Latest news with #ShantiGoldInternational
Business Standard
10 hours ago
- Business
- Business Standard
Shanti Gold International IPO subscribed 80.80 times
The offer received bids for 102.35 crore shares as against 1.26 crore shares on offer. The initial public offer (IPO) of Shanti Gold International received bids for 1,02,35,46,675 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 17:30 IST on Tuesday (29 July 2025). The issue was subscribed 80.80 times. The issue opened for bidding on 25 July 2025 and it will close on 29 July 2025. The price band of the IPO is fixed between Rs 189 and 199 per share. An investor can bid for a minimum of 75 equity shares and in multiples thereof. The IPO consists of a fresh issue of 18,096,000 equity shares, aggregating up to Rs 360.11 crore. The objectives for the fresh issue include Rs 46.29 crore for funding of capital expenditure requirements towards setting up of the proposed Jaipur Facility, Rs 200 crore for funding working capital requirements, Rs 17 crore for repayment and/or prepayment of certain borrowings, and the remaining amount for general corporate purposes. The promoters and promoter group hold an aggregate of 53,989,200 equity shares, aggregating to 99.98% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 74.89%. Shanti Gold International, founded in 2003, is a Mumbai-based company that makes high-quality 22 kt CZ gold jewelryincluding bangles, rings, necklaces, and full sets. All pieces are BIS-hallmarked, and many feature intricate designs created using CAD technology. The company works with big names like Joyalukkas and Lalithaa Jewellery and serves customers in 15 Indian states and 4 countries abroad. Most of its revenue comes from South India (over 72% in FY25). Its Mumbai factory has a production capacity of 2,700 kg per year. To meet rising demand, its building a new facility in Jaipur that will add another 1,200 kg capacity and introduce machine-made gold jewelry. Shanti Gold plans to grow its reach in North India and expand further into global markets like the USA and UAE. Ahead of the IPO, Shanti Gold International on Thursday, 24 July 2025, raised Rs 108.03 crore from anchor investors. The board allotted 54.28 lakh shares at Rs 199 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 55.84 crore and sales of Rs 1,106.41 crore for the twelve months ended on 31 March 2025.
Business Standard
11 hours ago
- Business
- Business Standard
Market snaps 3-days loosing streak; Nifty settles above 24,800; realty shares rally
The headline equity benchmarks ended with modest gains on today, snapping three days loosing streak. Investors are closely tracking the ongoing earnings season, tariff situation and developments in the India-US trade deal. The Nifty settled above the 24,800 level after hitting the days low of 24,598.60 in early trade. All the sectoral indices on the NSE ended in the green with realty, pharma and healthcare shares gaining the most. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 446.93 points or 0.55% to 81,337.95. The Nifty 50 index gained 140.20 points or 0.57% to 24,821.10. In the broader market, the S&P BSE Mid-Cap index added 0.84% and the S&P BSE Small-Cap index rallied 1.10%. The market breadth was positive. On the BSE, 2,507 shares rose and 1,506 shares fell. A total of 144 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 4.45% to 11.53. IPO Update: The initial public offer (IPO) of Shanti Gold International received bids for 81,42,60,675 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (29 July 2025). The issue was subscribed 64.28 times. The initial public offer (IPO) of Aditya Infotech received bids for 1,85,22,108 shares as against 1,12,23,759 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (29 July 2025). The issue was subscribed 1.65 times. The initial public offer (IPO) of Laxmi India Finance received bids for 34,92,664 shares as against 1,13,12,816 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (29 July 2025). The issue was subscribed 0.31 times. Buzzing Index: The Nifty Realty index jumped 1.70% to 927.40. The index slumped 9.37% in the past five consecutive trading sessions. Lodha Developers (up 3.54%), Anant Raj (up 2.75%), Oberoi Realty (up 2.24%), Godrej Properties (up 1.87%), Prestige Estates Projects (up 1.8%), DLF (up 1.66%) and Raymond (up 0.44%) advanced. On the other hand, Sobha (down 2.32%), Brigade Enterprises (down 0.42%) and Phoenix Mills (down 0.07%) edged lower. Stocks in Spotlight: Indusind Bank added 1.01%. The company reported a 68.21% decline in standalone net profit to Rs 684.25 crore on 3.79% fall in total income to Rs 14,420.12 crore in Q1 FY26 over Q1 FY25. Mazagon Dock Shipbuilders declined 2.57% after the companys consolidated net profit declined 35% to Rs 452.15 crore despite of 11.4% jump in revenue from operations to Rs 2,625.59 crore in Q1 FY26 over Q1 FY25. SBI Cards and Payment Services (SBI Card) fell 1.89% after the company reported a 6% year-on-year decline in net profit to Rs 556 crore in Q1 FY25, weighed down by rising impairments and operating costs. Despite the drop in profitability, the company's total income rose 12% to Rs 5,035 crore, compared to Rs 4,483 crore in the same period last year. Varun Beverages rallied 5.38% after the company reported 5% increase in consolidated net profit to Rs 1,325.49 crore in Q2 CY2025 from Rs 1,261.83 crore in Q2 CY2024. Net revenue from operations decreased by 2.5% YoY to Rs 7,017.37 crore in Q2 CY2025. NTPC Green Energy shed 0.98%. The companys consolidated net profit dropped 5.46% to Rs 220.48 crore on a 9.31% rise in revenue to Rs 680.21 crore in Q1 FY26 over Q4 FY25. Arvind Fashions surged 7.90% after the apparel and retail player reported a net profit (PAT) of Rs 13 crore in Q1 FY26, a nearly tenfold jump compared to Rs 1 crore in the same quarter last year. Revenues grew 16% year-on-year to Rs 1,107 crore, up from Rs 955 crore in Q1 FY25, supported by strong traction across channels. Paradeep Phosphates soared 9.34% after the company's consolidated net profit stood at Rs 255.85 crore in Q1 FY26, up 4,655.57% from Rs 5.38 crore in Q1 FY25 Revenue from operations jumped 57.90% year on year (YoY) to Rs 3,754.06 crore in Q1 FY26. Torrent Pharmaceuticals rallied 4.08% after the pharma major reported a net profit of Rs 548 crore, marking a 20% year-on-year increase, driven by resilient revenues and steady margins. Revenue for the quarter stood at Rs 3,178 crore, an 11% rise over Q1 FY25, supported by improved operational leverage. Waaree Energies advanced 2.06% after the companys consolidated net profit jumped 89.1% to Rs 745.20 crore on 29.8% increase in revenue from operations to Rs 4,425.83 crore in Q1 FY26 over Q1 FY25. Piramal Pharma rose 0.56%. The company has reported a consolidated net loss of Rs 82 crore in Q1 FY26 as against a net loss of Rs 89 crore recorded in Q1 FY25. Revenue from operations for the period under review declined by 1% year-over-year (YoY) to Rs 1,934 crore. Craftsman Automation gained 3.66% after its consolidated net profit jumped 30.85% to Rs 69.6 crore in Q1 FY26, as against Rs 53.19 crore in Q1 FY25. Revenue from operations jumped 54.97% year on year to Rs 1,784 crore in Q1 FY26. Global Markets: European stocks climbed on Tuesday as investors steadily absorbed the implications of the latest US-EU trade agreement, alongside a wave of corporate earnings reports. Asian shares ended mixed as investors awaited the outcome of the ongoing U.S.-China trade talks. Investors also await the result of the U.S. Federal Reserve meeting due Wednesday stateside, where it will make a decision on whether to cut interest rates. On Monday, President Donald Trump announced that a global blanket tariff would likely fall between 15% to 20%. This would affect imports from countries that have not yet negotiated separate trade agreements with the United Statements. Trump had previously announced that baseline tariffs would be just 10%. The presidents tariffs are expected to go into place on August 1. On Wall Street, the S&P 500 closed near the flatline on Monday, with the latest trade deal between the U.S. and EU failing to spark a fresh rally. The broad market index inched up 0.02% to close at 6,389.77, while the Nasdaq Composite gained 0.33% to 21,178.58. The Dow Jones Industrial Average slipped 64.36 points, or 0.14%, to finish the session at 44,837.56.
Economic Times
17 hours ago
- Business
- Economic Times
Shanti Gold IPO subscribed 7x on final day; should you apply? Check GMP, review, and more
Shanti Gold International, a Mumbai-based manufacturer of 22kt CZ casting gold jewellery, operates primarily on a B2B model. Synopsis Ahead of its IPO, Shanti Gold International raised Rs 108 crore from anchor investors, including Societe Generale, Wealthwave Capital Fund, and Rajasthan Global Securities. The IPO is a complete fresh issue of 1.81 crore equity shares, aiming to raise Rs 360.11 crore. 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. ADVERTISEMENT 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. 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. 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 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. ADVERTISEMENT 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 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. ADVERTISEMENT Also read: Aditya Infotech IPO Opens: GMP at Rs 45 – Should you apply for the Rs 1,300 crore issue? 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%. ADVERTISEMENT 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 have recommended subscribing to the issue, citing strong financials, margin expansion, and a clear strategy to diversify its product mix and regional footprint. ADVERTISEMENT "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 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. 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Business Standard
17 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
17 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)
