Shanti Gold International Ltd IPO – Price, Dates, Lot Size & Review

Published On: 21/07/20252.4 min read

Shanti Gold International Ltd, a leading gold jewellery manufacturer, is launching its Mainline IPO with an issue size to be announced. The IPO opens for subscription on July 24, 2025, and closes on July 28, 2025, with shares expected to be listed on August 1, 2025.

Overview

Shanti Gold International Limited is a renowned gold jewellery manufacturing company founded in 2013, headquartered in Mumbai, India. It operates multiple branches across key cities such as Hyderabad, Chennai, Visakhapatnam, Coimbatore, Bangalore, Indore, and Gujarat. The company specializes in designing and manufacturing exquisite 22kt CZ casting gold jewellery, offering a range of products including rings, earrings, pendants, and other gold jewellery articles. Shanti Gold focuses on combining elegant designs with high-quality craftsmanship. With a workforce of 201-500 employees, the company has established a significant presence in the luxury gold jewellery industry in India. Financially, Shanti Gold showed robust performance with a revenue increase of 58.62% in recent years and a profit of Rs 55.8 crore for the fiscal year ending March 2025, marking significant growth compared to previous years.

IPO Details

– IPO Open: July 24, 2025
– IPO Close: July 28, 2025
– Listing Date: August 1, 2025
– Exchange: BSE and NSE
– Price Band: Rs 189 – Rs 199 per share
– Lot Size: 75 shares
– Minimum Investment: Rs 14,925
– Issue Size: Yet to be officially announced
– Fresh Issue vs Offer for Sale: Details pending
– Lead Managers: Details to be updated
– Registrar: Details to be updated

Objectives of the Issue

The company intends to utilize the proceeds from the IPO primarily for business expansion, including increasing production capacity and tapping new markets. Additionally, funds will be allocated to augment working capital requirements and possibly repay existing debts to strengthen the financial health of the company.

Strengths

1. Established presence in the gold jewellery manufacturing industry with multiple branches across India.
2. Strong financial growth demonstrated through a 58.62% revenue increase and rising profits.
3. Expertise in designing and manufacturing high-quality 22kt CZ casting gold jewellery.
4. Robust demand for gold jewellery in Indian domestic markets supports growth prospects.
5. Experienced management team with strong industry knowledge.

Risks

1. Intense competition in the gold jewellery market from established national and regional players.
2. Market volatility and fluctuations in gold prices can impact profitability.
3. Delays in IPO listing or regulatory approvals could affect investor returns.

Financials

– Fiscal Year 2022: Revenue approximately Rs. 429 crore
– Fiscal Year 2023: Revenue grew by 58.62% from the prior year
– Profit After Tax for FY 2023-24 stood at Rs 55.8 crore, showing a 107.8% increase over previous year figures

Final Thoughts

Shanti Gold International Ltd’s IPO could be appealing for investors looking to participate in the growing gold jewellery market in India. It suits long-term investors who believe in the company’s strategy and industry outlook. However, investors seeking short-term listing gains should exercise caution considering market uncertainties and pending disclosures on issue size and offer structure. Overall, a considered investment for those comfortable with the jewellery sector’s dynamics and associated market risks.

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