Image Source : Moneycontrol
Shanti Gold International Ltd., a leading manufacturer of 22kt CZ casting jewellery, has finalized its IPO allotment today, July 30, 2025. With a stellar subscription rate and a promising grey market premium, investors are now checking their allotment status ahead of the company’s listing on August 1.
IPO Snapshot and Allotment Details
- The IPO was a mainboard offering of 1.81 crore fresh equity shares
- Price band was set at Rs 199 per share
- Total issue size stood at Rs 360.11 crore
- Allotment status is now live and can be checked via Bigshare Services, BSE, or NSE portals
- Investors can use PAN, Application Number, or DP Client ID to verify their allotment
- Shares will be credited to demat accounts by July 31
- Refunds for non-allottees will also be processed on the same day
Key highlight: The allotment process marks a crucial step before the anticipated listing on both BSE and NSE this Friday.
Subscription Metrics and Investor Response
The IPO witnessed overwhelming demand across all investor categories during its subscription window from July 25 to July 29:
- Overall subscription: 81.17 times
- Non-Institutional Investors (NII): 151.48 times
- Qualified Institutional Buyers (QIB): 117.33 times
- Retail Individual Investors (RII): 30.37 times
- Anchor investors contributed Rs 108 crore on July 24
Noteworthy insight: The massive oversubscription, especially from NIIs and QIBs, signals strong institutional confidence in the company’s fundamentals.
Grey Market Premium and Listing Expectations
- GMP as of July 30 stands at Rs 38 per share
- Estimated listing price: Rs 237, indicating a 19.10% premium over the issue price
- Market watchers expect a steady debut, driven by solid financials and anchor backing
- GMP trends have remained stable, reflecting consistent demand in the unlisted market
Key takeaway: While GMP is speculative, the consistent premium suggests investor optimism ahead of listing.
Company Overview and Financial Performance
Founded in 2003 and headquartered in Mumbai, Shanti Gold International operates a fully integrated jewellery manufacturing facility. The company specializes in high-quality CZ casting jewellery, catering to both festive and daily wear segments.
- Product range includes bangles, rings, necklaces, and bridal sets
- Clients include major retail chains like Joyalukkas and Lalitha Jewellery
- FY25 revenue: Rs 1,112.47 crore
- FY25 net profit: Rs 55.84 crore
- Manufacturing unit spans 13,448 sq. ft. in Andheri East, Mumbai
- IPO proceeds will be used for setting up a new facility in Jaipur, working capital, debt repayment, and general corporate purposes
Highlight: With over 56% revenue growth and 100% profit surge year-on-year, Shanti Gold is positioning itself as a scalable player in the jewellery manufacturing space.
How to Check Allotment Status
Investors can check their allotment status using the following platforms:
- Bigshare Services: Select Shanti Gold International, enter PAN/Application Number/DP ID
- BSE: Choose Equity, select Shanti Gold International, enter required details
- NSE: Navigate to IPO bid details, select Shanti Gold International, enter PAN and Application Number
Final insight: With allotment confirmed and listing around the corner, all eyes are now on how Shanti Gold performs on debut day.
Sources: Economic Times, Mint, NDTV Profit, Groww
Advertisement
Advertisement
