The much-anticipated Shanti Gold International IPO is now open for public subscription from July 25 to July 29, 2025. This is a significant entry in the primary market, inviting investors to participate in the growth story of a leading gold jewellery manufacturer specializing in 22kt cubic zirconia (CZ) casting designs. Whether you are a seasoned IPO investor or a first-time applicant, this easy-to-understand guide covers the IPO’s timeline, issue size, price details, Grey Market Premium (GMP), strengths, risks, and clear steps on how to apply online.
Shanti Gold International IPO: Key Details
- IPO Open: July 25, 2025
- IPO Close: July 29, 2025
- Allotment Date: July 30, 2025
- Listing Date: August 1, 2025 (BSE, NSE)
- Face Value: ₹10 per share
- Price Band: ₹189–₹199 per share
- Lot Size: 75 shares (Minimum investment ₹14,175)
- Maximum Investment: Up to 13 lots (975 shares, ₹1,94,025)
- Total Issue Size: ₹360.11 crore (1.81 crore equity shares, entirely fresh issue)
- Lead Manager: Choice Capital Advisors Pvt. Ltd.
- Registrar: Bigshare Services Pvt. Ltd.
The Shanti Gold International IPO is a book-built issue, meaning the final price will be discovered based on investor demand within the price band.
Company Overview: What Does Shanti Gold International Do?
Founded in 2003, Shanti Gold International Ltd. has built a strong reputation designing and manufacturing high-quality, customized 22kt CZ gold jewellery. The company is recognized for its fully integrated in-house design, manufacturing, and packaging processes, ensuring superior quality control at every stage. Shanti Gold supplies a wide range of gold jewellery to a fixed client base of over 400 customers, serving both domestic and export markets.
Also Read Brigade Hotel Ventures IPO Opens for Subscription: Key Dates, Price, Lot Size, and How to Apply
Recent Financial Performance:
- FY25 saw a sharp jump in revenue, EBITDA, and net profit compared to the previous year, showing robust financial growth and operational efficiency.
- The management has focused on debt reduction, working capital optimization, and digitization to sustain growth and margins.
Use of IPO Funds:
- Working capital enhancement
- Setting up a new facility in Jaipur
- Debt repayment
- General corporate purposes
Grey Market Premium (GMP) and Subscription Response
As of Day 1, the Shanti Gold International IPO GMP stands at ₹39 per share, signalling a positive sentiment with a nearly 20% premium over the upper price band. The IPO was subscribed 1.16x on the first day, with retail interest particularly strong (retail portion booked 1.84x as of July 25, 2025, 5:00 PM). While GMP shows market enthusiasm, it is influenced by market mood and can fluctuate until listing.
Strengths and Risks
Strengths:
- Integrated in-house manufacturing system for scale and quality.
- Longstanding relationships with over 400 clients.
- Strong financial growth in recent years.
- Experienced management and focus on process optimization.
Risks:
- Business depends on gold prices and regulatory changes.
- Highly competitive segments in both domestic and export markets.
- Working capital intensive operations; margins can be affected by fluctuations in demand or raw material cost.
How to Apply for Shanti Gold International IPO
Investors can apply conveniently online through their broker’s IPO platform or via net banking (ASBA):
- Log into your trading or net banking account.
- Go to the IPO section and select “Shanti Gold International IPO.”
- Enter the number of lots (min. 1 lot = 75 shares), select your bid price (most retail investors prefer the cutoff/maximum price).
- Provide your UPI ID for payment authorization (if using broker apps).
- Review and submit your application. Authorize the mandate through your UPI app before 5 PM of the closing day.
- Post-application, track the allotment status using your PAN or application number after July 30, 2025.
Funds will only be debited if shares are allotted; otherwise, the blocked amount will be released.
Should You Invest?
The Shanti Gold International IPO presents an opportunity to enter India’s vibrant gold jewellery segment through a proven and growing company. The strong demand on Day 1, robust GMP, and healthy financials are positives. However, as always, review the Red Herring Prospectus, consider gold price volatility, and consult a financial advisor to align the IPO investment with your risk profile.