wear.
As of May 31, 2025, we had a total of 222 employees on our payroll and 100 contract labourers.
Competitive Strengths:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 419.83 | 325.40 | 256.88 |
| Total Income | 1,112.47 | 715.04 | 682.28 |
| Profit After Tax | 55.84 | 26.87 | 19.82 |
| EBITDA | 97.71 | 53.45 | 45.57 |
| NET Worth | 152.37 | 96.67 | 69.81 |
| Total Borrowing | 233.00 | 210.68 | 165.34 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility | 46.30 |
| 2 | Funding working capital requirements of our Company | 200.00 |
| 3 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company | 17.00 |
| 4 | General corporate purposes | 46.01 |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 25.70% |
| Debt/Equity | 1.60 |
| RoNW | 44.85% |
| PAT Margin | 5.05% |
| EBITDA Margin | 8.83% |
| Price to Book Value | 7.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.34 | 7.75 |
| P/E (x) | 19.24 | 25.69 |
| Promoter Holding | 99.99% | 74.89% |
| Market Cap | ₹1,434.71 Cr. |
The Shanti Gold International IPO is subscribed 80.78 times on July 29, 2025 5:04:37 PM (Day 3). The public issue subscribed 29.73 times in the retail category, 117.33 times in the QIB category, and 151.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 117.33 | 36,19,200 | 42,46,33,800 |
| NII | 151.17 | 27,14,400 | 41,03,39,925 |
| bNII (bids above ₹10L) | 173.08 | 18,09,600 | 31,32,13,875 |
| sNII (bids below ₹10L) | 107.35 | 9,04,800 | 9,71,26,050 |
| Retail | 29.73 | 63,33,600 | 18,82,88,025 |
| Total | 80.78 | 1,26,67,200 | 1,02,32,61,750 |
Total Application : 23,14,714
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM including underwriting commission, brokerage and selling commission, as applicable | 3.41 |
| 2 | Selling commission and processing fees for SCSBs and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.24 |
| 3 | Fees payable to the Regulators including stock exchanges | 0.19 |
| 4 | Processing fees payable to the Sponsor Banks | 0.08 |
| 5 | Fees payable to the Registrar to the Issue | 0.07 |
| 6 | Advertising and marketing expenses | 0.36 |
| 7 | Other expenses: Printing and stationery expenses, Fees payable to the legal counsel to the Issue, Fees payable to Statutory Auditor, Fees payable to the independent chartered engineer, Fees payable to the industry service provider, Miscellaneous | 0.74 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹199.00 | ₹199.00 |
| Open | ₹229.10 | ₹227.55 |
| Low | ₹227.00 | ₹227.10 |
| High | ₹238.40 | ₹238.36 |
| Last Trade | ₹229.20 | ₹229.38 |
Lead Manager Reports
Shanti Gold International IPO is a main-board IPO of 1,80,96,000 equity shares of the face value of ₹10 aggregating up to ₹360 Crores. The issue is priced at ₹199 per share. The minimum order quantity is 75.
The IPO opens on Fri, Jul 25, 2025, and closes on Tue, Jul 29, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shanti Gold International IPO using UPI as a payment gateway. Zerodha customers can apply in Shanti Gold International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shanti Gold International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shanti Gold International IPO opens on Fri, Jul 25, 2025 and closes on Tue, Jul 29, 2025.
Shanti Gold International IPO lot size is 75, and the minimum amount required for application is ₹14,925.
You can apply in Shanti Gold International IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shanti Gold International IPO will be done on Wednesday, July 30, 2025, and the allotted shares will be credited to your demat account by Thu, Jul 31, 2025. Check the Shanti Gold International IPO allotment status.
The Shanti Gold International IPO listing date is on Fri, Aug 1, 2025.
