Shanti Gold International IPO Opens Soon: Price Band Set at ₹189-199 Per Share-Key Details Inside

by Priya Bhatiya

Posted on July 22, 2025

Shanti Gold International IPO: Key Details

The Shanti Gold International IPO will open for bidding on July 25 and close on July 29. Shanti Gold International Ltd. on Tuesday set the price band for its upcoming initial public offering of fresh shares to raise up to Rs 360.11 crore.

IPO Price Band & Lot Size

• Price band: ₹189–₹199 per share.
• Face value: ₹10 per equity share.
• Minimum lot size: 75 shares (minimum investment: ₹14,925).
• Maximum retail application: Up to 13 lots (975 shares; ₹1,94,025).

Issue Size & Dates

Investor Category Quotas

• Qualified Institutional Buyers (QIB): Up to 50%
• Non-Institutional Investors (NII): Up to 15%
• Retail Investors: Up to 35%

Grey Market Premium (GMP)

• Latest GMP: ₹0 as of July 21–22, 2025.
• The IPO’s GMP is being tracked daily and can fluctuate before listing. As of now, there is no premium in the grey market, implying neutral to cautious sentiment.

Company Overview

• Promoters: Pankajkumar H Jagawat (Chairman & MD), Manojkumar N Jain (Whole-time Director), and Shashank Bhawarlal Jagawat (Non-Executive Director).
• Business: Manufacturer of 22kt CZ casting gold jewellery, including bangles, rings, necklaces, and full sets.
• Objective: The proceeds will be used to support business expansion, strengthen operations, and increase market presence.

Financial Highlights

The company has demonstrated significant growth, with revenue surging more than 56% and profits more than doubling in FY2025 compared to the previous year.

How to Apply

• Investors can apply using ASBA via their bank’s net banking or through UPI using a broker/trading app within the subscription period.
• Choose the lot size, enter bid prices within the price band, and confirm the application before the IPO closes.

Note: Regularly monitor GMP and other updates if considering a subscription, as market sentiment may change before listing.

Ref: Shanti Gold International IPO: Price band set at ₹189-199 per share; check GMP, issue details, more