Shanti Gold IPO 2025 – GMP ₹40, Price Band ₹189‑199, Listing & Financials
📚 Table of Contents
🏢 Company Overview ( Shanti Gold IPO 2025 )
Founded in 2003 and incorporated as a public limited company in 2013, Shanti Gold International Ltd is a Mumbai‑based manufacturer of 22 Kt CZ casting gold jewellery, with in‑house production and a design team of 79 CAD professionals creating over 400 designs monthly. It serves marquee B2B clients such as Joyalukkas, Lalithaa Jewellery Mart, and Alukkas across 15 states and 4 international markets. The Mumbai facility produces 2,700 kg annually, with a 1,200 kg expansion underway in Jaipur.([turn0search11]turn0search6]turn0search10])
📌 Shanti Gold IPO 2025 Details
| Issue Size | ₹360.11 Crore (Fresh issue of ~1.81 crore shares) |
|---|---|
| Price Band | ₹189 – ₹199 per share |
| IPO Dates | 25 July – 29 July 2025 |
| Lot Size | 75 shares (~₹14,925 at upper band) |
| Listing Date | 1 August 2025 (Expected) |
| Lead Manager | Choice Capital Advisors Pvt Ltd |
| Registrar | Bigshare Services Pvt Ltd |
📊 Financial Highlights (₹ in Crores)
| Year | Revenue | Net Profit | EBITDA Margin | RoE | D/E Ratio |
|---|---|---|---|---|---|
| FY 2023‑24 | 679.4 | 19.8 | 7.51% | 32.3% | 2.18× |
| FY 2024‑25 | 1,106.4 | 55.8 | 8.83% | 44.85% | 1.6× |
💰 Use of IPO Proceeds
- ₹46.3 Cr – Setting up Jaipur manufacturing unit
- ₹200 Cr – Working capital requirements
- ₹17 Cr – Repayment/prepayment of borrowings
- Remaining – General corporate purposes
📈 Subscription & GMP Trends
On Day‑1 (25 July), the IPO saw 1.16× overall subscription, with retail at 1.84×, NII at 1.09×, and QIB muted. GMP is hovering around ₹39–₹40, implying a 20% expected listing gain.([turn0search1]turn0search2]turn0search5])
❓ FAQs – Shanti Gold IPO 2025
Q1: What is the GMP today?
~₹39–₹40 per share (~20% gain potential).([turn0search0]turn0search5])
Q2: What is the IPO price band?
₹189 to ₹199 per equity share.
Q3: What is the lot size?
75 shares (₹14,925 at upper band).
Q4: When will the IPO be listed?
Expected on 1 August 2025 on both NSE & BSE.
Q5: How can I apply?
🔗 Useful Links
📢 Final Verdict
Shanti Gold International exhibits strong growth trajectory, excellent return ratios, and a credible B2B model backed by marquee clients. While working capital intensity and valuation (P/B ~7×) remain watch points, the IPO appears attractively priced at ~19× P/E. Consider subscribing with caution based on risk appetite and market conditions.([turn0search2]turn0search6])
📜 Disclaimer
This content is for informational purposes only and should not be construed as financial advice. Please consult a SEBI-registered advisor and refer to the official RHP before investing.
