Shanti Gold International IPO: Price, Date, GMP & All You Need to Know

What is Shanti Gold International IPO All About?

The Shanti Gold International IPO is grabbing investor attention, especially those interested in the luxury jewellery segment. This is a Mainboard IPO worth ₹360.11 crore, offering 1.81 crore fresh equity shares by Shanti Gold International Limited.

The company, established in 2003, makes premium gold jewellery—mostly 22-carat pieces—with detailed designs that include cubic zirconia. Their production is done entirely in-house, from design to packaging. This means they maintain full control over quality.

Shanti Gold International IPO Date & Price

Here are the key dates and IPO details you should know:

IPO Open Date: July 25, 2025
IPO Close Date: July 29, 2025
Shanti Gold International IPO Price Band: ₹189 to ₹199 per share
Listing Date: August 1, 2025 (BSE & NSE)
Lot Size: 75 Shares per lot
Issue Type: Book Built Issue
Face Value: ₹10 per share
Total Issue Size: 1,80,96,000 shares worth ₹360.11 Cr

About Shanti Gold International Limited

Shanti Gold International Limited has carved its name in the premium jewellery market with a strong focus on design and quality. Based in Andheri East, Mumbai, the company runs a fully integrated factory spread over 13,448.86 sq. ft.

Annual output: 2,700 kg of finished jewellery
CAD Design Team: 80+ engineers, creating 400+ new designs each month
Jewellery includes: Necklaces, rings, bangles, and bridal sets

Their in-house machinery blends automation with craftsmanship, which helps them stay ahead in design precision.

Financial Performance of Shanti Gold

Here’s a look at the company’s performance over the last 3 years:

Total Revenue:
- FY 2025: ₹1,112.47 Cr
- FY 2024: ₹715.04 Cr
- FY 2023: ₹682.28 Cr
Net Profit (PAT):
- FY 2025: ₹55.84 Cr
- FY 2024: ₹26.87 Cr
- FY 2023: ₹19.82 Cr
Total Assets: Grew from ₹256.88 Cr (2023) to ₹419.83 Cr (2025)
Borrowings: ₹233 Cr in 2025, showing increased financial activity

Despite good revenue, cash flow from operations is in negative due to high working capital requirements. However, financing activities remained strong.

Objectives of the IPO

Funds raised from the Shanti Gold International IPO will be used for:

Setting up a new production facility in Jaipur
Meeting daily working capital needs
Repaying or prepaying some company loans
General business growth and corporate use

Shanti Gold International IPO GMP & Listing Estimate

Shanti Gold International IPO GMP today (as of July 21, 2025): ₹0
Estimated Listing Price: ₹199 (based on the upper price band + GMP)
Stay updated daily for any rise in the Shanti Gold International IPO grey market premium.

Peer Comparison & Valuation

Let’s compare Shanti Gold IPO to other jewellery stocks:

P/E Ratio (FY 2025 EPS of ₹10.34): 19.24x
Weighted 3-year EPS of ₹7.44: Implies P/E of 26.74x
Industry Average P/E: 24.48x

So, the IPO seems reasonably valued or slightly undervalued on a P/E basis.

Top Peers:

Utssav CZ Gold – P/E: 19.35x
RBZ Jewellers – P/E: 14.42x
Sky Gold – P/E: 34.53x

Strengths of Shanti Gold International Limited

Strong brand in 22k gold jewellery with cubic zirconia
Fully integrated production facility for better quality control
Skilled team and use of advanced CAD tools
Good growth in revenue and profit over recent years
Strong ties with jewellery traders and corporates

Weaknesses to Consider

72.76% of revenue comes from South India—too region-focused
Heavy reliance on gold and specific product types
Negative cash flow from operations in the last three years
Yet to diversify enough into plain gold jewellery or other product lines

Shanti Gold International IPO Allotment Status

Allotment Date: July 30, 2025
Refund Date: July 31, 2025
Listing Date: August 1, 2025
Check your Shanti Gold International IPO allotment status on the official registrar’s site: Bigshare Services Pvt. Ltd.

Shanti Gold IPO Reservation Details

QIB (Institutional Investors): 50%
Retail Investors: 35%
Non-Institutional (HNI): 15%

IPO Lot Size Breakdown

Retail Investors:
- Minimum: 1 lot = 75 shares = ₹14,925
- Maximum: 13 lots = 975 shares = ₹1,94,025
S-HNI Minimum Investment: 14 lots (₹2,08,950)
B-HNI Minimum Investment: 68 lots and above

Promoters of Shanti Gold International Limited

Pankajkumar H Jagawat
Manojkumar N Jain
Shashank Bhawarlal Jagawat

Promoter Holding:

Before IPO: 99.99%
After IPO: 74.89%

FAQs About Shanti Gold International IPO

Q1. Who is the owner of Shanti Gold? A: The company is promoted by Pankajkumar H Jagawat, Manojkumar N Jain, and Shashank Bhawarlal Jagawat.

Q2. What is the Shanti Gold International IPO date? A: The IPO opens on July 25, 2025, and closes on July 29, 2025.

Q3. When is the Shanti Gold International IPO listing date? A: The IPO is expected to list on August 1, 2025, on BSE and NSE.

Q4. How to check Shanti Gold IPO allotment status? A: You can check it on Bigshare Services' website on July 30, 2025.

Q5. What is the Shanti Gold International IPO price band? A: The price band is between ₹189 and ₹199 per share

Conclusion

The Shanti Gold International IPO could be an exciting opportunity if you're looking to invest in a growing player in the premium gold jewellery space. With strong financials, in-house production, and a skilled design team, the company shows promise. However, its regional concentration and product focus are risks to consider.