Shanti Gold International IPO Allotment Date; Subscription Status, GMP, Listing Details - How To Check Online?

The IPO (Initial Public Offering) of Shanti Gold International, a gold jewellery manufacturer, saw strong interest from investors across all categories. The IPO was oversubscribed 81.17 times in total, showing high demand from both retail and institutional investors.

The allotment of shares is expected to be finalized today, July 30, 2025. Once finalized, the equity shares will be credited to investors' demat accounts on July 31, and refunds for those who didn't receive allotment will be processed on the same day. The shares are likely to be listed on stock exchanges, BSE and NSE on August 1, 2025.

How to Check Shanti Gold IPO Allotment Status Online?

Investors who applied for shares in the company's IPO can now check their allotment status online through the registrar Bigshare Services as well as on the BSE and NSE websites.

On Bigshare Services (Registrar):

1. Visit https://ipo.bigshareonline.com/IPO_Status.html
2. Choose 'Shanti Gold International Ltd'
3. Enter Application No., PAN, or Beneficiary ID
4. Complete captcha and click 'Search'

On BSE Website:

1. Visit https://www.bseindia.com/investors/appli_check.aspx
2. Select 'Equity' as issue type
3. Choose 'Shanti Gold International Ltd'
4. Enter your PAN or Application Number
5. Click 'I am not a robot', then click 'Search'

On NSE Website:

1. Go to https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
2. Choose 'Equity and SME IPO bids'
3. Select 'Shanti Gold International Ltd'
4. Enter your PAN and Application Number
5. Click 'Submit'

Shanti Gold IPO Grey Market Premium (GMP):

As of today, July 30, Shanti Gold shares are trading at a GMP of Rs 38 per share in the unlisted (grey) market. Since the IPO price is Rs 199, the estimated listing price could be around Rs 237 per share, giving investors a 19.1% premium over the issue price if the trend holds.

Subscription Details:

The IPO saw strong participation across all investor segments. Retail investors subscribed 30.37 times, Qualified Institutional Buyers (QIBs) subscribed 117.33 times, and Non-Institutional Investors (NIIs) led the demand with 151.48 times subscription.

Overall, the IPO received over 102 crore share applications for just 1.26 crore shares on offer, showing extremely high interest, according to NSE data.

IPO Details:

Shanti Gold International's IPO was a book-building issue worth Rs 360.11 crore. It involved the sale of 1.81 crore fresh equity shares, with no offer-for-sale (OFS) component.

The IPO was open for subscription from July 25 to July 29, 2025. The price band was fixed between Rs 189 and Rs 199 per share, and the minimum investment was Rs 14,175 (for one lot of 75 shares).

The IPO was managed by Choice Capital Advisors Pvt Ltd, while Bigshare Services Pvt Ltd acted as the registrar.

Use of IPO Funds:

Shanti Gold International plans to use the money raised from the IPO for several business purposes. These include meeting working capital needs, setting up a new facility in Jaipur, repaying loans, and covering other general corporate expenses.

About Shanti Gold International:

Founded in 2003, Shanti Gold International Ltd is a gold jewellery manufacturer known for its 22kt CZ casting jewellery. It offers a wide range of rings, bangles, necklaces, and sets for weddings, festivals, and daily wear.

The company runs its own design, production, and packaging setup in Andheri East, Mumbai, with a facility covering over 13,000 sq. ft. and an annual capacity of 2,700 kg.

Shanti Gold supplies to top jewellery brands like Joyalukkas, Lalitha Jewellery, and Alukkas Enterprises, among others. As of May 31, 2025, the company operates across 15 states and 1 union territory, with branches in cities such as Mumbai, Bangalore, Chennai, and Hyderabad.