All details for Shanti Gold International IPO: Dates, price, subscription, financials, objectives, KPIs, registrar, and company overview.
Fresh Issue | Allotment July 30 | Listing August 1, 2025
Shanti Gold International IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 25, 2025 |
| IPO Close Date | July 29, 2025 |
| Tentative Allotment | July 30, 2025 |
| Refunds Initiation | July 31, 2025 |
| Credit of Shares to Demat | July 31, 2025 |
| IPO Listing Date | August 1, 2025 |
IPO Price & Lot Size
| Issue Price Band | To be announced |
|---|---|
| Market Lot | To be announced |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2025 | 419.83 | 1,112.47 | 55.84 | 97.71 | 152.37 | 233.00 |
| 31 Mar 2024 | 325.40 | 715.04 | 26.87 | 53.45 | 96.67 | 210.68 |
| 31 Mar 2023 | 256.88 | 682.28 | 19.82 | 45.57 | 69.81 | 165.34 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| ROCE | 25.70% |
| Debt/Equity | 1.60 |
| RoNW | 44.85% |
| PAT Margin | 5.05% |
| EBITDA Margin | 8.83% |
| EPS (Pre IPO) | 10.34 |
| EPS (Post IPO) | 7.75 |
Objects of the Issue
| S.No. | Objects | Expected Amount (₹ Cr) |
|---|---|---|
| 1 | Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility | 46.30 |
| 2 | Funding working capital requirements of our Company | 200.00 |
| 3 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company | 17.00 |
| 4 | General corporate purposes | — |
About Shanti Gold International Ltd.
Incorporated: 2003
Business: Manufacturing high-quality 22kt CZ casting gold jewellery; design, production, and packaging.
Portfolio: Bangles, rings, necklaces, sets; suitable for weddings, festive events, daily wear; various price ranges.
Manufacturing: In-house setup (Andheri East, Mumbai, 13,448.86 sq ft, 2,700 kg/year); advanced machines; 80 CAD designers (400+ new CZ gold designs/month).
Clients: Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers, Shree Kalptaru Jewellers, and more.
Presence: 15 states, 1 UT; branches in Mumbai, Bangalore, Chennai, Hyderabad.
Employees: 222 (payroll), 100 (contract, May 31, 2025)
Promoters: Pankajkumar H Jagawat, Manojkumar N Jain, Shashank Bhawarlal Jagawat
Strengths:
- Wide range of jewelry designs by expert team
- Complete in-house manufacturing with quality control
- Strong execution capabilities
- Financially stable
- Established relations with major jewelry businesses
Contact Details
Plot No A-51, 2nd Floor to 7th Floor, MIDC,
Marol Industrial Area, Road no.-1, Near Tunga International Hotel,
Mumbai, Maharashtra, 400093
Phone: +91 22 4824 964
Email: cs@shantigold.in
Website: https://shantigold.in/
Frequently Asked Questions (FAQ)
The price band for Shanti Gold International IPO has not been announced yet. It will be determined through the book-building process and announced closer to the IPO date in the Red Herring Prospectus (RHP).
The IPO will open for subscription on July 25, 2025, and close on July 29, 2025, as per the announced timeline.
The minimum investment amount will depend on the final price band and lot size, which are yet to be announced. Typically, for mainboard IPOs, the minimum investment for retail investors is around ₹14,000–₹15,000 for one lot of shares.
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
The exact application process will be detailed in the RHP when the IPO dates are confirmed.
Shanti Gold International Ltd. specializes in manufacturing high-quality 22kt CZ casting gold jewellery. Their revenue sources include:
- Sale of jewellery products like bangles, rings, necklaces, and sets for weddings, festive events, and daily wear
- Business-to-business sales to major jewellery retailers like Joyalukkas, Lalitha Jewellery, and others
- Domestic sales across 15 states and 1 Union Territory
The company operates an in-house manufacturing setup with a focus on quality and design innovation.
Key risks to consider include:
- Market risk: Fluctuations in gold prices affecting profitability
- Competition: Intense competition in the jewellery industry
- Regulatory risks: Compliance with BIS (Bureau of Indian Standards) and other regulations
- Economic risks: Sensitivity to consumer spending and economic cycles
- Operational risks: Dependence on skilled artisans and supply chain stability
Investors should review the risk factors in the RHP before investing.
As per the DRHP, the net proceeds from the IPO will be used for:
- Funding capital expenditure for the proposed Jaipur facility (₹46.30 Cr)
- Funding working capital requirements (₹200.00 Cr)
- Repayment or pre-payment of certain borrowings (₹17.00 Cr)
- General corporate purposes
Specific allocations will be detailed in the RHP.
Shanti Gold International has:
- A manufacturing facility in Andheri East, Mumbai (13,448.86 sq ft, 2,700 kg/year capacity)
- Revenue growth from ₹682.28 Cr (FY23) to ₹1,112.47 Cr (FY25)
- PAT growth from ₹19.82 Cr (FY23) to ₹55.84 Cr (FY25)
- 80 CAD designers creating 400+ new CZ gold designs monthly
- Presence in 15 states and 1 UT with 222 payroll and 100 contract employees as of May 31, 2025
The company emphasizes quality control and design innovation for growth.
As of March 31, 2025:
- Total borrowings: ₹233.00 crore
- Debt-to-equity ratio: 1.60
- Interest coverage ratio: Not explicitly stated but supported by strong EBITDA of ₹97.71 Cr
Part of the IPO proceeds will be used to repay or prepay certain borrowings to improve the capital structure.
The book running lead managers for Shanti Gold International IPO are not specified in the provided data. They will be announced in the RHP and are responsible for managing the IPO process, including investor roadshows, price discovery, and allocation.
