Shanti Gold International IPO Details
The Shanti Gold International IPO is a book build issue with a total issue size of ₹360.11 cr, comprising of fresh issue of 18096000 equity shares. Shanti Gold International IPO opened for subscription on Jul 25, 2025 and closed on Jul 29, 2025. Shanti Gold International IPO is set price band at ₹189 to ₹199 per share, with a lot size of 75 shares. Minimum investment for Retail investors was ₹14,925.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 30, 2025, and listed on both the NSE and BSE on Aug 01, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Choice Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Shanti Gold International IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 189 – 199
- Lot Size
- 75
- Issue Size
- ₹360.11 Cr
- Minimum Investment
- ₹14925 (75 Shares)
- Listing Date
- 01 August 2025
Current GMP
₹34 (+17.09%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Shanti Gold International Limited
Established in 2003, Shanti Gold International Limited is a leading Indian manufacturer of high-quality 22kt CZ casting gold jewellery, specializing in the design and production of intricately crafted bangles, rings, necklaces, and complete jewellery sets. The company caters to diverse price points for weddings, festive occasions, and daily wear.
Manufacturing Capabilities:
- Fully integrated in-house manufacturing facility in Andheri East, Mumbai, spanning 13,448.86 sq. ft.
- Annual installed production capacity of 2,700 kg
- Advanced machinery (casting machines, induction melters, etc.) and skilled outsourced labour for manual stone setting
- 79 CAD designers producing 400+ new designs monthly
Product Portfolio:
Wide range of customizable CZ gold jewellery, including:
- Bangles, rings, necklaces, bridal sets
- Jewellery for special occasions, festive, and everyday use
Customer Base & Market Presence:
- Long-standing relationships with major corporate clients including Joyalukkas, Lalithaa Jewellery, Alukkas Enterprises, and more
- Presence across 15 states, 2 union territories in India and exports to four countries
- Expanded from one city in Maharashtra to major metros like Mumbai, Bangalore, Chennai, and Hyderabad
Strengths:
- Strong design capabilities backed by experienced promoters (20+ years in the industry)
- In-house quality control across the production cycle
- Broad market coverage and a stable customer network
- Financially robust with consistent growth trajectory
Expansion Plans:
- New manufacturing facility planned in Jaipur to support further growth and market penetration, especially in North India
Shanti Gold International IPO Promoters
- Pankajkumar H Jagawat
- Manojkumar N Jain
- Shashank Bhawarlal Jagawat
Promoters Holding
Holding Pre Issue
99.98%
Holding Post Issue
74.89%
Shanti Gold International IPO Objective
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
- Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility
- Funding working capital requirements of the Company.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company.
- General corporate purposes.
Address / Contact Info
Shanti Gold International Limited
Plot No A-51, 2nd Floor to 7th Floor, MIDC,
Marol Industrial Area, Road no.-1,
Near Tunga International Hotel,
Mumbai, Maharashtra, 400093
Phone: + 91 22 4824 964
Email: cs@shantigold.in
Website: https://shantigold.in/
IPO Snapshot
Book Running Lead Managers
- Choice Capital Advisors Pvt Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shanti Gold International IPO is a Book-building IPO with a total issue size of ₹360.11 crore. The Shanti Gold International IPO price band is ₹189 to 199 per share. The Shanti Gold International IPO subscription opens on Fri, Jul 25, 2025, and closes on Tue, Jul 29, 2025. The Shanti Gold International IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Shanti Gold International IPO.
The Shanti Gold International IPO opens on Fri, Jul 25, 2025 and closes on Tue, Jul 29, 2025
Shanti Gold International IPO Price Band is ₹189 to 199 per share.
Shanti Gold International IPO lot size is 75 shares, Retail investors need a minimum investment of ₹14925 based on the upper price band
The minimum investment for Shanti Gold International IPO is ₹14925, based on one lot of 75 shares at the upper price band of ₹199 per share.
Investors can apply for the Shanti Gold International IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jul 29, 2025. The application amount remains blocked until the Shanti Gold International IPO allotment is finalized.
Shanti Gold International IPO issue size is ₹360.11 crores.
Shanti Gold International IPO allotment date is Wed, Jul 1, 2026.
The registrar for Shanti Gold International IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Shanti Gold International IPO allotment status, refund processing, and other IPO-related information.
The Shanti Gold International IPO GMP (Grey Market Premium) is ₹34 as of Fri, Aug 1, 2025. Based on the upper price band of ₹199 per share, the estimated Shanti Gold International IPO listing price is ₹233, indicating a potential listing gain of approximately 0% over the issue price.