As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. Suppose you are confused and worried about whether to Apply or Not the Shanti Gold International IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed Shanti Gold International IPO review which will help you to make the right decision.
Strengths and Weaknesses of Shanti Gold International IPO
Strengths:
- Shanti Gold International offers a comprehensive range of jewellery design pieces including bangles, rings, necklaces, and complete jewellery at various and affordable price ranges.
- They have a fully in-house manufacturing setup that allows them to control the quality of product in order to meet each customer’s requirements.
- The company has grown rapidly, all due to its incredible and experienced promoters, directors, and management team, who have around 20 years of experience in the Jewellery industry.
- Over the years, the company has established strong relationships with corporate clients and jewellery businesses, making it one of the growing companies in the Jewellery market.
Weaknesses:
- Despite having a good relationship with its customers, the company doesn’t have long-term contracts with them, meaning that if the company loses any customer or buys less product from them can badly impact the business, profits, and cash flow.
- The company’s revenue and profits mostly come from Southern India, which focuses on the region, meaning it can lead to issues like local economic, cultural, political, and market-related risks.
- Shanti Gold International depends on gold for its business, meaning it is exposed to many risks, and if good gold quality is hard to get or gold becomes too expensive can negatively impact the business, cash flow, and overall condition.
Shanti Gold International IPO Details
| IPO Size | ₹360.11 crores |
| Offer-for-sale | – |
| Fresh issue | ₹360.11 crores |
| Price band | ₹189 to ₹199 |
| Subscription | July 25 to July 29, 2025 |
| Purpose of IPO | Fresh Issue |
Shanti Gold International IPO Open and closing date?
Shanti Gold International IPO will be open for subscription on July 25, 2025, and will be closed for subscription on July 29, 2025.
What is the size of the Shanti Gold International IPO?
The company planned to raise funds of around ₹360.11 crores via IPO. This IPO comprises entirely a fresh issue of ₹360.11 crores with no Offer-for-sale component, with a face value of ₹10 each.
What are the subscription details of the Shanti Gold International IPO?
The Shanti Gold International IPO price range is set at ₹189 to ₹199 per share. In this IPO, a total of 75 shares were available in 1 lot size for the minimum Retail category, for the maximum retail category, 975 shares in 13 lot sizes were available, and for the S-HNI Minimum category, 1,050 shares were available in 14 lot sizes. While for the B-HNI Minimum category, 5,100 shares were available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,925 and maximum investment of ₹1,94,025.
- Small HNI (S-HNI): Minimum investment of ₹2,08,950.
- Big HSI (S-HNI): A minimum investment of ₹10,14,900 is required.
What is the Shanti Gold International IPO listing Date?
Shanti Gold International is a Mainboard IPO. Shares will be listed on August 1, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
What are the objectives of the Shanti Gold International IPO Issue?
The proceeds raised from the fresh issue will be utilized towards setting up the Proposed Jaipur Facility. Some funds will be used for the repayment and/or pre-payment of certain borrowings taken by the Company. Lastly, the remaining funds will be used for the company’s General corporate purposes.
About Shanti Gold International
One of the growing companies, Shanti-Gold, has been engaged to offer premium-quality 22kt CZ casting gold jewellery, skilled in design and production. The company was established in 2003 and, by May 31, 2025, had expanded to 15 states like Mumbai, Bangalore, Chennai, and Hyderabad and one union territory. The company provides a wide range of high-quality, beautifully designed jewelry like bangles, rings, necklaces, and sets, which are perfect to wear on various occasions like weddings, festivals, special occasions, and even daily wear at an affordable price range. What makes them unique is that the company will be involved in every stage of crafting from design, manufacturing, to packaging, allowing them the ability to design jewellery that will fulfill the requirements of each client. The company has a 13,448.86 square feet manufacturing unit in Andheri East, Mumbai, with a capacity of 2,700 kg. The company includes a total of 222 employees as of May 31, 2025.
Shanti Gold International IPO Financials
The company reported revenue of ₹1,112.47 crores in 2025 against ₹715.04 crores in 2024. The company reported profit of ₹55.84 crores in 2025 against profit of ₹26.87 crores in 2024.
Shanti Gold International IPO Promoters
Pankajkumar H Jagawat, Manojkumar N Jain, and Shashank Bhawarlal Jagawat are the promoters of the company.
Who are the Shanti Gold International IPO lead managers and registrar?
Choice Capital Advisors Pvt Ltd is Shanti Gold International’s lead manager, and Bigshare Services Pvt Ltd is its registrar.
Should you apply or not for the Shanti Gold International IPO?
If we consider the blooming gold jewellery market in India, strong in-house capabilities and offering a wide range of high-quality, intricately designed pieces make them an attractive and trusted company to invest in. With over 20 years of experience in the jewellery industry, the company was established in 2003, is one of the leading manufacturers of high-quality 22kt CZ casting gold jewellery. It produces all types of gold jewellery. In FY25, the company reported a healthy 55.5% rise in revenue and a 108% jump in profit, showcasing a strong operational strength. The company is planning to raise ₹360 crore IPO in order to support its expansion by building a new Jaipur facility and debt repayment. However, the Zero grey market premium demonstrates cautious sentiment.
If you are wondering whether you should apply or not for the Shanti Gold International IPO, then it depends on your financial goals. If you are looking for long-term profits, then this IPO can be the one to invest in. However, we recommend first checking the company’s financial performance, its strengths, the company’s weaknesses, and market volatility, and applying for the IPO at your own risk. If you are stuck with any query, please feel free to reach out to IPOWatch. We will be happy to help you with solving any doubts or queries.
