IPO Corner: Shanti Gold International Limited

Shanti Gold International Limited has fixed the price band of ₹189/- to ₹199/- per Equity Share of face value ₹10/- each for its maiden initial public offer.

• Issue Opens: July 25, 2025
• Issue Closes: July 29, 2025
• Face Value: Rs 10 each
• Price Band: Rs 189 – 199 per share
• Lot Size: 758 Shares
• Sale Type: Fresh Capital
• Listing Date: August 1, 2025
• Listing At: BSE & NSE

The Initial Public Offering of the Company will open on Friday, July 25, 2025, for subscription and close on Tuesday, July 29, 2025. Investors can bid for a minimum of 75 Equity Shares and in multiples of 75 Equity Shares thereafter. The IPO is entirely a fresh issue of shares up to 18,096,000 equity shares with no offer for sale component.

Shanti Gold International was founded as a partnership firm in 2003, by promoters, Pankajkumar H. Jagawat and Manojkumar N. Jain is a leading manufacturer of high-quality 22kt CZ casting gold jewellery, in terms of installed production capacity, specializing in the design and production of all types of gold jewellery. The company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings to festive and daily-wear jewellery.

It has a fully integrated in-house manufacturing facility that spans over 13,448.86 square feet area in Andheri, Mumbai that is equipped to produce variety of jewellery with precision and efficiency. As on date, it has an installed manufacturing capacity of 2,700 kg per annum.

The company has a long-standing relationship with several jewellery businesses, including corporate jewellery brands, such as Joyalukkas India Limited, Lalithaa Jewellery Mart Limited, Alukkas Enterprises Private Limited, Vysyaraju Jewellers Private Limited and Shree Kalptaru Jewellers (I) Private Limited and numerous other esteemed clients. Its customer network spans 15 states and 2 union territories in India and has international presence in USA, UAE, Singapore and Qatar.

Shanti Gold International’s revenue from operations increased by 55.52% to ₹ 1,106.41 crore in Fiscal 2025 from ₹ 711.43 crore in Fiscal 2024, attributable to increase in sale prices of gold jewellery and increase in sales volume. Profit after tax increased by 107.84 % in profit after tax from ₹ 26.87 crore in Fiscal 2024 to ₹ 55.84 crore in Fiscal 2025.

The Issue is being made through the book-building process, wherein not more than 50% of the net issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% and 35% of the net issue shall be available for allocation to non-institutional bidders, and retail individual bidders respectively.