Shanti Gold International IPO
IPO Listing Details
- Listing Date
01 Aug 2025
- Listing Price
₹229.10
- Listing Change
15.13%
- Last Traded Price
₹193.05
Shanti Gold International IPO Details
-
Open Date
25 Jul 2025
-
Close Date
29 Jul 2025
-
Listing Date
01 Aug 2025
- IPO Price Range
₹ 189 to ₹199
- IPO Size
₹ 360.11 Cr
- Listing Exchange
BSE, NSE
Shanti Gold International IPO Timeline
Shanti Gold International IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Jul-25 | 0.01 | 1.09 | 1.84 | 1.16 |
| 28-Jul-25 | 0.05 | 7.53 | 6.61 | 4.93 |
| 29-Jul-25 | 117.33 | 151.17 | 29.73 | 80.78 |
Last Updated: 29 July 2025 5:27 PM by 5paisa
Shanti Gold International Limited is set to release its IPO on July 25, 2025. Incorporated in 2003, the company is engaged in the design, manufacturing, and marketing of 22kt CZ casting gold jewellery. It offers a wide variety of jewellery, including bangles, rings, necklaces, and complete sets, catering to weddings, festive wear, and daily use.
The company operates a 13,448.86 sq. ft. facility in Andheri East, Mumbai, with an annual production capacity of 2,700 kg. With over 400 new CZ designs crafted monthly by a skilled in-house CAD team, Shanti Gold has built lasting relationships with well-known jewellery brands and retailers across 15 states and 1 union territory.
Established in - 2003
MD - Pankajkumar H Jagawat
Peers
Sky Gold And Diamonds Limited
RBZ Jewellers Limited
Utssav CZ Gold Jewels Limited
Shanti Gold International Objectives
The company proposes to utilise the net proceeds towards:
1. Capital expenditure requirements
2. Working capital requirements
3. Pre/Repayment of borrowings
4. General corporate purposes
Shanti Gold International IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹360.11 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹360.11 Cr |
Shanti Gold International IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹14,175 |
| Retail (Max) | 13 | 975 | ₹1,84,275 |
| S-HNI (Min) | 14 | 1,050 | ₹1,98,450 |
| S-HNI (MAX) | 67 | 5,025 | ₹9,49,725 |
| B-HNI (Min) | 68 | 5,100 | ₹9,63,900 |
Shanti Gold International IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 117.33 | 36,19,200 | 42,46,33,800 | 8,450.21 |
| NII (HNI) | 151.17 | 27,14,400 | 41,03,39,925 | 8,165.76 |
| bNII (bids above ₹10L) | 173.08 | 18,09,600 | 31,32,13,875 | 6,232.96 |
| sNII (bids below ₹10L) | 107.35 | 9,04,800 | 9,71,26,050 | 1,932.81 |
| Retail | 29.73 | 63,33,600 | 18,82,88,025 | 3,746.93 |
| Total** | 80.78 | 1,26,67,200 | 1,02,32,61,750 | 20,362.91 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Shanti Gold International IPO Anchor Allocation
| Anchor Bid Date | July 24, 2025 |
| Shares Offered | 26,73,000 |
| Anchor portion Size (In ₹ Cr.) | ₹33.41 Cr |
| Anchor lock-in period end date for 50% shares (30 Days) | August 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 28, 2025 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 682.28 | 715.04 | 1,112.47 |
| EBITDA | 45.57 | 53.45 | 97.71 |
| PAT | 19.82 | 26.87 | 55.84 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 256.88 | 325.40 | 419.83 |
| Share Capital | 9.00 | 9.00 | 54.00 |
| Total Borrowings | 165.34 | 210.68 | 233.00 |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -4.84 | -13.03 | -15.30 |
| Net Cash Generated From / (used in) investing activities | -4.48 | -5.08 | 1.27 |
| Net Cash Generated From / (used in) financing activities | 9.19 | 19.63 | 13.26 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.12 | 1.53 | -0.78 |
Strengths
1. Vast catalogue of custom-crafted CZ jewellery
2. Strong in-house design and manufacturing capabilities
3. Experienced leadership and operational efficiency
4. Well-established customer relationships & dealer network
Weaknesses
1. High capital requirement for design, technology
2. Negative cash flows from operating activities
3. Dependency on outsourced labour for manual tasks
4. High dependency on imports for raw materials
Opportunities
1. Strong growth in demand for branded gold jewellery
2. Expansion into new states and untapped domestic markets
3. Jaipur unit to boost production and widen geographic reach
4. Growing international demand for Indian jewellery
Threats
1. Intense competition from unorganised and branded players
2. Volatility in gold prices is affecting the cost structure
3. Consumer preferences are shifting to lightweight
4. Substitution by artificial or imitation jewellery
1. One of India’s established manufacturers of 22kt CZ gold jewellery
2. Strong growth in revenue and PAT over the last three years
3. Modernised manufacturing with an in-house CAD design team
4. Strategic use of IPO proceeds to expand capacity and reduce debt
5. Backed by solid market presence and customer base
1. Rising demand for 22kt CZ jewellery among millennials
2. Favourable policy support under ‘Make in India’ and hallmarking
3. Increasing retail investments in gold jewellery as wealth preservation
4. Room for branded players to grow in the semi-urban market
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FAQs
Shanti Gold International IPO opens on July 25, 2025, and closes on July 29, 2025.
Shanti Gold International IPO size is ₹360.11 crore, consisting entirely of a fresh issue of 1.81 crore shares.
Shanti Gold International IPO price band is set between ₹189 to ₹199 per share.
To apply for the Shanti Gold International IPO via 5paisa, log in to your account, choose the IPO from the ongoing issues, enter the lot size and bid price, submit your UPI ID, and approve the mandate to confirm your application.
The minimum lot size of Shanti Gold International IPO is 75 shares, and the minimum investment is ₹14,175.
The allotment of Shanti Gold International IPO is expected to be finalised on July 30, 2025.
The tentative listing date of Shanti Gold International IPO is August 1, 2025, on the BSE and NSE platforms.
Shanti Gold International will use IPO proceeds for:
- Capital expenditure requirements
- Working capital requirements
- Pre/Repayment of borrowings
- General corporate purposes
Shanti Gold International Contact Details
Plot No A-51, 2nd Floor to 7th Floor, MIDC,
Marol Industrial Area, Road no.-1,
Near Tunga International Hotel,
Mumbai, Maharashtra, 400093
Phone: + 91 22 4824 964
Email: cs@shantigold.in
Website: https://shantigold.in/
Shanti Gold International IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shanti Gold International IPO Lead Manager
Choice Capital Advisors Pvt Ltd