Shanti Gold International IPO
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Schedule of Shanti Gold International
| Issue open date | 25 Jul 2025 |
| Issue close date | 29 Jul 2025 |
| UPI mandate deadline | 29 Jul 2025 (5 PM) |
| Allotment finalization | 30 Jul 2025 |
| Refund initiation | 31 Jul 2025 |
| Share credit | 31 Jul 2025 |
| Listing date | 01 Aug 2025 |
| Mandate end date | 13 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 29 Aug 2025 |
| Lock-in end date for anchor investors (remaining) | 28 Oct 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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 emphasises quality control through its in-house manufacturing facility in Mumbai.
Financials of Shanti Gold International
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹360.11 crores |
| Fresh Issue | ₹360.11 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 46.30 (12.85%) |
| Working capital requirements | 200 (55.53%) |
| Repayment of outstanding borrowings | 17 (4.7%) |
| General corporate purposes |
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.
Subscription Figures for Shanti Gold International
As per media reports (Link), the Grey Market Premium (GMP) of Shanti Gold International is reported at ₹39 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on July 28, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 36.19 | 1.75 | 0.05x |
| NII | 27.14 | 204.31 | 7.53x |
| Retail | 63.34 | 418.84 | 6.61x |
| Total | 126.67 | 624.91 | 4.93x |