Shanti Gold International IPO

About Shanti Gold International IPO

Shanti Gold International IPO is a book-built issue worth ₹360.11 crore. The issue comprises a fresh offer of 1.81 crore equity shares. The IPO opens for public subscription on July 25, 2025, and closes on July 29, 2025. The basis of allotment is expected to be finalised on July 30, 2025.

The shares are proposed to be listed on both BSE and NSE, with a tentative listing date set for August 1, 2025. The price band for the Shanti Gold International IPO is fixed between ₹189 to ₹199 per share. Investors can apply for a minimum of one lot, which consists of 75 shares.

For retail investors, the minimum investment stands at ₹14,175. For small non-institutional investors (sNII), the minimum application is 14 lots or 1,050 shares, requiring an investment of ₹2,08,950. Large non-institutional investors (bNII) need to apply for 68 lots or 5,100 shares, amounting to ₹10,14,900.

Choice Capital Advisors Private Limited is acting as the book-running lead manager for the IPO, and Bigshare Services Private Limited is appointed as the registrar. Investors should refer to the RHP for detailed information.

Industry Outlook

1. The Indian gems and jewellery industry contributed about 7% to the country's GDP and nearly ₹2.65 trillion in exports in FY24, showing strong global demand and steady growth potential.
2. Gold jewellery remains the largest segment, driven by cultural importance and rising disposable incomes, especially in metro and tier I cities.
3. With over 90% of the world’s polished diamonds processed in India and growing consumer interest in branded jewellery, the industry is moving towards more formal and organised operations. This positive industry trend supports Shanti Gold International Limited’s growth, as demand for gold and branded jewellery is on the rise.

Shanti Gold International IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. A portion of the proceeds will be used to fund capital expenditure for setting up a new manufacturing facility in Jaipur, enhancing production capacity.
2. A portion of the proceeds will meet day-to-day working capital needs to ensure smooth operations.
3. Part of the proceeds will be allocated to repay or prepay existing borrowings, reducing interest costs and improving financial stability.
4. Any remaining funds will be allocated toward general corporate purposes to strengthen overall business growth.

About Shanti Gold International Limited

Shanti Gold International Limited is a leading manufacturer of 22kt CZ casting gold jewellery, known for its craftsmanship and wide product range. Established in 2003 by Pankajkumar H. Jagawat and Manojkumar N. Jain, the company has built a strong presence across India and select international markets.

It offers finely crafted jewellery including bangles, rings, necklaces, and complete sets for daily wear and special occasions. The company operates a fully integrated manufacturing unit in Andheri East, Mumbai, covering over 13,448 sq. ft. with an annual production capacity of 2,700 kg.

The in-house setup supports quality control and precision, while outsourced labour manages intricate stone setting work. With a team of 79 CAD designers, the company creates over 400 new designs monthly, reflecting evolving consumer tastes.

Shanti Gold International has served 455 customers in FY25, up from 372 in FY24, with a strong CAGR of 27.61% in operational revenue over 3 fiscal years. Its client base includes well-known jewellery brands like Joyalukkas, Lalithaa Jewellery Mart, and Alukkas Enterprises.

Currently present in 15 Indian states, 2 union territories, and four countries, the company plans to expand further by setting up a new facility in Jaipur. With deep roots in South India, where gold holds cultural and investment significance, Shanti Gold International continues to grow by combining traditional appeal with modern design.

Its commitment to quality is reflected in BIS hallmarking and industry recognitions, including awards from the GJEPC and GJC.

How To Check the Allotment Status of Shanti Gold International IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Shanti Gold International IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Shanti Gold International IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Shanti Gold International IPO

Registered office: Plot No A-51, 2nd Floor to 7th Floor, MIDC, Marol Industrial Area, Road No.-1, Near Tunga International Hotel, Andheri (E), Chakala MIDC, Mumbai - 400093, Maharashtra, India

Phone: + 91 22 4824 9647 (413)

E-mail: cs@shantigold.in

Shanti Gold International IPO Reservation

Shanti Gold International IPO Lot Size

Shanti Gold International IPO Promoter Holding

The promoters of the company include Pankajkumar H Jagawat, Manojkumar N Jain and Shashank Bhawarlal Jagawat.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Shanti Gold International IPO

Shanti Gold International IPO Prospectus

• Shanti Gold International IPODRHP
• Shanti Gold International IPO RHP

Shanti Gold International IPO Registrar and Lead Managers

Shanti Gold International IPO Lead Managers

• Choice Capital Advisors Private Limited

Registrar for Shanti Gold International IPO

Bigshare Services Private Limited

• Contact Number: +91-22-6263 8200
• Email Address: ipo@bigshareonline.com

Shanti Gold International IPO Registrar