Shanti Gold International came to market through an IPO that opened on 25 July 2025 and closed on 29 July 2025, and the shares listed on 1 August 2025 on BSE, NSE. The price band was ₹189 to ₹199 per share and one lot was 75 shares, so the minimum application was ₹14,925. The issue size was ₹360.11 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Choice Capital Advisors Pvt Ltd was the lead manager.
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Shanti Gold International Limited was incorporated in the year 2003 and is a business manufacturer of gold jewelry. The company is involved in the production of high-quality 22kt CZ casting gold jewelry, with specialization in design and manufacture.The company specializes in manufacturing high-quality, ornate-designed jewelry, such as bangles, rings, necklaces, and sets, for special occasions, weddings, festivals, and everyday wear at competitive prices. The company has a in-house manufacturing setup for design, production, and packaging to maintain quality control.
The company utilizes sophisticated machines and outsourced manpower for labor-intensive jobs such as manual stone setting, maintaining precision and workmanship.The company possesses a 13,448.86 square feet manufacturing unit at Andheri East, Mumbai, and has the capacity to produce 2,700 kg per annum, allowing precise and effective production of jewelry.The firm staff of 80 computer-aided design technology (CAD) designers produce more than 400 gemstone-set CZ gold pieces every month, employing sophisticated CAD technology to design elaborate pieces.
The firm has secured long-term associations with a number of jewelry firms, including corporate labels such as Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers, and Shree Kalptaru Jewellers, among others.The company was started in 2003 and has grown to 13 states and one union territory up to September 30, 2024, with its branches in prominent cities such as Mumbai, Bangalore, Chennai, and Hyderabad. Product portfolio:
The company has a range of intricately crafted jewelry, such as bangles, rings, necklaces, and full sets. It serves various price segments, offering jewelry for special occasions such as weddings and also for festive and everyday wear. As of 15th November, 2024, the company employed a total of 225 people.
As described in the offer document.
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Shanti Gold International IPO; anchor book closes with bids valued at Rs 108 crore. Societe Generale, Wealthwave Capital Fund, Vijit Growth Fund, Founders Collective Fund, Smart Horizon Opportunity Fund, Swyom India Alpha Fund, and Sunrise Investment Opportunities Fund were part of 15 investors dealt with the anchor book
Pankajkumar H Jagawat, Manojkumar N Jain, Shashank Bhawarlal Jagawat.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shanti Gold International IPO was a ₹360.11 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹189–₹199 per share with a lot size of 75 shares (₹14,925). The IPO was open from July 25 to July 29, 2025. Shares listed on BSE and NSE on August 1, 2025 at ₹227.55, a 14.3% premium to the issue price of ₹199. Bigshare Services Pvt Ltd is the registrar.
Choice Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Shanti Gold International IPO is ₹189 to ₹199 per share.
The lot size of Shanti Gold International IPO is 75 shares.
The minimum investment for Shanti Gold International IPO is approximately ₹14,925 based on the upper price band.
The allotment date of Shanti Gold International IPO is Jul 30, 2025.
Shanti Gold International IPO's final recorded GMP before listing was ₹32 per share (a 16% premium over the ₹199 upper price band). The shares listed at ₹227.55. GMP is unofficial and does not forecast or guarantee the actual listing price.
Shanti Gold International IPO listed on Aug 1, 2025. It was issued at ₹227.55(NSE) and is currently around ₹297.00 as on 3-Nov-2026 3:30 PM, which is approximately 49.2% versus issue price. The 52-week high is ₹437.60.
You can check Shanti Gold International IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shanti Gold International IPO allotment status on Rupix for quick and easy access.
₹189 to ₹199 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 75 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,925.
₹14,925, for one lot of 75 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 25 July 2025 and closed on 29 July 2025.
The basis of allotment was published on 30 July 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 August 2025 on BSE, NSE.
The issue size was ₹360.11 crore. The fresh issue was 1,80,96,000 shares (aggregating up to ₹360.11 crore).