The Shanti Gold International Limited IPO aims to raise Rs 360.11 crore through the issuance of 1.81 crore fresh shares, priced between Rs 189 and Rs 199 per share.

MUMBAI, 22 JULY, 2025 (GPN): Shanti Gold International Limited (SGIL) a marquee name in the Jewellery Industry has fixed it’s IPO price band in the range of Rs.189 to Rs. 199 per equity share of the face value of Rs. 10. The SGIL IPO date of subscription is scheduled for Friday, July 25, and will close on Tuesday, July 29. The allocation to anchor investors for the Shanti Gold International IPO is scheduled to take place on Thursday, July 24. The Shanti Gold IPO lot size is 75 equity shares and in multiples of 75 equity shares thereafter.The Shanti Gold International IPO consists solely of a fresh issue of 1.8 crore shares.

Shanti Gold IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

Tentatively, Shanti Gold International IPO basis of allotment of shares will be finalised on Wednesday, July 30, and the company will initiate refunds on Thursday, July 31, while the shares will be credited to the demat account
of allottees on the same day following refund.

Shanti Gold has shown robust financial performance, recording a profit of Rs 55.8 crore for the year ending March 2025, a significant increase of 107.8% from the previous year. Revenue surged 55.5% to Rs 1,106.4 crore from Rs 711.4 crore. The company’s manufacturing operations are based in Mumbai, focusing on high-quality 22kt CZ casting gold jewellery. “All aspects of design, manufacturing, and packaging have been carried out in-house, enabling us to create jewellery tailored to our clients’ preferences.”

The company plans to allocate Rs. 46.3 crore of the IPO proceeds towards establishing its proposed facility in Jaipur, while Rs. 200 crore will be directed towards meeting working capital needs. Additionally, Rs. 17 crore will be utilized for debt repayment (which stood at Rs. 242 crore as of May 2025), and the remaining funds will be designated for general corporate activities as told by Company Spokespersons: Mr. Pankajkumar Jagawat, CMD and Mr. Shriram Iyengar, CFO in the official statement.

Choice Capital Advisors Pvt Ltd serves as the lead manager for the Shanti Gold International IPO, with Bigshare Services Pvt Ltd acting as the registrar for the offering.

Shanti Gold International IPO GMP today or grey market premium was ₹0, which meant shares were trading at their issue price of ₹199 with no premium or discount in the grey market as per sources.

Shanti Gold’s financial metrics, suggests a positive outlook for future performance. The company’s strategic investments in expansion and debt reduction are projected to bolster its market position.

Established in 2003, Shanti Gold International specializes in 22kt CZ gold jewellery, boasting a manufacturing capacity of 2,700 kg annually.

As per the red herring prospectus (RHP), the firm’s listed peers are Utssav CZ Gold Ltd (with a P/E of 19.35), RBZ Jewellers Ltd (with a P/E of 14.42), and Sky Gold Ltd (with a P/E of 34.53).

Shanti Gold share price is likely to be listed on BSE and NSE on Friday, 1st August 2025.