Shanti Gold Lists at 14.36% Premium

Mumbai, August 1, 2025 – Shanti Gold International Ltd made a strong debut on the stock exchanges today, listing at ₹227.55 on the NSE, a 14.36% premium over its IPO issue price of ₹199. The mainboard IPO of the gold jeweller manufacturer opened for subscription on July 25 and closed on July 29, while the IPO allotment date was July 30.

Listing Day Trade Snapshot (as of 11:00 AM IST)

At 11:00 AM IST on 22 July 2022 (listing day), the stock of Shanti Gold International opened on the NSE at ₹233.35, up ₹34.35 (17.26%) from the IPO price of ₹ 199.00. The share climbed to a new high and low of ₹227.10 to ₹238.36 with a volume weighted average price (VWAP) of 230.37. The closing price of the last trade was 235.73. The volume traded totalled 111.03 lakh shares with a value of trade of ₹255.75 crores. There was a high number of buy orders compared to sell orders, which were 50.73 lakh and 8.54 lakh shares, respectively. Such a powerful upsurge led to the market capitalization of the company reaching 1706.37 crore, showing that the market is interested and was gaining momentum.

Anchor Book Participation

Ahead of Shanti Gold IPO, the company raised ₹108.03 crore from 15 anchor investors, allocating 54,28,800 shares at ₹199 per share. Key participants included:

• Societe Generale – ODI
• Wealthwave Capital Fund
• Rajasthan Global Securities Pvt Ltd
• J4S Venture Fund I
• Vijit Growth Fund
• Meru Investment Fund PCC – Cell 1
• Founders Collective Fund
• Abundantia Capital VCC – Abundantia Capital III
  (Complete anchor list finalized on July 24, 2025)

IPO Recap

The 360 crore IPO by Shanti Gold International garnered substantial investor interest, with an overall subscription of 81.17 times. QIBs were subscribed 117.33 times, Non-Institutional investors (NII) 151.48 times, and retail individual investors (RII) 30.37 times. The success of the response demonstrates the investors’ confidence in the company’s ability to grow and establish a strong market position.

Use of Funds

According to the prospectus, net proceeds from the IPO will be used for:

• Establishing a new manufacturing facility in Jaipur
• Funding working capital needs
• Repayment/prepayment of certain borrowings
• General corporate purposes

About the Company

Shanti Gold International Limited is a manufacturing company of gold jewellery that was incorporated in 2003 in India. It is a manufacturing company that specializes in the design and production of high-quality 22kt CZ casting gold jewellery. The company offers a wide range of high-quality, meticulously designed jewelry, including bangles, rings, necklaces, and sets, suitable for special occasions, weddings, and festive events, as well as everyday wear, available at various price points. Quality control is achieved through an in-house manufacturing setup of the company when it comes to design, production and packaging. It employs sophisticated equipment and subcontracted labour in operations such as manual setting of stones, ensuring quality and artisanship.

Lead Managers and Registrar

• Book Running Lead Manager: Choice Capital Advisors Pvt Ltd
• Registrar: Bigshare Services Pvt Ltd

The company is now officially listed on both NSE and BSE under the symbol SHANTIGOLD. Further updates on intraday movement and closing price to follow.

REF: https://www.nseindia.com/get-quotes/equity?symbol=SHANTIGOLD

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