Shanti Gold International IPO Upcoming
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About Shanti Gold International
Shanti Gold International is a jewellery manufacturer focusing on producing 22 Kt CZ gold jewellery. The company offers a variety of designs, including bangles, rings, and necklaces, catering to diverse customer needs. Operating across multiple Indian states and international markets, Shanti Gold International emphasizes quality control through its in-house manufacturing facility in Mumbai.
Financials of Shanti Gold International
*All figures are in ₹ Crores.
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 45.8 |
| Working capital requirements | 190 |
| Repayment of outstanding borrowings | 20 |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- A wide variety of 22 Kt CZ gold jewellery designs are offered.
- Intricate jewellery crafted using CAD technology by expert team.
- Fully integrated in-house manufacturing ensures quality control.
- Promoters with over 20 years of industry experience each.
- Strong financial growth with increasing revenue and profitability.
Risks
- Significant delays in TDS payments potentially incur penalties.
- Heavy reliance on in-house manufacturing may impede flexibility.
- Critical skilled personnel departure could disrupt operations.
- Non-compliance with environmental laws risks operational shutdowns.
- Inadequate working capital could hinder business expansion efforts.