Latest news with #ShantiGold
Mint
41 minutes ago
- Business
- Mint
Shanti Gold IPO allotment date in focus. Latest GMP, steps to check share allotment status online
Shanti Gold International IPO Allotment: The initial public offering (IPO) of gold jeweller manufacturer Shanti Gold International received stellar demand from investors. As the bidding period has ended, market participants now focus on Shanti Gold International IPO allotment date, which is likely to be out soon. The public issue was open from July 25 to 29. Shanti Gold IPO allotment date is likely today, 30 July 2025, and the tentative IPO listing date is August 1. The company is expected to finalise the basis of Shanti Gold IPO allotment soon. Once the share allotment is fixed, the company will then credit the equity shares into the demat accounts of the eligible allotment holders on July 31, and initiate refunds on the same day. Investors can check Shanti Gold IPO allotment status online, through the websites of the stock exchanges, BSE and NSE, along with the official portal of the IPO registrar. Bigshare Services Pvt Ltd is Shanti Gold International IPO registrar. In order to do Shanti Gold IPO allotment status check online, investors must follow a few simple steps mentioned below: Step 2] Select 'Equity' in the Issue Type Step 3] Choose 'Shanti Gold International Limited' in the Issue Name dropdown menu Step 4] Enter either Application No. or PAN Step 5] Verify by ticking on 'I am not robot' and click on 'Search' Your Shanti Gold IPO allotment status will be displayed on the screen. Step 2] Select 'Equity and SME IPO bids' Step 3] Choose 'Shanti Gold International Limited' from the Issue Name dropdown menu Step 4] Enter your PAN and Application Number Your Shanti Gold IPO allotment status will be displayed on the screen. Step 1] Visit the web portal of Bigshare Services here - Step 2] Select 'Shanti Gold International Limited' in the Select Company dropbox Step 3] Choose among - Application Number/CAF No, Beneficiary ID, or PAN Step 4] Enter the details as per the option selected Step 5] Fill the captcha and hit on 'Search' Your Shanti Gold IPO allotment status will be displayed on the screen. Shanti Gold International shares are witnessing a decent demand in the unlisted market, with a higher grey market premium (GMP). According to stock market experts, Shanti Gold IPO GMP today is ₹ 38 per share. This indicates that in the unlisted market, Shanti Gold shares are trading higher by ₹ 38 than their issue price. Considering the Shanti Gold IPO GMP today, the estimated listing price of Shanti Gold shares would be ₹ 237 apiece, a premium of 19.10% to the IPO price of ₹ 199 per share. The mainboard IPO was open for subscription from July 25 to July 29. Shanti Gold IPO allotment date is likely today, 30 July 2025, and the IPO listing date is expected to be August 1. The equity shares of Shanti Gold International will be listed on BSE and NSE. Shanti Gold International IPO price band was set at ₹ 199 per share. The company raised ₹ 360.11 crore from the book-building issue which was entirely a fresh issue of 1.81 crore equity share. Shanti Gold International IPO has been subscribed 81.17 times in total, NSE subscription status data showed. The public issue was booked 30.37 times in the retail category, and 117.33 times in the Qualified Institutional Buyers (QIBs) segment. The Non Institutional Investors (NII) portion saw 151.48 times subscription. Choice Capital Advisors Pvt Ltd is the book-running lead manager of the Shanti Gold International IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
15 hours ago
- Business
- News18
Shanti Gold International IPO garners 80.80 times subscription
New Delhi, Jul 29 (PTI) The initial public offer of Shanti Gold International Ltd garnered 80.80 times subscription on the closing day of bidding on Tuesday. The initial share sale received bids for 1,02,35,46,675 shares against 1,26,67,200 shares on offer, according to NSE data. Non Institutional Investors part got subscribed 151.18 times while the quota for Qualified Institutional Buyers (QIBs) received 117.33 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 29.77 times. Shanti Gold International on Thursday said it has mopped up a little over Rs 108 crore from anchor investors. The Rs 360-crore initial public offering (IPO) of Shanti Gold has a price band of Rs 189-199 per share. The IPO 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. Shanti Gold specialises in the design and production of various types of gold jewellery. Choice Capital Advisors is the sole book-running lead manager to the issue. PTI SUM SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 29, 2025, 19:00 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.
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Business Standard
21 hours ago
- Business
- Business Standard
NIIs drive demand for Shanti Gold IPO; subscription reaches 16x, GMP up 19%
Shanti Gold IPO Day 3 update, subscription status: The non-institutional investors (NIIs) were driving the demand for the initial public offering of Shanti Gold International (Shanti Gold IPO) on the final day of subscription. Retail investors too followed the league; however, the participation from the qualified institutional buyers (QIBs) remained sluggish so far. Shanti Gold IPO has garnered bids for a total of 20,67,81,900 shares against 1,26,67,200 on offer, leading to an oversubscription of 16.32 times, till around 12:03 PM on Tuesday, July 29, showed the NSE data. The NIIs have oversubscribed the category reserved for them by 43.43 times, retail investors by 13.90 times, while the QIBs have booked 24 per cent of the quota reserved for their category. Shanti Gold IPO details Shanti Gold IPO comprises an entirely fresh issue of 18.1 million equity shares aggregating up to ₹360.11 crore. The public issue does not have any offer for sale (OFS) component. Shanti Gold International IPO is being offered at a price band of ₹189–199 per share, and a lot size of 75 shares. A retail investor would require a minimum of ₹14,925 (taking the upper end of the IPO price into consideration) to bid for one lot or 75 shares of Shanti Gold International IPO, and to bid for a maximum of 13 lots or 975 shares, amounting to ₹1,94,025. Shanti Gold IPO grey market premium (GMP) today The unlisted shares of Shanti Gold continue to trade at a decent premium in the grey markets on the final day of its subscription window. According to sources tracking unofficial market activities, Shanti Gold International shares were seen exchanging hands at around ₹236.5 per share, reflecting a grey market premium (GMP) of ₹37.5 or 18.84 per cent over the upper end of the issue price. Shanti Gold IPO review Analysts at Arihant Capital have recommended investors to subscribe to the Shanti Gold IPO, while those at Anand Rathi Research Team have recommended subscribing to the issue for a long-term perspective. Shanti Gold International IPO key dates As the public offering closes for subscription today, the basis of allotment of Shanti Gold IPO shares is expected to get finalized on July 30. The successful allottees will receive the company's shares into their demat account by July 31. Shanti Gold shares are slated to list on the BSE and NSE tentatively on August 1, 2025. Shanti Gold International Shanti Gold International is a manufacturer of high-quality 22kt CZ casting gold jewellery, in terms of installed production capacity, specialising in the design and production of all types of gold jewellery (Source: CARE Report). The company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings, to festive and daily-wear jewellery.
Time of India
21 hours ago
- Business
- Time of India
Shanti Gold IPO subscribed 7x on final day; should you apply? Check GMP, review, and more
Shanti Gold International IPO had received an overall subscription of 6.88 times as of 10:15 a.m. on the last day of bidding, driven largely by strong demand from retail investors and non-institutional investors (NIIs). The grey market premium (GMP) for the IPO is hovering around Rs 37 per share, indicating a possible listing gain of approximately 18.5% over the upper end of the price band, which is set at Rs 199 per share. The IPO is entirely a fresh issue, offering 1.81 crore equity shares to raise Rs 360.11 crore. The bidding opened on July 25 and will close today, July 29. Explore courses from Top Institutes in Please select course: Select a Course Category Others Data Science Management Finance MBA PGDM Project Management Cybersecurity Data Analytics Digital Marketing Public Policy Leadership Artificial Intelligence Technology Data Science Operations Management Design Thinking Healthcare CXO Product Management Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Shanti Gold IPO: Subscription Status Retail investor enthusiasm has been notable, with the segment receiving 7.99 times subscription for the 63.33 lakh shares reserved for it. The NII category saw even stronger demand, being subscribed 13.38 times. In contrast, QIB participation has been modest, with minimal bids received for their allotted 36.19 lakh shares so far. Shanti Gold IPO: GMP Today The grey market premium (GMP) for the IPO is around Rs 37 per share, suggesting a potential listing gain of about 18.5% over the upper price band of Rs 199. GMP reflects the unofficial price at which shares are expected to trade before listing. The IPO is priced in the range of Rs 189 to Rs 199 per share. Investors can apply for a minimum lot size of 75 shares, which amounts to Rs 14,925 at the upper end of the band, and in multiples thereafter. Live Events Ahead of the IPO, Shanti Gold International raised Rs 108 crore from anchor investors, with allocations going to names such as Societe Generale, Wealthwave Capital Fund, Rajasthan Global Securities, Astorne Capital VCC Arven, Shine Star Build Cap, Meru Investment Fund, and others, according to a filing on the BSE. About the company. Shanti Gold International, a Mumbai-based manufacturer of 22kt CZ casting gold jewellery, operates primarily on a B2B model and caters to large retail chains including Joyalukkas, Lalithaa Jewellery Mart and Alukkas. Its designs are sold across southern India, which currently contributes more than 70% of revenue. The firm plans to expand into North India with a new 1,200 kg manufacturing unit in Jaipur — a strategic move to enter the plain jewellery segment. Also read: Aditya Infotech IPO Opens: GMP at Rs 45 – Should you apply for the Rs 1,300 crore issue? Company Financials and Valuations The company has shown robust financial growth over the past few years. Revenue rose from Rs 679 crore in FY23 to Rs 1,106 crore in FY25, while net profit surged from Rs 19.8 crore to Rs 55.8 crore during the same period, reflecting a strong CAGR of 68%. EBITDA margins have expanded steadily to 8.83%, and the return on equity (RoE) stood at a healthy 44.85% in FY25. The IPO values the company at a post-issue P/E of 19x, which is at a discount to the industry average of 23x. However, the price-to-book valuation at 7x appears slightly stretched compared to listed peers. Should you subscribe to Shanti Gold IPO? Brokerages have recommended subscribing to the issue, citing strong financials, margin expansion, and a clear strategy to diversify its product mix and regional footprint. "The company's robust relationships with marquee jewellers, expanding design capabilities (over 400 designs/month), and controlled in-house manufacturing give it scale and brand trust in the B2B jewellery segment," said Canara Bank Securities. While risks such as customer and regional concentration exist, the growth momentum and business fundamentals remain attractive. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
a day ago
- Business
- Economic Times
IPO GMP Live Updates: Aditya Infotech subscribed 50% on day 1; NSDL, Shanti Gold lead the GMP race
IPO GMP Live Updates: This surge follows robust investor participation last week, where IPOs saw solid demand across all categories. Activity in the grey market has also intensified, with premiums for companies like Shree Refrigerations and NSDL holding steady. Key IPOs This Week NSDL Aditya Infotech Laxmi India Finance Sri Lotus Developers Shanti Gold NSDL IPOIndia's largest depository is set to launch its IPO on July 30, targeting ₹4,012 crore through an offer for sale. The price band is fixed at ₹760–₹800 per share, with ICICI Securities serving as the lead manager. Aditya Infotech IPO Backed by ICICI Securities, this ₹1,300 crore mainboard IPO opens on July 29 and closes on July 31. The IT services company has set the price band at ₹640–₹675 per share. Retail Investors: 10% Non-Institutional Investors (NII): 15% Qualified Institutional Buyers (QIBs): 75% Discounted allocation for employees (~₹6 crore reserve, ₹60/share discount) NSDL Aditya Infotech Laxmi India Finance Sri Lotus Developers Shanti Gold Subscription Window: Opens July 29, 2025 and closes July 31, 2025. Allotment Date: 01 Aug, 2025 Listing Date: 05 Aug, 2025 Price Band: ₹640–₹675 per share; minimum application is 22 shares (₹14,080). IPO Size: ₹1,300 crore total Rs 500 crore via fresh equity issue Rs 800 crore via Offer for Sale (OFS) by promoters The issue's grey market premium trades at Rs 240-250. Total: 0.47 times Employee Reserved: 0.39 timesRetail Individual Investors (RIIs): 1.73 times Non Institutional Investors(NIIS): 0.56 times Qualified Institutional Buyers (QIBs): 0.00 times
