Shanti Gold International IPO Listing News
Mumbai, August 1, 2025 – Shanti Gold International Limited, a leading manufacturer of 22kt CZ casting gold jewellery, is set to debut on the NSE and BSE today, Friday, August 1, 2025. The IPO, which closed on July 29, 2025, was subscribed an impressive 81.17 times, reflecting strong investor interest across all categories.
The IPO was priced at ₹199 per share with a price band of ₹189-₹199. The company raised ₹360.11 crore through a fresh issue of 1.81 crore equity shares. The allotment was finalized on July 30, 2025, and shares are credited to demat accounts on July 31, 2025, with refunds processed on the same day.
The Grey Market Premium (GMP) for Shanti Gold International’s shares was reported at ₹34-₹39 in the days leading up to the listing, indicating a potential listing gain of approximately 17-20%. This translates to an estimated listing price of ₹233-₹238 per share, with the latest GMP suggesting a listing around ₹237 (19.1% premium) as of July 30, 2025.
[](https://www.livemint.com/market/ipo/shanti-gold-ipo-allotment-date-in-focus-latest-gmp-steps-to-check-share-allotment-status-online-11753845458996.html)[](https://www.goodreturns.in/ipo/shanti-gold-international-ipo-allotment-date-subscription-status-gmp-listing-details-how-to-che-1446081.html)Shanti Gold, founded in 2003, operates a B2B model, supplying high-quality gold jewellery to major brands like Joyalukkas and Lalithaa Jewellery across 15 states and 1 union territory in India. The company reported a robust financial performance in FY25, with revenue of ₹1,112.47 crore (up 56% from ₹715.04 crore in FY24) and a net profit of ₹55.84 crore (up 108% from ₹26.87 crore in FY24).
[](https://ipowatch.in/shanti-gold-ipo-date-review-price-allotment-details/)The IPO proceeds will be utilized for setting up a new manufacturing facility in Jaipur (₹46.3 crore), funding working capital (₹200 crore), debt repayment (₹17 crore), and general corporate purposes. The company’s integrated manufacturing unit in Andheri East, Mumbai, spans 13,448.86 sq. ft. with an annual production capacity of 2,700 kg.
[](https://www.livemint.com/market/ipo/shanti-gold-international-ipo-opens-tomorrow-shanti-gold-ipo-gmp-issue-details-10-key-things-to-know-11753340358748.html)Investor response was overwhelming, with Non-Institutional Investors (NIIs) subscribing 151.48 times, Qualified Institutional Buyers (QIBs) at 117.33 times, and Retail Investors at 30.37 times. The IPO received over 23.14 lakh applications, bolstered by ₹108 crore from anchor investors, including Societe Generale and Meru Investment Fund.
[](https://hdfcsky.com/news/shanti-gold-international-ipo-allotment-finalised-today-amid-heavy-subscription)To check allotment status, investors can visit the BSE website (link), NSE website (link), or the registrar’s portal, Bigshare Services (link).
Disclaimer: Grey Market Premium (GMP) is an unofficial indicator and is not regulated by SEBI or stock exchanges. Investors should conduct thorough research and consult certified financial advisors before making investment decisions. The information provided is sourced from reliable platforms but is subject to change.
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