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Business Standard
9 hours ago
- Business
- Business Standard
Shanti Gold IPO opens on July 25; aims to raise ₹360-cr: Check key details
Shanti Gold International IPO: Shanti Gold International, a gold jewellery manufacturer, is set to launch its ₹360.11 crore initial public offering (IPO) on July 25, 2025. The mainline offering comprises a fresh issuance of 18.1 million equity shares and no offer for sale (OFS) component. The company has reserved not more than 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). Shanti Gold IPO price band, lot size The company has set the price band in the range of ₹189 to ₹199 per share, with a lot size of 75. A retail investor is eligible to bid for a minimum of one lot of 75 shares and in multiples thereof. At the upper price band, a retail investor would require a minimum investment amount of ₹14,925. Shanti Gold IPO key dates According to the RHP, the three-day subscription window will tentatively close on Tuesday, July 29, 2025. The anchor investor bid period shall be one working day before the issue opening date, i.e. Thursday, July 24, 2025. The basis of the allotment of shares is likely to be finalised on or before Wednesday, July 30, 2025. Shares of Shanti Gold will be listed on both the exchanges, National Stock Exchange and BSE, tentatively on Friday, August 1, 2025. Shanti Gold IPO registrar, lead managers Bigshare Services is the registrar for the issue. Choice Capital Advisors is the sole book-running lead manager. Shanti Gold IPO objective According to the red herring prospectus (RHP), the company plans to utilise ₹46.2 crore from the net issue proceeds for setting up a proposed facility in Jaipur, ₹200 crore for working capital requirements and ₹17 crore for repayment of debt. The remaining funds will be used for general corporate purposes. Shanti Gold International financial snapshot In the fiscal 2024-25 (FY25), Shanti Gold International reported a revenue from operations of ₹1,106.4 crore, up 55.5 per cent from ₹711.4 crore in the previous fiscal. The company's net profit doubled to ₹55.8 crore in FY25 from ₹26.8 crore in FY24. It reported earnings before interest, tax, depreciation and amortisation (Ebitda) of ₹97.7 crore, up 83 per cent from ₹53.45 crore in the previous fiscal. Ebitda margins expanded from 7.51 per cent to 8.83 per cent in the same period. About Shanti Gold International Shanti Gold International is a manufacturer of 22 karat CZ casting gold jewellery. It specialises in the design and manufacturing of all types of gold jewellery. The company offers a wide range of intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points. Shanti Gold operates a fully integrated in-house manufacturing facility in Andheri East, Mumbai.
Economic Times
2 days ago
- Business
- Economic Times
Shanti Gold eyes Rs 360-cr via IPO; issue to open on Jul 25
Shanti Gold International is launching its IPO. The price is set between Rs 189 and Rs 199 per share. The IPO aims to raise Rs 360 crore. 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. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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) 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 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 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 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
News18
2 days ago
- Business
- News18
Shanti Gold eyes Rs 360-cr via IPO; issue to open on Jul 25
Agency: PTI New Delhi, Jul 22 (PTI) 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 SP DRR view comments First Published: July 22, 2025, 14:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
2 days ago
- Business
- Mint
Shanti Gold International IPO: Price band set at ₹189-199 per share; check GMP, issue details, more
The Shanti Gold International IPO price band has been fixed in the range of ₹ 189 to ₹ 199 per equity share of the face value of ₹ 10. The Shanti Gold IPO date of subscription is scheduled for Friday, July 25, and will close on Tuesday, July 29. The allocation to anchor investors for the Shanti Gold International IPO is scheduled to take place on Thursday, July 24. The Shanti Gold IPO lot size is 75 equity shares and in multiples of 75 equity shares thereafter. Shanti Gold IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Shanti Gold International IPO basis of allotment of shares will be finalised on Wednesday, July 30, and the company will initiate refunds on Thursday, July 31, while the shares will be credited to the demat account of allottees on the same day following refund. Shanti Gold share price is likely to be listed on BSE and NSE on Friday, August 1. The Shanti Gold International IPO consists solely of a fresh issue of 1.8 crore shares. The company plans to allocate ₹ 46.3 crore of the IPO proceeds towards establishing its proposed facility in Jaipur, while ₹ 200 crore will be directed towards meeting working capital needs. Additionally, ₹ 17 crore will be utilized for debt repayment (which stood at ₹ 242 crore as of May 2025), and the remaining funds will be designated for general corporate activities. Choice Capital Advisors Pvt Ltd serves as the lead manager for the Shanti Gold International IPO, with Bigshare Services Pvt Ltd acting as the registrar for the offering. Shanti Gold International IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 199 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price. Established in 2003, Shanti Gold International specializes in 22kt CZ gold jewellery, boasting a manufacturing capacity of 2,700 kg annually. As per the red herring prospectus (RHP), the firm's listed peers are Utssav CZ Gold Ltd (with a P/E of 19.35), RBZ Jewellers Ltd (with a P/E of 14.42), and Sky Gold Ltd (with a P/E of 34.53). In terms of financial performance, the company achieved a profit of ₹ 55.8 crore for the fiscal year ending March 2025, marking a remarkable increase of 107.8 percent from ₹ 26.9 crore the previous year. During the same timeframe, revenue surged by 55.5 percent to reach ₹ 1,106.4 crore, up from ₹ 711.4 crore.
Mint
2 days ago
- Business
- Mint
Shanti Gold International IPO: Price band set at ₹189-199 per share; check GMP, issue details, more
The Shanti Gold International IPO price band has been fixed in the range of ₹ 189 to ₹ 199 per equity share of the face value of ₹ 10. The Shanti Gold IPO date of subscription is scheduled for Friday, July 25, and will close on Tuesday, July 29. The allocation to anchor investors for the Shanti Gold International IPO is scheduled to take place on Thursday, July 24. The Shanti Gold IPO lot size is 75 equity shares and in multiples of 75 equity shares thereafter. Shanti Gold IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Shanti Gold International IPO basis of allotment of shares will be finalised on Wednesday, July 30, and the company will initiate refunds on Thursday, July 31, while the shares will be credited to the demat account of allottees on the same day following refund. Shanti Gold share price is likely to be listed on BSE and NSE on Friday, August 1. The Shanti Gold International IPO consists solely of a fresh issue of 1.8 crore shares. The company plans to allocate ₹ 46.3 crore of the IPO proceeds towards establishing its proposed facility in Jaipur, while ₹ 200 crore will be directed towards meeting working capital needs. Additionally, ₹ 17 crore will be utilized for debt repayment (which stood at ₹ 242 crore as of May 2025), and the remaining funds will be designated for general corporate activities. Choice Capital Advisors Pvt Ltd serves as the lead manager for the Shanti Gold International IPO, with Bigshare Services Pvt Ltd acting as the registrar for the offering. Shanti Gold International IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 199 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price. Established in 2003, Shanti Gold International specializes in 22kt CZ gold jewellery, boasting a manufacturing capacity of 2,700 kg annually. As per the red herring prospectus (RHP), the firm's listed peers are Utssav CZ Gold Ltd (with a P/E of 19.35), RBZ Jewellers Ltd (with a P/E of 14.42), and Sky Gold Ltd (with a P/E of 34.53). In terms of financial performance, the company achieved a profit of ₹ 55.8 crore for the fiscal year ending March 2025, marking a remarkable increase of 107.8 percent from ₹ 26.9 crore the previous year. During the same timeframe, revenue surged by 55.5 percent to reach ₹ 1,106.4 crore, up from ₹ 711.4 crore. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
