Shanti Gold International IPO Lists Today on NSE and BSE After 360 Crore Issue

Mumbai, 1 August 2025: Shanti Gold International Ltd is set to debut on the National Stock Exchange (NSE) and BSE today after closing its ₹360 crore initial public offering (IPO), which garnered an overall subscription of 81.17 times. The equity shares will be listed under the symbol SHANTIGOLD.

₹199 Listing Price Finalised for Shanti Gold International (SHANTIGOLD); NSE and BSE Listing Scheduled for August 1

Shanti Gold International will be listed today on both NSE and BSE at a final issue price of ₹199 per share, the upper end of the price band. The company, with a face value of ₹10 per share, aims to attract retail and institutional investors under the ticker SHANTIGOLD. Shanti Gold International IPO, priced between ₹189 and ₹199, marks the company’s entry into the public markets.

₹108 Cr Raised from 15 Anchor Investors Ahead of IPO Launch

On 24 July 2025, the company raised ₹108.03 crore by allotting 54,28,800 equity shares to 15 anchor investors at ₹199 per share. Key participants included:

• Societe Generale – ODI
• Wealthwave Capital Fund
• J4S Venture Fund I
• Rajasthan Global Securities Pvt Ltd
• Shine Star Build Cap Pvt Ltd
• Vijit Growth Fund
• Meru Investment Fund PCC – Cell 1
• Founders Collective Fund
• Swyom India Alpha Fund

Notably, no allocation was made to domestic mutual funds during the anchor book process.

Shanti Gold IPO Opens with ₹360 Cr Offer; Face Value Set at ₹10 per Share

Shanti Gold International’s IPO opened for public subscription from 25 July to 29 July 2025. The IPO consisted entirely of a fresh issue of shares worth ₹360 crore, with no offer-for-sale component. The shares carry a face value of ₹10 each.

IPO Structure Highlights:

• Offer size: ₹360 crore (entirely fresh issue)
• Price band: ₹189 – ₹199 per share
• Face value: ₹10 per share
• Symbol: SHANTIGOLD

IPO Timelines: Key Dates to Track

• Anchor Allotment Date: 24 July 2025

• IPO Opened: 25 July 2025
• IPO Closed: 29 July 2025
• Listing Date: 1 August 2025

Proceeds Target Manufacturing, Working Capital, and Debt Repayment

As per the Red Herring Prospectus, Shanti Gold International intends to channel the net proceeds from the issue towards strategic growth initiatives and business requirements. These include:

• Establishing a new manufacturing facility in Jaipur, Rajasthan
• Funding day-to-day working capital needs
• Part repayment or prepayment of existing borrowings
• Meeting general corporate expenses

The expansion into Jaipur is part of the company’s plan to boost manufacturing capacity and scale export operations.

Shanti Gold International’s Business Focuses on Export-Ready 22kt CZ Casting Jewellery

Shanti Gold International Ltd, headquartered in Mumbai, is a manufacturer and exporter of 22kt cubic zirconia (CZ) casting gold jewellery. Its diverse product catalogue includes bangles, rings, necklaces, earrings, and bridal sets. The company operates in both the domestic and international markets and currently exports to countries such as UAE, Singapore, the USA, and Qatar. With a growing customer base, it is now investing in infrastructure to meet rising global demand.

Lead Managers and Registrar Confirmed for the IPO

The public issue was managed by Choice Capital Advisors Pvt Ltd as the Book Running Lead Manager (BRLM), and Bigshare Services Pvt Ltd served as the Registrar to the Issue. Trading in SHANTIGOLD shares will begin during regular market hours today.

Stay tuned for listing performance and trading volume updates throughout the day.

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