SHANTI GOLD INTERNATIONAL LIMITED
₹ 189 - ₹ 199
25-Jul-2025 - 29-Jul-2025
₹ 14925.00

/ 75 Shares

SHANTI GOLD INTERNATIONAL LIMITED

25-Jul-2025 - 29-Jul-2025

₹ 189 - ₹ 199

Price Band

₹ 14925.00

Minimum Investment

75

Bid Lot

18,096,000

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at BSE, NSE

  • 84,448 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Fresh Issue of upto 1,80,96,000 Equity Shares

Category % Shares/Amount
QIB 50% 9,048,000 Shares RS.180.06 CR
HNI 1 5% 904,800 Shares RS.18.01 CR @ 862 FORM 1X
HNI 2 10% 1,809,600 Shares RS.36.01 CR @ 1723 FORM 1X
Retail 35% 6,333,600 Shares RS.126.04 CR @ 84448 FORM 1X

BRLMs: Choice Capital Advisors

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
84448 FORM 1X 862 FORM 1X 1723 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 75 ₹ 14,925
Retail (Upto 2 Lakh) 13 975 ₹ 194,025
S-HNI (2 Lakh to 10 Lakh) 14 1050 ₹ 208,950
S-HNI (2 Lakh to 10 Lakh) 67 5025 ₹ 999,975
B-HNI (Above 10 Lakh) 68 5100 ₹ 1,014,900

IPO Timeline

  • Open Date

    25-Jul-2025

  • Close Date

    29-Jul-2025

  • Basis of Allotment Date

    30-Jul-2025

  • Initiation of Refunds

    31-Jul-2025

  • Credit Shares to Demat A/c

    31-Jul-2025

  • IPO Listing Date

    01-Aug-2025

Subscription as on
29-Jul-2025 14:52

Category Book Size Subscription No. of Times
QIB 3,619,200 ₹ 72.02 Cr. 107,552,850 ₹ 2140.30 Cr. 29.72x
HNI (<10 LAKH) 904,800 ₹ 18.01 Cr. 80,854,650 ₹ 1609.01 Cr. 89.36x
HNI2 (>10 LAKH) 1,809,600 ₹ 36.01 Cr. 263,883,975 ₹ 5251.29 Cr. 145.82x
RETAIL 6,333,600 ₹ 126.04 Cr. 151,732,725 ₹ 3019.48 Cr. 23.96x
Total 12,667,200 604,024,200 47.68x
Category Book Size Subscription No. of Times
QIB 3,619,200 ₹ 72.02 Cr. 107,552,850 ₹ 2140.30 Cr. 29.72x
HNI (<10 LAKH) 904,800 ₹ 18.01 Cr. 80,854,650 ₹ 1609.01 Cr. 89.36x
HNI2 (>10 LAKH) 1,809,600 ₹ 36.01 Cr. 263,883,975 ₹ 5251.29 Cr. 145.82x
RETAIL 6,333,600 ₹ 126.04 Cr. 151,732,725 ₹ 3019.48 Cr. 23.96x
Total 12,667,200 604,024,200 47.68x

*Excluding Anchor

Total No. of Application Approx : ~1800492 (21.32 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • The Company was originally formed as a partnership firm in the name of “M/s Shanti Gold” in August,2003. The name was changed to “M/s. Shanti Gold International” pursuant to a restated partnership deed in July 2013. The partnership firm was converted into public limited company and the name was changed to Shanti Gold International Ltd in November 2013.
  • 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.
  • The company has established long standing relationships with corporate jewellery brands, such as Joyalukkas India Ltd, Lalithaa Jewellery Mart Ltd, Alukkas Enterprises Pvt. Ltd, Vysyaraju Jewellers Pvt. Ltd and Shree Kalptaru Jewellers (I) Pvt. Ltd and numerous other esteemed clients.
  • The company’s customer network spans 15 states and 2 union territories in India and 4 countries abroad.
  • The company’s manufacturing facility spans over 13,448.86 square feet in Andheri East, Mumbai, with installed manufacturing capacity of 2,700 kg per annum. Additionally, the company proposes to set a new   manufacturing facility in Jaipur, with an installed capacity of 1,200 kgs.
  • The new manufacturing facility will make machine-made plain gold jewellery, and the company has secured 3 Letters of Intent from prospective buyers in this new product category.
  • The company has a significant presence in Southern India and plans to expand its presence in In North India, where the preference for gold jewellery remains strong.
  • The company uses computer-aided design technology (“CAD”) for many of its jewellery pieces. As of May 31, 2025, the company had a team of 79 CAD designers, who develop over 400 designs per month on a regular basis.
  • The company catered to 455, 372 and 379 customers for the FY2025, 2024 and 2023. The company’s Revenue from Operations from the sale of jewellery and labour services grew at a CAGR of 27.61% from ? 6,79.40 Cr to ? 1106.41 Cr between FY 2023 to FY2025.
Read More

Strengths

Competitive Strength 

  • 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

Business Strategies 

  • 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

Company Promoters

Company Financials

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
Amount in ? Crore

Objects of the Issue

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

How to Apply

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  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
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