Shanti Gold IPO Opens at ₹189–₹199: All You Need to Know Before Investing
The much-anticipated Shanti Gold IPO is here, and investors across the country are excited about what this gold jewellery manufacturer brings to the table. With a strong legacy in casting gold jewellery, Shanti Gold International has now stepped into the capital markets to fuel its growth, expansion, and financial stability. The price band for the IPO has been fixed between ₹189 and ₹199 per share, sparking significant buzz across trading communities and digital platforms.
Let’s take a deeper look at all the details, including subscription dates, GMP updates, anchor investors, and how the company plans to use the IPO proceeds.
Shanti Gold IPO Subscription Dates and Listing Details
The Shanti Gold IPO opens for public subscription on July 25 and will close on July 29. The issue size is ₹360 crore and is entirely a fresh issue of 1.81 crore equity shares. There is no Offer For Sale (OFS), meaning all the raised funds will go directly to the company for growth and expansion.
For retail investors, the minimum application lot is 75 shares. The expected date for IPO allotment is July 30, and the company is likely to be listed on both the NSE and BSE on August 1, subject to market conditions.
Shanti Gold International Raises ₹108 Crore from Anchor Investors
Just a day before the IPO hit the market, Shanti Gold International successfully raised ₹108 crore from anchor investors, showcasing strong institutional interest. A total of 54.28 lakh shares were allotted at the upper end of the price band—₹199 per share.
Some of the major anchor investors include:
- Societe Generale – ODI
- Wealthwave Capital Fund
- Rajasthan Global Securities Pvt. Ltd.
- J4S Venture Fund – I
- Shine Star Build Cap Pvt. Ltd.
Each of these received the highest allocation of 9.268%, while Vijay Growth Fund received the second-highest allocation of 8.43%. Interestingly, domestic mutual funds did not participate in the anchor portion, highlighting a skew towards alternative and global investment entities.
Use of IPO Proceeds: Fueling Growth and Reducing Debt
According to the company’s Red Herring Prospectus, the proceeds from the IPO will be utilized for several key areas critical to Shanti Gold’s future. The biggest chunk—₹200 crore—will go toward working capital requirements, allowing the company to better manage its day-to-day operations amid rising raw material costs and increased demand.
In addition:
- ₹17 crore will be used to repay existing debt, improving the financial stability and credit position of the company.
- ₹46 crore will be invested in establishing a new state-of-the-art manufacturing facility in Jaipur, a rising hub for jewellery production.
Jaipur Facility to Boost Production Capacity Significantly
The new manufacturing facility proposed in Jaipur is a big part of Shanti Gold’s long-term vision. With an installed production capacity of 1,200 kg, the facility will expand the company’s total production capability to 3,900 kg, strengthening its ability to serve both domestic and international markets.
This move not only enhances production efficiency but also positions the company in a region that is rich in skilled artisans, supply chain resources, and export infrastructure.
Who’s Managing the Shanti Gold IPO?
For this IPO, Choice Capital Advisors Pvt. Ltd. is acting as the book-running lead manager, ensuring a smooth and professionally managed process. Bigshare Services Pvt. Ltd. has been appointed as the registrar to the offer, responsible for handling applications and allotments.
With experienced partners on board, the IPO process is expected to be seamless, right from bidding to allotment and final listing.
Market Buzz: What’s the GMP Saying?
As of the latest updates, Shanti Gold International IPO GMP Today shows a healthy premium in the grey market, reflecting strong market sentiment and investor confidence. Although grey market premiums are unofficial, they often give a hint about potential listing gains.
With search terms like Shanti Gold International IPO GMP trending online, it’s clear that the public interest in this IPO is high. Whether this momentum carries through to the listing date will depend on broader market conditions and investor response during the subscription period.
Final Thoughts: Should You Invest?
For those looking at stable, long-term investments, the Shanti Gold IPO presents an interesting opportunity. The company’s focus on expansion, better working capital management, and debt reduction paints a strong picture of future growth. The Jaipur facility, once operational, will further strengthen their position in the competitive jewellery market.
With a strong institutional backing from anchor investors and a clear roadmap ahead, Shanti Gold IPO International could be one of the more promising IPOs in 2025. However, investors should always evaluate their personal financial goals and consult with an advisor before making investment decisions.
Disclaimer:
This article is for educational and informational purposes only and does not constitute any investment advice or recommendation. Please consult your financial advisor before investing. Investing in IPOs and stock markets is subject to risks, including loss of capital. The information presented here is based on publicly available sources and intended to support general understanding, not to promote any specific security.
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