Shanti Gold eyes Rs 360-cr via IPO; issue to open on Jul 25
Shanti Gold International, a gold jewellery manufacturer, has set the IPO price band at ₹189-₹199 per share, aiming to raise ₹360 crore. The IPO opens on July 25 and closes on July 29, featuring a fresh issue of 1.81 crore shares. Proceeds will fund a Jaipur facility, working capital, debt repayment, and general corporate needs.
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Manufacturer of gold jewellery Shanti Gold International on Tuesday fixed a price band of Rs 189 to Rs 199 per equity share for its upcoming Rs 360-crore initial public offering (IPO).The IPO will open for public subscription on July 25 and close on July 29, the company said.The issue is entirely a fresh issue of 1.81 crore shares worth Rs 360.11 crore, at the upper-end of the price band, with no offer-for-sale (OFS) component.Proceeds of the issue will be used for setting up a facility in Jaipur, funding the company's incremental working capital requirements, payment of debt and for general corporate purposes.The Mumbai-based Shanti Gold specialises in the design and production of various types of gold jewellery. As of now, the company has an installed manufacturing capacity of 2,700 kg per annum.Shanti Gold's revenue from operations increased by 55.52 per cent to Rs 1,106.41 crore in fiscal 2025, from Rs 711.43 crore in the preceding fiscal and profit after tax rose to Rs 56 crore in fiscal 2025, from Rs 27 crore in fiscal 2024.The company announced that half of the issue size has been reserved for qualified institutional buyers , 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Choice Capital Advisors is the sole book-running lead manager to the issue. PTI
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