Shanti Gold International Limited IPO
MainboardGems, Jewellery And Watches
Listed On: Aug 1, 2025 at ₹ 227.55(NSE)
₹ 14925 /75 Shares
Check AllotmentPrice Summary
Last Closing
232.10 (16.63%)52 Week High
274.1052 Week Low
215.69Last Update
2-Sep-2025 3:30 PM25 Jul, 2025
Open Date29 Jul, 2025
Close Date30 Jul, 2025
Allotment Date01 Aug, 2025
Listing DateIssue Price
₹189-199 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdList Price
227.55(NSE)Listing Date
2025-08-01Market Lot
Retail : 75 Shares (₹14,925/-)S-HNI : 1,050 Shares (₹2,08,950/-)
B-HNI : 5,100 Shares (₹10,14,900/-)
Lead Manager
Choice Capital Advisors Pvt LtdIssue Size
1,80,96,000 shares(aggregating up to ₹360.11 Cr)Retail Portion
35% (Number of Retail Applications: 84,448 Approx),(Number of S-HNI Applications : 862 Approx),
(Number of B-HNI Applications : 1,723 Approx)
Subscription
80.80 timesShanti Gold International IPO Details
Shanti Gold International IPO is a book-built issue of ₹360.11 crores, The total issue size is ₹360.11 crores. The IPO of Shanti Gold International is priced at ₹189-199 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jul 25, 2025 and ends on Jul 29, 2025. The allotment for Shanti Gold International IPO will be finalized on Jul 30, 2025. Shanti Gold International IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 1, 2025. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.
Retail investors can bid for a minimum of 75 shares, extendable to 14,925. S-HNIs will be able to bid for 1,050 shares at ₹2,08,950, while B-HNIs can also apply for a bid of 5,100 shares at ₹10,14,900. The book-running lead manager for the IPO is/are Choice Capital Advisors Pvt Ltd.
The total issue ₹360.11 crore, comprising a fresh issue of 1,80,96,000 shares ₹360.11 crore and
The Shanti Gold International IPO sets its price band at 189-199 for each share. A single application for Shanti Gold International Limited IPO must contain at least 75 shares. Sentiment investors need to invest a minimum of 75 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,925 In order to participate in the sNII, investors must purchase at least 14 lots of 1,050 shares for ₹2,08,950, while the bNII requires 68 lots of 5,100 shares for an investment of ₹10,14,900.
Shanti Gold International IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 36,19,200 | 27,14,400 18,09,600 9,04,800 | 63,33,600 | 1,26,67,200 |
| Day 1 - 25-07-25 05:00 PM | 0.01 x | 1.09 0.90 x 1.47 x | 1.84 x | 1.16 x |
| Day 2 - 28-07-25 05:00 PM | 0.05 x | 7.53 6.52 x 9.54 x | 6.61 x | 4.93 x |
| Day 3 - 29-07-25 05:00 PM | 117.33 x | 151.18 173.08 x 107.37 x | 29.77 x | 80.80 x |
Shanti Gold International Valuations
EPS Pre IPO
₹10.34/-EPS Post IPO
₹7.75/-P/E Pre IPO
19.24P/E Post IPO
25.69ROCE
25.70%Debt/Equity
1.60RoNW
44.85%PAT Margin
5.05%Price to Book Value
7.05Shanti Gold International Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 419.83 | 325.4 | 256.88 |
| Revenue | 1,112.47 | 715.04 | 682.28 |
| Profit After Tax | 55.84 | 26.87 | 19.82 |
| Net Worth | 152.37 | 96.67 | 69.81 |
| Total Borrowing | 233.00 | 210.68 | 165.34 |
About The Company
Shanti Gold International Limited was incorporated in the year 2003 and is a business manufacturer of gold jewelry. The company is involved in the production of high-quality 22kt CZ casting gold jewelry, with specialization in design and manufacture.The company specializes in manufacturing high-quality, ornate-designed jewelry, such as bangles, rings, necklaces, and sets, for special occasions, weddings, festivals, and everyday wear at competitive prices.
The company has a in-house manufacturing setup for design, production, and packaging to maintain quality control. The company utilizes sophisticated machines and outsourced manpower for labor-intensive jobs such as manual stone setting, maintaining precision and workmanship.The company possesses a 13,448.86 square feet manufacturing unit at Andheri East, Mumbai, and has the capacity to produce 2,700 kg per annum, allowing precise and effective production of jewelry.The firm staff of 80 computer-aided design technology (CAD) designers produce more than 400 gemstone-set CZ gold pieces every month, employing sophisticated CAD technology to design elaborate pieces.
The firm has secured long-term associations with a number of jewelry firms, including corporate labels such as Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers, and Shree Kalptaru Jewellers, among others.The company was started in 2003 and has grown to 13 states and one union territory up to September 30, 2024, with its branches in prominent cities such as Mumbai, Bangalore, Chennai, and Hyderabad.
Product portfolio:
The company has a range of intricately crafted jewelry, such as bangles, rings, necklaces, and full sets. It serves various price segments, offering jewelry for special occasions such as weddings and also for festive and everyday wear.
As of 15th November, 2024, the company employed a total of 225 people.
Shanti Gold International - Strength and Weakness
Experienced Promoters and Management: The promoters and directors have extensive experience in the jewellery industry (16-20+ years).
Strong Financial Performance: Shanti Gold has demonstrated consistent revenue growth and profitability in recent fiscal years.
Well-established Manufacturing Facility: The company has a modern manufacturing facility with a substantial annual production capacity, ensuring high-quality production.
Wide Product Range and Design Capabilities: The company offers a diverse range of 22kt CZ gold jewellery designs, catering to various customer segments and preferences.
Customer Concentration and Dependence: The company relies on strong relationships with a limited number of clients and lacks long-term contracts, making it vulnerable to shifts in demand or financial instability of key clients.
Geographic Revenue Concentration: A significant portion of revenue comes from South India, exposing the company to regional economic and market risks.
Dependence on 22kt CZ Jewellery: The company primarily focuses on 22kt CZ casting gold jewellery, and any changes in consumer preferences could impact financial performance.
Exposure to Gold Price Volatility: As a manufacturer of gold jewellery, Shanti Gold is exposed to fluctuations in gold prices and supply constraints, which could affect profitability.
Shanti Gold International - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Shanti Gold | N/A | N/A | 44.85% | 1106 |
| Utssav Cz Gold | N/A | 19.35 | 30.94% | 646 |
| Rbz Jewellers | 2.46 | 14.42 | 17.15% | 530 |
| Sky Gold | 20.87 | 34.53 | 28.59% | 3548 |
Shanti Gold International - Promoter(s)
Pre Issue Share Holding: 99.99
Post Issue Share Holding: 74.89%
- Pankajkumar H Jagawat
- Manojkumar N Jain
- Shashank Bhawarlal Jagawat
Shanti Gold International IPO - Issue Objectives
- Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility
- Funding working capital requirements of the Company.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company.
- General corporate purposes.
Shanti Gold International IPO - Anchor Investors
Societe Generale, Wealthwave Capital Fund, Vijit Growth Fund, Founders Collective Fund, Smart Horizon Opportunity Fund, Swyom India Alpha Fund, and Sunrise Investment Opportunities Fund were part of 15 investors dealt with the anchor book
Other Details
Shanti Gold International
Plot No A-51, 2nd Floor to 7th Floor, MIDC, Marol Industrial Area, Road no.-1,Near Tunga International Hotel, Mumbai, Maharashtra, 400093Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Shanti Gold International IPO - FAQs
Ans. Shanti Gold International Limited IPO is a Mainboard IPO. The issue is priced at ₹189-199 per equity share. The minimum order quantity is 75 Shares. The IPO opens on Jul 25, 2025, and closes on Jul 29, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Shanti Gold International Limited IPO opens on Jul 25, 2025 and closes on Jul 29, 2025.
Ans. The size of Shanti Gold International Limited IPO is 1,80,96,000 shares(aggregating up to ₹360.11 Cr).
Ans. The IPO price band is set between ₹189-199 per equity share.
Ans. To apply for Shanti Gold International Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Shanti Gold International Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Shanti Gold International Limited IPO is Jul 30, 2025.
Ans. The Shanti Gold International Limited IPO will be listed on Aug 1, 2025.
Ans. Follow the steps to check the allotment status for Shanti Gold International Limited IPO here.
