Get the full details of Shanti Gold International IPO, including IPO price, dates, GMP, allotment status, and listing date. Find out if this jewellery IPO is worth your attention.
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:
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IPO Open Date: July 25, 2025
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IPO Close Date: July 29, 2025
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Shanti Gold International IPO Price Band: ₹189 to ₹199 per share
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Listing Date: August 1, 2025 (BSE & NSE)
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Lot Size: 75 Shares per lot
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Issue Type: Book Built Issue
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Face Value: ₹10 per share
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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.
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Annual output: 2,700 kg of finished jewellery
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CAD Design Team: 80+ engineers, creating 400+ new designs each month
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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:
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Total Revenue:
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FY 2025: ₹1,112.47 Cr
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FY 2024: ₹715.04 Cr
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FY 2023: ₹682.28 Cr
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Net Profit (PAT):
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FY 2025: ₹55.84 Cr
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FY 2024: ₹26.87 Cr
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FY 2023: ₹19.82 Cr
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Total Assets: Grew from ₹256.88 Cr (2023) to ₹419.83 Cr (2025)
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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:
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Setting up a new production facility in Jaipur
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Meeting daily working capital needs
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Repaying or prepaying some company loans
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General business growth and corporate use
Shanti Gold International IPO GMP & Listing Estimate
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Shanti Gold International IPO GMP today (as of July 21, 2025): ₹0
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Estimated Listing Price: ₹199 (based on the upper price band + GMP)
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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:
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P/E Ratio (FY 2025 EPS of ₹10.34): 19.24x
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Weighted 3-year EPS of ₹7.44: Implies P/E of 26.74x
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Industry Average P/E: 24.48x
So, the IPO seems reasonably valued or slightly undervalued on a P/E basis.
Top Peers:
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Utssav CZ Gold – P/E: 19.35x
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RBZ Jewellers – P/E: 14.42x
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Sky Gold – P/E: 34.53x
Strengths of Shanti Gold International Limited
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Strong brand in 22k gold jewellery with cubic zirconia
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Fully integrated production facility for better quality control
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Skilled team and use of advanced CAD tools
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Good growth in revenue and profit over recent years
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Strong ties with jewellery traders and corporates
Weaknesses to Consider
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72.76% of revenue comes from South India—too region-focused
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Heavy reliance on gold and specific product types
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Negative cash flow from operations in the last three years
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Yet to diversify enough into plain gold jewellery or other product lines
Shanti Gold International IPO Allotment Status
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Allotment Date: July 30, 2025
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Refund Date: July 31, 2025
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Listing Date: August 1, 2025
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Check your Shanti Gold International IPO allotment status on the official registrar’s site: Bigshare Services Pvt. Ltd.
Shanti Gold IPO Reservation Details
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QIB (Institutional Investors): 50%
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Retail Investors: 35%
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Non-Institutional (HNI): 15%
IPO Lot Size Breakdown
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Retail Investors:
