Shanti Gold International is launching its IPO worth ₹360.11 Cr, which is an entirely fresh issue. The IPO opens for subscription on 25 July 2025 and will close on 29 July 2025. The allotment of shares is expected to be finalized on 30 July 2025 and the shares are likely to be listed on BSE & NSE on 1 Aug 2025. The price band for IPO is set between ₹189 to ₹199 per share.
About Shanti Gold International IPO
Founded in 2003, Shanti Gold International is a gold jewellery manufacturer based in Mumbai. The company specialises in crafting high quality 22kt CZ (cubic zirconia) casting gold jewellery.
Shanti Gold offers a wide variety of jewellery like bangles, rings, necklaces and complete sets, designed for weddings, festivals, special occasions and even everyday wear.
Shanti Gold handles everything in house, from design to packaging, ensuring top-notch quality. They use modern machines and skilled labour, especially for detailed work like stone setting, to maintain fine craftsmanship.
Over the years, Shanti Gold has built strong business relationships with well known jewellery brands like Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers and Shree Kalptaru Jewellers.
As of 31 May 2025, the company operates across 15 states and 1 union territory, with branches in major cities like Mumbai, Bangalore, Chennai and Hyderabad.
Shanti Gold International IPO Highlights
- Shanti Gold International’s IPO is worth ₹360.11 Cr and the price band is set between ₹189 to ₹199.
- This IPO is an entirely fresh issue of 1.81 Cr shares aggregating to ₹360.11 Cr.
- Shanti Gold International’s IPO will open for subscription on 25 July 2025 and close on 29 July 2025. Share allotment is likely to take place on 30 July 2025 and the shares are expected to be listed on BSE and NSE on 1 Aug 2025.
- Promoters currently hold 99.99% of the company but after the IPO, their shareholding will come down to 74.89% meeting the SEBI criteria.
- The issue proceeds will be used for setting up Jaipur facility (₹46.3 Cr), working capital (₹200 Cr), loan repayment (₹17 Cr) and general corporate purposes.
- Bigshare Services will be the registrar for Shanti Gold International's IPO.
Shanti Gold International IPO GMP
As of 23 July 2025, there is no activity in GMP, shares are expected to list at the upper band of IPO. In the coming days, GMP may change, and we’ll keep updating as new details come in.
So, stay tuned with Trade Target for daily updates on Shanti Gold International IPO GMP and expected listing price.
- Date: 25 July 2025
- Shanti Gold International GMP: 37 (18.59%)
- Date: 24 July 2025
- Shanti Gold International GMP: 39 (19.60%)
How can you apply for Shanti Gold International IPO?
Retail investors can apply for a minimum of 1 lot, which includes 75 shares costing ₹14,925. Maximum investment allowed for retail investors is 13 lots which totals 975 shares and costs ₹1,94,075.
| 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 Financial
Shanti Gold International reported a PAT of ₹ 55.84 Cr in 31 March 2025 and in FY24 reported ₹ 26.87 Cr. Over the past 3 years, its profit has been continuously improving. All financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
|
Assets (₹ Crores) |
419.83
|
325.40
|
256.88
|
|
Revenue (₹ Crores) |
1,112.47
|
715.04
|
682.28
|
|
PAT (₹ crores)
|
55.84
|
26.87
|
19.82
|
|
EBITA(₹ Crores) |
97.71
|
53.45
|
45.57
|
|
Net Worth (₹ Crores) |
152.37
|
96.67
|
69.81
|
|
Total Borrowing (₹ crores)
|
233.00
|
210.68
|
165.34
|
Shanti Gold International IPO Vs Peer
Shanti Gold International has reported an EPS of ₹10.34, the highest among its peers, which is a positive sign for investors. Its P/E ratio is in line with industry peers. The table below compares it with industry peers to provide a clearer view of its market position.
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
Shanti Gold International |
10.34
|
19.25
|
|
Utssav Cz Gold Jewels
|
11.63
|
19.35
|
|
Rbz Jewellers
|
9.7
|
14.42
|
|
Sky Gold And Diamonds
|
9.44
|
34.53
|
Shanti Gold International IPO Quota Allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Listing Date of Shanti Gold International IPO
- Subscription Period: 25 July to 29 July 2025
- Basis of Allotment Finalization: 30 July 2025
- Initiation of Refunds: 31 July 2025
- Demat Credits: 31 July 2025
- Listing Date: 1 Aug 2025
- Listing on: NSE, BSE
Shanti Gold International IPO FAQs (Frequently Asked Questions)
What is the total issue size of Shanti Gold International’s IPO?
The total size of Shanti Gold International’s IPO is ₹360.11 Cr.
When will Shanti Gold International IPO open and close?
Shanti Gold International’s IPO will open for subscription on 25 July 2025 and close on 29 July 2025.
What is the lot size for Shanti Gold International IPO?
Retail Investors can bid for a minimum of 1 lot, which includes 75 shares. And one lot will cost you around ₹14,925.
What is the share allotment date for Shanti Gold International IPO?
The allotment of shares is expected to be completed by 30 July 2025.
Who is the registrar of Shanti Gold International IPO?
Bigshare Services is the registrar for Shanti Gold International’s IPO.
Where will Shanti Gold International shares be listed?
The shares are planned to be listed on both BSE and NSE.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
