SHANTI GOLD INTERNATIONAL IPO is a fully book-built issue consisting entirely of a fresh issue of 18,096,000 equity shares.
The dates for the SHANTI GOLD INTERNATIONAL IPO have been announced. The IPO will open for subscription on July 25, 2025 and close on July 29, 2025.
The allotment process is expected to be finalized by July 30, 2025. The SHANTI GOLD INTERNATIONAL IPO is scheduled to list on NSE and BSE, with a tentative listing date of August 1, 2025.
The price band for the SHANTI GOLD INTERNATIONAL IPO has been set at ₹189 to ₹199 per share, with a lot size of 75 shares.
Registrar for this IPO is Bigshare Services Private Limited and the lead manager is Choice Capital Advisors Private Limited.
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IPO Schedule
| IPO Open Date | Friday, 25 Jul, 2025 |
|---|---|
| IPO Close Date | Tuesday, 29 Jul, 2025 |
| IPO Allotment Date | Wednesday, 30 Jul, 2025 |
| Refund Initiation | Thursday, 31 Jul, 2025 |
| Share credit in Demat | Thursday, 31 Jul, 2025 |
| Listing Date | Tuesday, 01 Jul, 2025 |
Key Details
| Price Band | ₹189 to ₹199 Per Share |
|---|---|
| Lot Size | 75 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | 18,096,000 Shares |
| Fresh Issue | 18,096,000 Shares |
| Issue Type | Fresh Issue |
| Listing At | NSE, BSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | 14,925 |
| Retail (Max) | 13 | 975 | 194,025 |
| S-HNI (Min) | 14 | 1050 | 208,950 |
| S-HNI (Max) | 67 | 5025 | 999,975 |
About Shanti Gold International Limited Company
Shanti Gold International Limited: Overview
Shanti Gold International Limited is a leading manufacturer of high-quality 22kt CZ casting gold jewellery, specializing in diverse gold jewellery designs. Founded in 2003 by Pankajkumar H. Jagawat and Manojkumar N. Jain, the company offers a wide range of intricately designed pieces, catering to special occasions, festive seasons, and daily wear.
The company has an in-house manufacturing setup spanning over 13,448.86 square feet in Mumbai, with an installed capacity of 2,700 kg per annum. Using CAD technology and a team of 80 designers, Shanti Gold develops over 400 designs monthly. It primarily outsources manual stone setting, emphasizing precision and craftsmanship.
In the six months ended September 30, 2024, revenue from operations reached ₹50.59 crore. The company served 332 customers, including corporate clients like Joyalukkas India Limited and Lalithaa Jewellery Mart Limited, spanning 13 Indian states and one union territory, alongside four international countries. A significant portion of revenue comes from South India, reflecting its strong tradition of gold investment. The Indian jewellery market is projected to grow, driven by an increasing middle-class and rising disposable incomes.
Shanti Gold is recognized by the Gem and Jewellery Export Promotion Council and the Gem and Jewellery Domestic Council. All products are hallmarked by the Bureau of Indian Standards (BIS), ensuring quality and trust.
Shanti Gold International Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 411.26 | 325.40 | 256.88 | 214.41 |
| Revenue | 505.90 | 711.43 | 679.40 | 428.34 |
| Profit After Tax | 18.25 | 26.87 | 19.82 | 3.30 |
| Net Worth | 114.84 | 96.67 | 69.81 | 50.01 |
| Reserves and Surplus | 105.84 | 87.67 | 60.81 | 41.01 |
| Total Borrowing | 261.44 | 198.36 | 163.56 | 141.97 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 4.98 | 32.28% | 17.90 | 2.18 | N/A | 17.97% |
Offer Objectives
Analysis of Offer Objects:
The company is issuing up to 18,096,000 Equity Shares for cash at a price to be determined, with the goal of raising funds for several key objectives. The net proceeds from the issue are intended to be utilized for:
- Jaipur Facility Funding: ₹45.832 crore is allocated for capital expenditure related to setting up a new manufacturing facility in Jaipur. As of December 31, 2024, ₹7.667 crore has already been deployed from internal accruals.
- Working Capital: ₹19 crore is designated for the company's working capital requirements.
- Debt Repayment: ₹2 crore is allocated for repaying or prepaying certain borrowings.
- General Corporate Purposes: An amount to be determined (not exceeding 25% of Gross Proceeds) for general corporate purposes.
The implementation schedule anticipates deploying ₹0.501 crore towards the Jaipur Facility in Fiscal Year 2025 and ₹45.832 crore in Fiscal Year 2026. Working capital funding of ₹19 crore and debt repayment of ₹2 crore are also planned for Fiscal Year 2026.The total estimated cost towards setting up of the Proposed Jaipur Facility is ₹5.4 crore, which includes ₹2.5189 crore towards Civil construction and interior development and ₹2.8811 crore towards the purchase of machinery and equipment.
The company's fund requirements and deployment plans are based on current business plans, management estimates, and market conditions. However, these are subject to change, and the funding requirements have not been appraised by any bank or financial institution.
Company Details
Address:
Plot No A -51, 2nd Floor to 7th Floor, MIDC, Marol Industrial Area, Road No. -1, Near Tunga International Hotel, Andheri (E), Chakala MIDC, Mumbai - 400093, Maharashtra, India.
Phone: + 91 22 4824 9647 (413)
Email: [email protected]
Website: http://www.shantigold.in
IPO Registrar Details
Bigshare Services Private Limited
Phone: +91 22 6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Offer Prospectus & Documents
Lead Managers
- Choice Capital Advisors Private Limited
