Shanti Gold International IPO 2025: GMP, Date, Price, Review, Allotment Details
The Shanti Gold International IPO, a mainboard IPO from Mumbai-based Shanti Gold International Limited, aims to raise approximately ₹[.] crores through a fresh issue of 1.81 crore equity shares. Opening on July 25, 2025, this IPO offers investors an opportunity to invest in a leading manufacturer of high-quality 22kt CZ casting gold jewellery.
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This article provides a comprehensive overview of the Shanti Gold International IPO, including grey market premium (GMP), subscription status, allotment details, financial performance, and expert review to guide investors.
Shanti Gold International IPO Details
The Shanti Gold International IPO is a book-built issue comprising a fresh issue of 1.81 crore equity shares, each with a face value of ₹10. The price band and lot size are yet to be announced. Below are the key details based on the DRHP and recent updates:
| Particulars | Details |
|---|---|
| IPO Opening Date | July 25, 2025 |
| IPO Closing Date | July 29, 2025 |
| Allotment Date | July 30, 2025 |
| Listing Date | August 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹[.] to ₹[.] per share |
| Lot Size | To be announced |
| Issue Size | ₹[.] crores (1.81 crore shares) |
| Fresh Issue | ₹[.] crores (1.81 crore shares) |
| Offer for Sale | None |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Book Running Lead Manager | Choice Capital Advisors Pvt Ltd |
| Registrar | Bigshare Services Pvt Ltd |
The IPO allocates 50% to Qualified Institutional Buyers (QIBs), 15% to High Net-Worth Individuals (HNIs), and 35% to Retail Individual Investors (RIIs). The minimum investment for retail investors will be announced once the lot size is finalized.
Shanti Gold International IPO Subscription Status
The subscription status for the Shanti Gold International IPO will be updated daily during the subscription period from July 25 to July 29, 2025. Investors can track live subscription data on the BSE, NSE, or the registrar’s portal (Bigshare Services).
| Category | Subscription (Times) |
|---|---|
| QIB | To be updated |
| NII (HNI) | To be updated |
| Retail | To be updated |
| Total | To be updated |
Note: Subscription data will be available during the IPO subscription period (July 25–29, 2025).
Shanti Gold International IPO Allotment Status
The allotment for the Shanti Gold International IPO is expected to be finalized on July 30, 2025. Investors can check their allotment status on the registrar’s website (Bigshare Services) or the BSE/NSE websites using their application number, PAN, or DP Client ID. Shares will be credited to demat accounts by July 31, 2025, and refunds will be processed for non-allotted applications.
Steps to Check Allotment Status:
- Visit the Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html).
- Select “Shanti Gold International IPO” from the dropdown menu.
- Enter your Application Number, PAN, or DP Client ID.
- Click “Search” to view your allotment status.
Note: Allotment status will be available after finalization on July 30, 2025.
Shanti Gold International IPO Grey Market Premium (GMP) Today
The Grey Market Premium (GMP) reflects the premium at which IPO shares trade in the unofficial market before listing. As of July 19, 2025, the GMP for the Shanti Gold International IPO is ₹30, up from ₹0 on July 18, 2025, indicating growing investor interest. The estimated listing price cannot be calculated without the price band, but the GMP suggests potential listing gains. Investors should monitor updates closer to the IPO opening on July 25, 2025, for GMP trends.
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| July 19, 2025 | ₹30 | To be announced |
| July 18, 2025 | ₹0 | To be announced |
| July 17, 2025 | Not Available | Not Available |
| July 16, 2025 | Not Available | Not Available |
Disclaimer: GMP is unofficial and volatile. Base investment decisions on company fundamentals, not just GMP.
Shanti Gold International IPO Kostak Rates Today
The Kostak rate is the premium an investor earns by selling their IPO application in the grey market before allotment. As of July 19, 2025, the Kostak rate for the Shanti Gold International IPO is not available, as grey market activity is in early stages. Check with grey market dealers for updates closer to the IPO opening.
| Date | Kostak Rate (₹) |
|---|---|
| July 19, 2025 | Not Available |
Shanti Gold International IPO Subject to Sauda Rates
The Subject to Sauda rate is the amount agreed for an IPO application, payable only if allotted. As of July 19, 2025, the Subject to Sauda rate for the Shanti Gold International IPO is not available, as grey market trading is still developing.
| Date | Subject to Sauda (₹) |
|---|---|
| July 19, 2025 | Not Available |
Note: Kostak and Subject to Sauda rates are unofficial and may fluctuate as grey market activity intensifies.
About Shanti Gold International Limited
Incorporated in 2003, Shanti Gold International Limited, based in Mumbai, is a leading manufacturer of high-quality 22kt CZ casting gold jewellery. Operating from a 13,448.86 square feet manufacturing facility in Andheri East, Mumbai, the company specializes in designing and producing bangles, rings, necklaces, and sets suitable for special occasions, weddings, festive events, and daily wear. With an annual production capacity of 2,700 kg, it uses advanced machinery and outsourced labor for tasks like manual stone setting to ensure precision and craftsmanship. The company serves both domestic and international markets, with a focus on quality control through its in-house design, production, and packaging setup. The promoters are Pankajkumar H Jagawat, Manojkumar N Jain, and Shashank Bhawarlal Jagawat.
Shanti Gold International IPO Objectives
The net proceeds from the fresh issue will be used for:
- Funding capital expenditure requirements for expanding the manufacturing facility.
- General corporate purposes.
Shanti Gold International Financials
Shanti Gold International has shown strong financial growth, driven by demand for its jewellery. Below is a summary of its financial performance:
| Particulars | FY25 (₹ Crores) | FY24 (₹ Crores) | Growth (%) |
|---|---|---|---|
| Revenue | [.] | [.] | 56% |
| EBITDA | Not Available | Not Available | Not Available |
| PAT | [.] | [.] | 108% |
The company’s 56% revenue growth and 108% PAT growth from FY24 to FY25 reflect its strong market position and operational efficiency. Exact figures are not disclosed, but the growth percentages indicate robust performance.
Shanti Gold International IPO Strengths
- Strong Financial Growth: 56% revenue growth and 108% PAT growth from FY24 to FY25, showcasing robust performance.
- Market Presence: A leading player in 22kt CZ casting gold jewellery, serving domestic and international markets.
- Modern Manufacturing: Operates a 13,448.86 square feet facility with a 2,700 kg annual capacity, ensuring quality and scalability.
- Diverse Product Range: Offers bangles, rings, necklaces, and sets for various occasions, catering to diverse customer needs.
- Experienced Promoters: Led by Pankajkumar H Jagawat, Manojkumar N Jain, and Shashank Bhawarlal Jagawat, with deep industry expertise.
Shanti Gold International IPO Risks
- Price Band Uncertainty: Unannounced price band limits valuation clarity.
- Commodity Price Volatility: Fluctuations in gold prices may impact margins and demand.
- Competition: Faces competition from established jewellery manufacturers like Tanishq and Kalyan Jewellers.
- Limited Financial Data: Lack of specific revenue and PAT figures and EBITDA data restricts comprehensive analysis.
- Grey Market Volatility: GMP of ₹30 as of July 19, 2025, is early-stage and may fluctuate, reflecting uncertain investor sentiment.
Shanti Gold International IPO Review
The Shanti Gold International IPO offers exposure to the growing gold jewellery market, driven by demand for high-quality 22kt CZ casting designs. The company’s 56% revenue growth and 108% PAT growth from FY24 to FY25 highlight its financial strength and market position. Its modern manufacturing facility and diverse product range for domestic and international markets add to its appeal. X posts indicate investor interest, with a GMP of ₹30 as of July 19, 2025, suggesting potential listing gains, though the price band is yet to be announced. However, risks include gold price volatility, competition from larger players, and limited financial transparency. The mainboard status ensures higher visibility than SME IPOs, but the lack of GMP stability and price band details warrants caution. Long-term investors may find this IPO attractive due to strong fundamentals and sector demand, but short-term investors should monitor GMP trends and market conditions closely.
Recommendation: Suitable for long-term investors with moderate risk tolerance, but consult a financial advisor due to price uncertainty and commodity risks.
How to Apply for Shanti Gold International IPO
Investors can apply through ASBA (Applications Supported by Blocked Amount) or UPI via their bank or brokers like Zerodha, Upstox, or 5Paisa.
Steps to Apply:
- Log in to your demat account or broker’s platform.
- Navigate to the IPO section and select “Shanti Gold International IPO.”
- Enter the number of lots and price (to be announced).
- Provide your UPI ID or bank details for payment.
- Submit the application and approve the UPI mandate.
Check your broker’s IPO application process for detailed instructions, such as Zerodha’s Console for online applications.
Shanti Gold International IPO FAQs
When does the Shanti Gold International IPO open and close?
The IPO opens on July 25, 2025, and closes on July 29, 2025.
What is the price band of the Shanti Gold International IPO?
The price band is not yet announced.
What is the minimum investment for retail investors?
The minimum investment will be announced once the lot size is finalized.
How can I check the Shanti Gold International IPO allotment status?
Visit the Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html), select “Shanti Gold International IPO,” and enter your PAN, application number, or DP Client ID.
What is the GMP of the Shanti Gold International IPO today?
As of July 19, 2025, the GMP is ₹30, but it may fluctuate as the IPO approaches.
Where will the Shanti Gold International IPO be listed?
The IPO will be listed on the BSE and NSE on August 1, 2025.
