Shanti Gold International IPO Subscribed 80.78x on Final Day; NII and QIB Segments Drive Massive Demand

Shanti Gold International's initial public offering (IPO) has demonstrated exceptional investor demand through its third and final day of subscription, with Shanti Gold International's stock price set at ₹199 per share reflecting strong market reception. The ₹360.11 crore IPO surged dramatically to 80.78 times by 5:04:37 PM on day three, indicating outstanding investor interest in this gold jewellery manufacturer incorporated in 2003.

Shanti Gold International IPO non-institutional investors segment leads with phenomenal 151.17 times subscription, whilst qualified institutional buyers demonstrate exceptional participation at 117.33 times and retail investors show solid interest at 29.73 times, reflecting substantial investor confidence in this company.

Shanti Gold International IPO subscription reached an outstanding 80.78 times on day three, led by NII (151.17x), QIB (117.33x), and Retail Investors (29.73x). Total applications reached 23,14,714.

Subscription Status of Shanti Gold International IPO:

Here are the subscription details for Shanti Gold International IPO as of Day 3 (July 29, 2025, 5:04:37 PM):

Key Highlights - Day 3:

• Overall subscription reaching outstanding 80.78 times, a massive surge from day two's 4.93 times
• bNII category leading with phenomenal demand at 173.08 times, dramatically exploding from day two's 6.52 times
• NII segment demonstrating exceptional participation at 151.17 times, substantially increasing from day two's 7.53 times
• QIB segment showing remarkable growth at 117.33 times, dramatically increasing from day two's 0.05 times
• sNII category displaying solid interest at 107.35 times, indicating strong smaller HNI enthusiasm
• Retail investors maintaining solid performance at 29.73 times, building from day two's 6.61 times
• Total applications reached 23,14,714, indicating massive investor participation for this mainboard IPO
• Cumulative bid amount reached ₹20,362.91 crores against the issue size of ₹360.11 crores
   

Shanti Gold International IPO - Day 2 Subscription at 4.93 Times

Key Highlights - Day 2:

• Overall subscription reaching solid 4.93 times, building substantially from day one's 1.16 times
• sNII segment leading with impressive demand at 9.54 times, building from day one's 1.47 times
• NII segment showing solid improvement at 7.53 times, substantially increasing from day one's 1.09 times
• Retail investors demonstrating encouraging growth at 6.61 times, building from day one's 1.84 times
• bNII category showing strong participation at 6.52 times, building from day one's 0.90 times
• QIB segment showing minimal improvement at 0.05 times, marginally building from day one's 0.01 times

Shanti Gold International IPO - Day 1 Subscription at 1.16 Times

Key Highlights - Day 1:

• Overall subscription opening cautiously at 1.16 times, showing measured initial investor interest
• Retail investors demonstrating early confidence at 1.84 times, showing positive retail sentiment
• sNII segment showing encouraging initial demand at 1.47 times, indicating solid smaller HNI appetite
• NII segment displaying modest participation at 1.09 times, indicating tentative high-net-worth approach
• bNII category showing measured interest at 0.90 times, reflecting careful larger HNI approach
• QIB segment showing minimal participation at 0.01 times, indicating highly cautious institutional approach
   

About Shanti Gold International Limited

Incorporated in 2003, Shanti Gold International Limited is engaged in the business of manufacturing gold jewellery, specialising in high-quality 22kt CZ casting gold jewellery design and production. The company offers a wide range of intricately designed jewellery, including bangles, rings, necklaces, and sets, suitable for special occasions, weddings, festive events, and daily wear at various price points.