Shanti Gold International IPO Day 2: Check GMP, Subscription Status & Key Highlights
Shanti Gold International Ltd, the manufacturer of 22 karat (kt) cubic zirconia (CZ) casting gold jewellery, launched its IPO on July 25, 2025. The bidding window for the Initial Public Offering (IPO) will be opened till July 29, 2025.
The allotment process is expected to be finalised on July 30, 2025, with the company's shares set to be listed on both the BSE and NSE tentatively on Friday, August 1, 2025.
Shanti Gold International IPO Details
Shanti Gold International IPO is a bookbuilding of ₹360.11 crores. The issue is entirely fresh issue of 1.81 crore shares. The IPO price band is set at ₹189 to ₹199 per share. The minimum lot size for an application is 75, and the minimum amount of investment required is ₹14,175.
Choice Capital Advisors Pvt Ltd is the book-running lead manager of the Shanti Gold International IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Shanti Gold International IPO Day 2 Subscription Status
(July 28, 2025, 5 PM)
On Day 2, Shanti Gold International IPO saw a subscription rate of 4.93 times. The public issue was subscribed 6.61 times in the retail category, 0.05 times in QIB, and 7.53 times in the NII category.
Also Read : Shanti Gold International IPO Day 1 Subscription Status
Utilization of IPO Proceeds
The net proceeds from the issue will be used towards the following purposes:
- Fund working capital requirements.
- Fund capital expenditure requirements to set up the proposed Jaipur facility.
- Repay/prepay outstanding borrowings.
- General corporate purposes.
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Shanti Gold International GMP Details
According to Livemint, the Grey Market Premium (GMP) of Shanti Gold International Ltd was ₹38 as of July 28, 2025, 08:51 a.m. This indicates that the shares of the company are likely to be listed at ₹237, with a premium of 19.10% over the upper end of the price band.
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Source: Livemint Media Report dated July 28, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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Shanti Gold International Ltd Business Overview
Shanti Gold International Ltd, founded in 2003 and headquartered in Mumbai, manufactures high-quality 22kt CZ casting gold jewellery. Operating on a pure B2B model, it supplies a diverse range of bangles, rings, necklaces, and bridal sets to key jewellery chains in India across 15 states and 1 union territory, including clients such as Joyalukkas and Lalithaa Jewellery.
The company’s manufacturing operations are centralised at an integrated production unit in Andheri East, Mumbai, covering a total area of approximately 13,448.86 square feet. In FY25, Shanti Gold reported revenue of ₹1,112.47 crore and net profit of ₹55.84 crore.
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