IPO - Check IPO Date, Price, Lot Size

Shanti Gold International Ltd IPO

The Company is 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. The 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.

Shanti Gold International Ltd IPO Details

Total Shares Offered

₹ 1,80,96,000

Offer to Public

TBA

Retail Max (Shares)

₹ 63,33,600

Pre Issue Promoters Holding

₹ 5,39,89,200

Exchange

BSE

Issue size

₹ 360.11 Cr

IPO Open Date

Jul 25, 2025

Close Date

Jul 29, 2025

Lot Size

Min Investment

₹ 14,175

Issue Type

Book Building

Listing Date

Aug 1, 2025

Shanti Gold International Ltd IPO Dates

Jul 25, 2025

Opening date

Jul 29, 2025

Closing date

Jul 30, 2025

Basis of Allotment

Jul 31, 2025

Initiation of Refunds

Jul 31, 2025

Credit of Shares

Aug 1, 2025

Listing date

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	46.93x	9048000	424633800
NII	151.48x	2714400	411186975
Retail	30.37x	6333600	192378000
Employee	0x	0	0
Total	56.82x	18096000	1028198775

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

46.93x

151.48x

30.37x

56.82x

9048000

2714400

6333600

18096000

424633800

411186975

192378000

1028198775

Shanti Gold International Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	78.49	39.18	33.44
EBITDA	84.15	42.53	35.93
PAT	55.84	26.87	19.82
Total Assets	351.40	255.53	203.54
Share Capital	54.00	9.00	9.00
Total Borrowings	237.35	198.05	160.21
Operating Activities (Net Cash)	61.50	30.22	22.31
Investing Activities (Net Cash)	-8.92	-7.85	-5.95
Financing Activities (Net Cash)	237.35	198.05	160.21
Net Cashflow	14.19	42.88	11.21

About Shanti Gold International Ltd

Shanti Gold International Limited 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. The 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.

Peer Comparison:

Shanti Gold International Limited
Utssav CZ Gold Limited
RBZ Jewellers Limited
Sky Gold Limited

Shanti Gold International Ltd 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.

How To Apply for Shanti Gold International Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Shanti Gold International Ltd IPO?

Shanti Gold International Ltd's IPO offers shares for up to 360.11 It begins on Jul 25, 2025 and ends on Jul 29, 2025.

What is the price of the Shanti Gold International Ltd IPO?

The price of Shanti Gold International Ltd IPO ranges between ₹189 to ₹199 per share.

What are the open and close dates for the Shanti Gold International Ltd IPO?

The Shanti Gold International Ltd IPO opens on Jul 25, 2025 and closes on Jul 29, 2025.

When will the Shanti Gold International Ltd IPO be allotted?

The allotment for the Shanti Gold International Ltd IPO will be finalised on Jul 30, 2025. The shares will be listed on BSE and NSE on Aug 1, 2025.

What is the minimum lot size required for Shanti Gold International Ltd IPO?

The minimum lot size for Shanti Gold International Ltd IPO is 75 shares, priced between ₹189 to ₹199 per share.

What is the GMP of Shanti Gold International Ltd IPO?

The GMP (Grey Market Premium) of Shanti Gold International Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Shanti Gold International Ltd IPO?

To check the allotment status of Shanti Gold International Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Shanti Gold International Ltd IPO getting listed?

The Shanti Gold International Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 25, 2025, and closes on Jul 29, 2025. The allotment is finalised on Jul 30, 2025.

How do you apply for the Shanti Gold International Ltd IPO?

To apply for the Shanti Gold International Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.