Shanti Gold International Limited Link 
Allotment
The Shanti Gold International IPO is a book-built issue totaling ₹360.11 crore, comprising entirely a fresh issue of 1.81 crore equity shares.
The IPO opened for subscription on July 25, 2025, and closed on July 29, 2025. The allotment was finalized on July 30, 2025, and the shares were listed on both the BSE and NSE on August 1, 2025.
The price band for the IPO was fixed at ₹199 per share. The minimum application size for retail investors was one lot of 75 shares, requiring an investment of ₹14,175. For small non-institutional investors (sNII), the minimum application was 14 lots (1,050 shares) amounting to ₹2,08,950, while for big non-institutional investors (bNII), it was 68 lots (5,100 shares) amounting to ₹10,14,900.
Key Details:
Book Running Lead Manager: Choice Capital Advisors Pvt. Ltd.
Registrar: Bigshare Services Pvt. Ltd.
Investors can bid for a minimum of 75 shares and in multiples of 75 shares thereafter.
₹199
0%
Open
₹199
HIgh - Low
₹199
Previous Close
₹199
Total Traded Value
0
52 Weeks High
₹199
52 Weeks Low
₹199
Updates On
Jul 15, 2025
IPO. Open
Jul 25, 2026
IPO. Close
Jul 29, 2026
IPO. Price
₹199.00
IPO Market price
₹1,434.71 Cr
IPO Details
| IPO Date | 1 Aug |
| IPO Listing Date | 1 Aug |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹199.00 |
| IPO Issue Size | 1,80,96,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| hare Holding Pre Issue | 5,40,00,000 shares |
IPO Timeline
| IPO Open Date | 25 Jul |
| IPO Close Date | 29 Jul |
| IPO Allotment (Tentative) | 30 Jul |
| Refunds | 31 Jul |
| Credit to Demat Account | 31 Jul |
| IPO Listing Date | 1 Aug |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 36,19,200 Shares |
| NII (HNI) Shares Offered | 27,14,400 Shares |
| Retail Shares Offered | 63,33,600 Shares |
IPO Lot Size
Investors can apply for a minimum of 75 shares and in multiples of 75 shares thereafter.
| Application | Lots | Share | 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 |
Incorporated in 2003, Shanti Gold International Limited is a manufacturer of high-quality 22kt CZ casting gold jewellery, specializing in intricate design and production.
Business Overview
The company offers a wide variety of jewellery, including bangles, rings, necklaces, and sets, suitable for weddings, special occasions, festive events, and daily wear across different price points.
Operations & Manufacturing
Shanti Gold operates a 13,448.86 sq. ft. manufacturing facility in Andheri East, Mumbai, with an annual production capacity of 2,700 kg. The company combines in-house manufacturing, advanced machinery, and outsourced labor for tasks such as manual stone setting to ensure precision and craftsmanship.
A dedicated team of 80 CAD designers creates over 400 gemstone-studded CZ gold designs monthly, using advanced computer-aided design technology to produce intricate pieces.
Market Presence
The company has expanded operations across 15 states and one union territory as of May 31, 2025, with branches in major cities including Mumbai, Bangalore, Chennai, and Hyderabad. It has built long-term relationships with jewelry businesses such as Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers, and Shree Kalptaru Jewellers.
Workforce
As of May 31, 2025, Shanti Gold employed 222 permanent employees along with 100 contract laborers.
Competitive Strengths
Wide range of jewellery designs driven by a skilled team of experts
Complete in-house manufacturing ensuring quality control at every stage
Experienced promoters with strong execution capabilities
Financially stable business model
Established relationships with corporate clients and jewelry businesses
Company Financials (Consolidated)
| Assets | 419.83 | 325.4 | 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 |
| Reserves and Surplus | - | - | - |
| Total Borrowing | 233 | 210.68 | 165.34 |
Key Performance Indicator (KPI)
| ROE | - |
| ROCE | 25.70% |
| Debt/Equity | 1.6 |
| RoNW | 44.85% |
| PAT Margin | 5.05% |
| EBITDA Margin | 8.83% |
| Price to Book Value | 7.05 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 200 |
| 3 | To meet out the General Corporate Purposes; | 46.01 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Shanti Gold International Ltd. Address
Plot No A-51, 2nd Floor to 7th Floor, MIDC,
Marol Industrial Area, Road no.-1,
Near Tunga International Hotel,
Mumbai, Maharashtra, 400093
+ 91 22 4824 964
cs@shantigold.in
Detail Registrar
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html
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