Shanti Gold IPO Gains Momentum on Strong Retail Demand

Published On: 25/07/20250.8 min read

The IPO of Shanti Gold International has garnered significant attention from retail investors, gaining strong momentum since its launch. The company has set the price band for its shares between Rs 189 and Rs 199. Investors looking to participate must apply for a minimum of 75 shares.

Currently, the IPO is commanding a grey market premium (GMP) of around Rs 40, which suggests a potential listing gain of nearly 20%. This positive market sentiment reflects optimism about the company’s prospects in the gold jewelry sector.

Shanti Gold International is planning to list its shares on both the BSE and NSE on August 1. With a fresh issue size of approximately Rs 360 crore and a market capitalization around Rs 1,435 crore post-issue, the IPO represents a 25% dilution of shares.

Retail demand has played a key role in driving the strong subscription pace amid mixed market conditions. Investors should note the IPO details carefully and consider the GMP and price band while making their investment decisions.

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