Shanti Gold International Limited IPO
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.
Price Band₹189 - ₹199 |
Dates25 Jul - 29 Jul |
GMP₹37 (18.59%) |
Subscriptions81.17 times |
Issue Size₹360.11 Crs |
Shanti Gold International IPO Objects
- Funding of capex requirements towards setting up of the Proposed Jaipur Facility
- Funding working capital requirements of our Company
- Repayment and in full or part, of certain borrowings availed by our Company
- General corporate purposes
Shanti Gold International IPO Details
Price Band₹189 - ₹199 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹360.11 Cr (1.81 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹360.11 Cr (1.81 Cr Shares) |
Face Value₹10 per equity share |
Shanti Gold International IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
75
14,925
Maximum
13
975
1,94,025
|
|||
| Small HNI |
Minimum
14
1,050
2,08,950
Maximum
67
5,025
9,99,975
|
|||
| Big HNI |
Minimum
68
5,100
10,14,900
|
|||
Shanti Gold International IPO Subscription
Updated as on 29-Jul-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 117.33 | 36,19,200 | 42,46,33,800 |
| NII | 151.48 | 27,14,400 | 41,11,86,975 |
| bNII (bids above ₹10L) | 173.08 | 18,09,600 | 31,32,13,875 |
| sNII (bids between ₹2L to ₹10L) | 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 |
Shanti Gold International IPO GMP
The estimated Grey Market Premium of Shanti Gold International IPO is ₹37 per share (18.59%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
Shanti Gold International IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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.
Shanti Gold International IPO Peer Comparision
| 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
Shanti Gold International IPO Peer Comparision
| Particulars | Shanti Gold International |
|---|---|
| Revenue from Ops (in Crs.) | 1,106.41 |
| PAT (In Crs.) | 55.84 |
| EPS - Basic | 10.34 |
| NAV per share | 28.22 |
| RONW | 44.85% |
| EBITDA | 8.83% |
| PAT Margin | 5.05% |
| Price to earning (PE) | 19.25 |
| Debt to Equity | 1.60 |
| Utssav CZ Gold | RBZ Jewellers | Sky Gold |
|---|---|---|
| 646.32 | 530.15 | 3,548.02 |
| 38.80 | 132.66 | 25.06 |
| 11.63 | 9.70 | 9.52 |
| 53.23 | 61.26 | 46.61 |
| 30.94% | 17.15% | 28.59% |
| 6.24% | 12.24% | 6.46% |
| 3.88% | 7.32% | 3.74% |
| 19.35 | 14.42 | 34.53 |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Pankajkumar Jagawat | 49.98% |
| Manojkumar Jain | 49.98% |
| Shashank Jagawat | 0.01% |
| Other Promoter | 0.02% |
| Total | 99.98% |
Management Details
| Name | Designation |
|---|---|
| Pankajkumar H Jagawat | Chairman & MD |
| Shriram Kannan Iyengar | CFO |
Company Details
Name: Shanti Gold International Limited
Address: Plot No A-51, 2nd Floor to 7th Floor, MIDC, Marol Industrial Area, Road No.-1, Near Tunga International Hotel, Andheri (E), Chakala MIDC, Mumbai - 400093, Maharashtra, India.
Number: + 91 22 4824 9647 (413)
Email: cs@shantigold.in
Website: www.shantigold.in
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Shanti Gold International IPO is a Mainboard IPO having an issue size of Rs. ₹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.
Shanti Gold International IPO opens on 25 Jul 25 and closes on 29 Jul 25.
The estimated Grey Market Premium of Shanti Gold International IPO is ₹37 per share (18.59%).
The minimum lot size of Shanti Gold International IPO is 75 shares & the minimum application amount is Rs. 14925.
The allotment date of Shanti Gold International IPO is 30 Jul 25.
The listing date of Shanti Gold International IPO is 01 Aug 25.
Shanti Gold International IPO is subscribed 81.17 times.
Shanti Gold International IPO is priced at ₹189 - ₹199 per share.
Click the allotment link on Shanti Gold International IPO page of IPO360.
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