On 1 August 2025, Shanti Gold International made its first appearance on the stock exchanges, beginning trade at ₹229.10 on the BSE – around ₹30 higher than the issue price of ₹199, translating to a premium of roughly 15 per cent. On the NSE, the shares opened at ₹227.55, which was roughly ₹28.55 above the issue price, translating to an increase of close to 14.35 per cent.
IPO Details and Subscription
The public offering of Shanti Gold International was a completely fresh issue of 18.1 million equity shares, raising ₹360.11 crore. The price band for the IPO was fixed at ₹189–₹199 per share, with investors able to apply in lots of 75 shares. The subscription window remained open from 25 July to 29 July 2025.
The IPO witnessed very high demand, achieving a total subscription level of 81.17 times the shares on offer. Non-institutional investors (NIIs) led the demand with bids 151.48 times their allocated quota. The subscription data showed that QIBs bid for shares 117.33 times their allotted quota, whereas applications from retail investors were 30.37 times the reserved portion.
Utilisation of Funds
The company intends to deploy the funds raised from the IPO towards setting up a new facility in Jaipur as part of its capital expenditure plan. In addition, a portion of the proceeds will be utilised for working capital needs, repayment or prepayment of certain borrowings, and other general corporate purposes.
About the Company
Shanti Gold International specialises in producing 22kt CZ casting gold jewellery and is recognised for its expertise in this segment. The company offers a diverse portfolio that includes intricately designed bangles, rings, necklaces, and complete jewellery sets. Its products cater to a broad range of customers, from those seeking everyday wear to those purchasing jewellery for weddings and festive occasions.
Conclusion
The IPO of Shanti Gold International marked a strong debut, with shares listing at a premium of around 15 per cent. The robust investor response and impressive subscription figures reflect confidence in the company’s growth potential as it expands its operations and strengthens its position in India’s gold jewellery market.
