Shanti Gold International IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 25 to Jul 29 2025
Price Band
₹199
Current GMP
₹227.55(+14.35)
Subscription
80.78 times
IPO Details
| IPO Date | July 25, 2025 to July 29, 2025 |
| Listing Date | August 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹199 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,80,96,000 shares (aggregating up to ₹360.11 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,40,00,000 shares |
| Share Holding Post Issue | 7,20,96,000 shares |
IPO Date
July 25, 2025 to July 29, 2025
Listing Date
August 1, 2025
Face Value
₹10 per share
Issue Price
₹199 per share
Lot Size
75 Shares
Sale Type
Fresh Capital
Total Issue Size
1,80,96,000 shares (aggregating up to ₹360.11 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
5,40,00,000 shares
Share Holding Post Issue
7,20,96,000 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 117.33 |
| Non-Institutional Buyers | 151.17 |
| bNII (bids above ₹10L) | 173.08 |
| sNII (bids below ₹10L) | 107.35 |
| Retail Investors | 29.73 |
| Total ** | 80.78 |
Anchor Investors
1
Qualified Institutions
117.33
Non-Institutional Buyers
151.17
bNII (bids above ₹10L)
173.08
sNII (bids below ₹10L)
107.35
Retail Investors
29.73
Total **
80.78
Day Wise Sub
| Day | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Jul 25, 2025 | 0.01 | 1.09 | 0.90 | 1.47 | 1.84 | 1.16 |
| Day 2 Jul 28, 2025 | 0.05 | 7.53 | 6.52 | 9.54 | 6.61 | 4.93 |
| Day 3 Jul 29, 2025 | 117.33 | 151.17 | 173.08 | 107.35 | 29.73 | 80.78 |
DayDay 1
Jul 25, 2025
QIB0.01
NII1.09
NII (> ₹10L)0.90
NII (< ₹10L)1.47
Retail1.84
Total1.16
DayDay 2
Jul 28, 2025
QIB0.05
NII7.53
NII (> ₹10L)6.52
NII (< ₹10L)9.54
Retail6.61
Total4.93
DayDay 3
Jul 29, 2025
QIB117.33
NII151.17
NII (> ₹10L)173.08
NII (< ₹10L)107.35
Retail29.73
Total80.78
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-08-2025 | 199.00 | 34(17.09%) | 233 |
| 31-07-2025 | 199.00 | 34(17.09%) | 233 |
| 30-07-2025 | 199.00 | 38(19.10%) | 237 |
| 29-07-2025 | 199.00 | 38(19.10%) | 237 |
| 28-07-2025 | 199.00 | 37.5(18.84%) | 236.5 |
| 27-07-2025 | 199.00 | 38(19.10%) | 237 |
| 26-07-2025 | 199.00 | 38(19.10%) | 237 |
| 25-07-2025 | 199.00 | 37(18.59%) | 236 |
| 24-07-2025 | 199.00 | 39(19.60%) | 238 |
| 23-07-2025 | 199.00 | 0(0.00%) | 199 |
| 22-07-2025 | 199.00 | 0(0.00%) | 199 |
| 21-07-2025 | 199.00 | 0(0.00%) | 199 |
| 20-07-2025 | 0(0.00%) | (0.00%) | |
| 19-07-2025 | 0(0.00%) | (0.00%) | |
| 18-07-2025 | 0(%) | (%) |
Date01-08-2025
Price199.00
GMP34(17.09%)
Estimate List Price233
Date31-07-2025
Price199.00
GMP34(17.09%)
Estimate List Price233
Date30-07-2025
Price199.00
GMP38(19.10%)
Estimate List Price237
Date29-07-2025
Price199.00
GMP38(19.10%)
Estimate List Price237
Date28-07-2025
Price199.00
GMP37.5(18.84%)
Estimate List Price236.5
Date27-07-2025
Price199.00
GMP38(19.10%)
Estimate List Price237
Date26-07-2025
Price199.00
GMP38(19.10%)
Estimate List Price237
Date25-07-2025
Price199.00
GMP37(18.59%)
Estimate List Price236
Date24-07-2025
Price199.00
GMP39(19.60%)
Estimate List Price238
Date23-07-2025
Price199.00
GMP0(0.00%)
Estimate List Price199
Date22-07-2025
Price199.00
GMP0(0.00%)
Estimate List Price199
Date21-07-2025
Price199.00
GMP0(0.00%)
Estimate List Price199
Date20-07-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date19-07-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date18-07-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Fri, Jul 25, 2025 |
| IPO Close Date | Tue, Jul 29, 2025 |
| Tentative Allotment | Wed, Jul 30, 2025 |
| Initiation of Refunds | Thu, Jul 31, 2025 |
| Credit of Shares to Demat | Thu, Jul 31, 2025 |
| Tentative Listing Date | Fri, Aug 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 29, 2025 |
IPO Open Date
Fri, Jul 25, 2025
IPO Close Date
Tue, Jul 29, 2025
Tentative Allotment
Wed, Jul 30, 2025
Initiation of Refunds
Thu, Jul 31, 2025
Credit of Shares to Demat
Thu, Jul 31, 2025
Tentative Listing Date
Fri, Aug 1, 2025
Cut-off time for UPI mandate confirmation
5 PM on July 29, 2025
IPO Lot Size
| Application | Lots | Shares | 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 |
ApplicationRetail (Min)
Lots1
Shares75
Amount₹14,925
ApplicationRetail (Max)
Lots13
Shares975
Amount₹1,94,025
ApplicationS-HNI (Min)
Lots14
Shares1,050
Amount₹2,08,950
ApplicationS-HNI (Max)
Lots67
Shares5,025
Amount₹9,99,975
ApplicationB-HNI (Min)
Lots68
Shares5,100
Amount₹10,14,900
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 419.83 | 325.40 | 256.88 |
| Revenue | 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 |
| Total Borrowing | 233.00 | 210.68 | 165.34 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025419.83
31 Mar 2024325.40
31 Mar 2023256.88
Period EndedRevenue
31 Mar 20251,112.47
31 Mar 2024715.04
31 Mar 2023682.28
Period EndedProfit After Tax
31 Mar 202555.84
31 Mar 202426.87
31 Mar 202319.82
Period EndedEBITDA
31 Mar 202597.71
31 Mar 202453.45
31 Mar 202345.57
Period EndedNet Worth
31 Mar 2025152.37
31 Mar 202496.67
31 Mar 202369.81
Period EndedTotal Borrowing
31 Mar 2025233.00
31 Mar 2024210.68
31 Mar 2023165.34
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Shanti Gold International | 10.34 | 10.34 | 28.22 | 19.25 | 44.85 | |
| Utssav Cz Gold Jewels Limited | 11.63 | 11.63 | 53.23 | 19.35 | 30.94 | |
| Rbz Jewellers Limited | 9.70 | 9.70 | 61.26 | 14.42 | 17.15 | 2.46 |
| Sky Gold And Diamonds Limited | 9.52 | 9.44 | 46.61 | 34.53 | 28.59 | 20.87 |
Company NameShanti Gold International
EPS (Basic)10.34
EPS (Diluted)10.34
NAV (per share) (Rs)28.22
P/E (x)19.25
RoNW (%)44.85
P/BV Ratio
Company NameUtssav Cz Gold Jewels Limited
EPS (Basic)11.63
EPS (Diluted)11.63
NAV (per share) (Rs)53.23
P/E (x)19.35
RoNW (%)30.94
P/BV Ratio
Company NameRbz Jewellers Limited
EPS (Basic)9.70
EPS (Diluted)9.70
NAV (per share) (Rs)61.26
P/E (x)14.42
RoNW (%)17.15
P/BV Ratio2.46
Company NameSky Gold And Diamonds Limited
EPS (Basic)9.52
EPS (Diluted)9.44
NAV (per share) (Rs)46.61
P/E (x)34.53
RoNW (%)28.59
P/BV Ratio20.87
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 90,48,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 54,28,800 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 36,19,200 (20.00%) | NA |
| NII (HNI) Shares Offered | 27,14,400 (15.00%) | NA |
| − bNII > ₹10L | 18,09,600 (10.00%) | 1,723 |
| − sNII < ₹10L | 9,04,800 (5.00%) | 861 |
| Retail Shares Offered | 63,33,600 (35.00%) | 84,448 |
| Total Shares Offered | 1,80,96,000 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered90,48,000 (50.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered54,28,800 (30.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered36,19,200 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered27,14,400 (15.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered18,09,600 (10.00%)
Maximum Allottees1,723
Investor Category− sNII < ₹10L
Shares Offered9,04,800 (5.00%)
Maximum Allottees861
Investor CategoryRetail Shares Offered
Shares Offered63,33,600 (35.00%)
Maximum Allottees84,448
Investor CategoryTotal Shares Offered
Shares Offered1,80,96,000 (100.00%)
Maximum Allottees
Information about company
Incorporated in 2003, Shanti Gold International Limited is engaged in the business of manufacturing gold jewellery. The company manufactures high-quality 22kt CZ casting gold jewellery, specialising in design and production.
The company offers a wide range of high-quality, intricately designed jewelry, including bangles, rings, necklaces, and sets, suitable for special occasions, weddings, festive events, and daily wear at various price points.
The company has an in-house manufacturing setup for design, production, and packaging, ensuring quality control. It uses advanced machines and outsourced labour for tasks like manual stone setting, ensuring precision and craftsmanship.
The company has a 13,448.86 square feet manufacturing facility in Andheri East, Mumbai, and has an annual production capacity of 2,700 kg, enabling precise and efficient jewelry production.
The company team of 80 computer-aided design technology (CAD) designers creates over 400 gemstone-studded CZ gold designs monthly, using advanced CAD technology to craft intricate pieces.
The company has established long-term relationships with several jewelry businesses, including corporate brands like Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers, and Shree Kalptaru Jewellers, among others.
The company began operations in 2003 and has expanded to 15 states and one union territory by May 31, 2025, with branches in major cities like Mumbai, Bangalore, Chennai, and Hyderabad.
Product portfolio:
The company offers a variety of intricately designed jewellery, including bangles, rings, necklaces, and complete sets. It caters to different price ranges, providing jewellery for special occasions like weddings, as well as for festive and daily wear.
As of May 31, 2025, we had a total of 222 employees on our payroll and 100 contract labourers.
Competitive Strengths:
Wide range of jewelry designs driven by a 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
Objectives of IPO
The Company Shanti Gold International IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility
46.30
2
Funding working capital requirements of our Company
200.00
3
Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company
17.00
4
General corporate purposes
Disclaimer
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