Shanti Gold International Ltd IPO
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Shanti Gold International Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 180.96 L | TBA | TBA | ₹ 539.89 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Jul, 25 | 29 Jul, 25 | TBA | TBA | Book Building | 01 Aug, 25 |
Shanti Gold International Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Diamond Cutting |
| Sub Sector | Jewellery |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 18096000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Shanti Gold International Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 39.18 | 33.44 | 10.90 |
| EBITDA | 42.53 | 35.93 | 13.40 |
| PAT | 26.87 | 19.82 | 3.30 |
| Total Assets | 255.53 | 203.54 | 164.92 |
| Share Capital | 9.00 | 9.00 | 9.00 |
| Total Borrowings | 198.05 | 160.21 | 132.29 |
| Operating Activities (Net Cash) | 30.22 | 22.31 | 5.80 |
| Investing Activities (Net Cash) | -7.85 | -5.95 | -3.78 |
| Financing Activities (Net Cash) | 198.05 | 160.21 | 132.29 |
| Net Cashflow | 42.88 | 11.21 | 4.68 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Shanti Gold International Ltd
Our Company was originally formed as a partnership firm in the name and style of Shanti Gold pursuant to partnership deed dated August 05, 2003 with Pankajkumar H Jagawat and Manojkumar N Jain as its partners. Subsequently, by way of a restated partnership deed dated July 13, 2013, Mukesh Shantilal Jain, Rakesh Shantilal Jagawat, Shashank Bhawarlal Jagawat, Llalet Gulab Jagasia and Vikramsingh Prakash Verma joined as partners and the name of the firm was changed to Shanti Gold International. In accordance with the provisions of Part IX of the Companies Act, 1956, the partnership firm was converted to a public limited company under the name and style of `Shanti Gold International Limited', and a fresh certificate of incorporation dated November 01, 2013 was issued by the RoC. Our Company was granted the certificate of commencement of business on November 22, 2013 by the RoC.
In CY24 the Indian jewellery market is expected to grow by 13.1% y-o-y to Rs.4,653 billion. Furthermore, the market is expected to grow at a compounded annual growth rate (CAGR) of 9.7% between CY23 and CY29 to Rs 7,162 billion. In India, the surge in demand for gold jewellery can be attributed to the growing middle-class population and their increasing disposable income levels. As more individuals experience higher income levels, they are more capable of affording luxury items like gold jewellery. These growing middle-class views gold jewellery as a status symbol, a reflection of their improved lifestyle, and a worthwhile investment.
We are one of the leading manufacturers of high-quality 22kt CZ casting gold jewellery, in terms of installed production capacity, specializing in the design and production of all types of gold jewellery. Our Company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings to festive and daily-wear jewellery.
Peer Comparison:
- Shanti Gold International Limited
- Utssav CZ Gold Limited
- RBZ Jewellers Limited
- Sky Gold Limited
Shanti Gold International Ltd IPO Key Points
Strengths
- Wide range of jewellery designs driven by team of experts.
- Complete in-house manufacturing: Ensuring quality at every step.
- Experienced Promoters with execution capabilities.
- Financially stable business model.
- Established relations with corporate and jewellery businesses.
Risk
- The company depends on the success of its relationships with its customers and the company does not have long term contracts with them. Any loss of one or more of its top customers, or the deterioration of their financial condition or prospects, or a reduction in their demand for its products, could adversely affect the company business, results of operations, financial condition and cash flows.
- A significant portion of its business operations and revenue generation is concentrated in the Southern India. This regional concentration could expose the Company to economic, cultural, geopolitical and local market risks.
- Its business is highly concentrated on the sale of 22kt CZ jewellery and is vulnerable to variations in demand and changes in consumer preference, which could have an adverse effect on its business, results of operations and financial condition.
Strategy
- Capturing market opportunities in the growing jewellery industry.
- Geographical expansion in North India.
- Penetrate new clients within the existing export countries.
- Augmenting working capital for scalable business operations.
- Wide range of jewellery designs driven by team of experts.
- Complete in-house manufacturing: Ensuring quality at every step.
- Experienced Promoters with execution capabilities.
- Financially stable business model.
- Established relations with corporate and jewellery businesses.
How To Apply for Shanti Gold International Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
