Shanti Gold International Limited IPO

Shanti Gold International Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹189 - ₹199

Total Issue

₹360.11 Cr

Bid Dates

25 Jul - 29 Jul

Subscription

81.17x

Est. GMP

₹37 (18.59%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Shanti Gold International Limited is one of the leading manufacturers of 22kt CZ casting gold jewellery in India, based on installed production capacity (Source: CARE Report). It specializes in designing and producing a wide range of high-quality gold jewellery, including bangles, rings, necklaces, and complete sets. With a strong focus on craftsmanship and design, the company caters to diverse consumer needs, offering jewellery across various price points suitable for weddings, festive occasions, and daily wear. Its extensive product range and design versatility position it as a prominent player in the Indian gold jewellery market.

Lot Info

Lot Information for Shanti Gold International IPO
Category Lots Shares Amount
Retail (Min) 1 75 ₹14,925
Retail (Max) 13 975 ₹1,94,025
S-HNI (Min) 14 1,050 ₹2,08,950
S-HNI (Max) 67 5,025 ₹9,99,975
B-HNI (Min) 68 5,100 ₹10,14,900

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹360.11 Cr
Fresh Issue
₹360.11 Cr (1.81 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of Issue

  1. Funding of capex requirements towards setting up of the Proposed Jaipur Facility
  2. Funding working capital requirements of our Company
  3. Repayment and in full or part, of certain borrowings availed by our Company
  4. General corporate purposes

Grey Market Premium

GMP ₹37
Est. Price ₹236
Est. Gain 18.59%

Shanti Gold International IPO Peer Comparison

(Rs. in crores)

Shanti Gold International IPO Peer Comparison Table
Particulars Shanti Gold International Utssav CZ Gold RBZ Jewellers Sky Gold
Revenue from Ops (in Crs.) 1,106.41 646.32 530.15 3,548.02
PAT (In Crs.) 55.84 38.80 132.66 25.06
EPS - Basic 10.34 11.63 9.70 9.52
NAV per share 28.22 53.23 61.26 46.61
RONW 44.85% 30.94% 17.15% 28.59%
EBITDA 8.83% 6.24% 12.24% 6.46%
PAT Margin 5.05% 3.88% 7.32% 3.74%
Price to earning (PE) 19.25 19.35 14.42 34.53
Debt to Equity 1.60 1.03 0.37 0.92
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 15, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Shanti Gold International IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 1,106.41 711.43 679.40
Profit after Tax 55.84 26.87 19.82
Net Worth 152.37 96.67 69.81
Total Borrowing 233.00 210.68 165.34
Total Assets 419.83 325.40 256.88
NAV per share (in ₹) 28.22 17.90 12.93
EPS - Basic (in ₹) 10.34 4.98 3.67

KPIs

EBITDA

8.83%

PAT

5.05%

RONW

44.85%

ROCE

25.70%

Debt to Equity

1.60

PE Ratio

19.25

PB Ratio

7.05

Mkt Cap (in Crs.)

1,434.71

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

99.98%

Public

0.02%

Pankajkumar Jagawat 49.98%
Manojkumar Jain 49.98%
Shashank Jagawat 0.01%
Other Promoter 0.02%

Management

Pankajkumar H Jagawat Chairman & MD
Shriram Kannan Iyengar CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Lead Managers (1)

Choice Capital Advisors Choice Capital Advisors

Subscription Status

Updated as on 29-Jul-2025 19:00:00

Mainboard Subscription Status for Shanti Gold International IPO
Category Sub (x) Offered Bids
QIB 117.33 36,19,200 42,46,33,800
NII 151.48 27,14,400 41,11,86,975
bHNI 173.08 18,09,600 31,32,13,875
sHNI 108.28 9,04,800 9,79,73,100
Retail 30.37 63,33,600 19,23,78,000
Total 81.17 1,26,67,200 1,02,81,98,775

Frequently Asked Questions

What is Shanti Gold International IPO?
Shanti Gold International IPO is a Mainboard IPO having an issue size of ₹360.11 Crs. Shanti Gold International IPO is priced at ₹189 - ₹199 per share. The issue opens on 25 Jul 25 and closes on 29 Jul 25.
When will Shanti Gold International IPO open?
Shanti Gold International IPO opens on 25 Jul 25 and closes on 29 Jul 25.
What is the GMP of Shanti Gold International IPO?
The estimated Grey Market Premium of Shanti Gold International IPO is ₹37 per share (18.59%).
What is the lot size of Shanti Gold International IPO?
The minimum lot size of Shanti Gold International IPO is 75 shares & the minimum application amount is Rs. 14925.
When is the allotment of Shanti Gold International IPO?
The allotment date of Shanti Gold International IPO is 30 Jul 25.
What is the listing date of Shanti Gold International IPO?
The listing date of Shanti Gold International IPO is 01 Aug 25.
What is the subscription of Shanti Gold International IPO?
Shanti Gold International IPO is subscribed 81.17 times.
What is the price band of Shanti Gold International IPO?
Shanti Gold International IPO is priced at ₹189 - ₹199 per share.
How to check allotment status of Shanti Gold International IPO?
Click the allotment link on Shanti Gold International IPO page of IPO360.
How to apply Shanti Gold International IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Shanti Gold International IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Shanti Gold International IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Shanti Gold International IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date