Shanti Gold IPO Day 2: Subscribed 2x, GMP Hints At Healthy Opening; Check Issue Size, Listing Date, etc

Shanti Gold International IPO Day 2 Subscription Live: The mainboard IPO of Shanti Gold International is receiving a decent response from retail, non-institutional and qualified institutional buyers. Shanti Gold IPO was subscribed around 2.01 times on the second day of its IPO subscription.

The Mumbai-headquartered gold jewellery manufacturer is eyeing at raising around Rs 360 crore from its initial public offering (IPO). Recently, Shanti Gold International announced that it garnered around Rs 108 crore from anchor investors. Shanti Gold IPO has been subscribed by around 2.01 times so far, according to data available on Chittorgarh.com at 11 am.

The public issue was subscribed around 3.08 times in the retail category, whereas 0.01 times in the qualified institutional buyers (QIB) category. The Non Institutional Investors (NIIs) have subscribed Shanti Gold International IPO by 2.16 times so far.

Shanti Gold International IPO subscribed 2.01 times. The public issue subscribed 3.08 times in the retail category, 0.01 times in QIB, and 2.16 times in the NII category by July 28, 2025 10:49:37 AM (Day 2).

Shanti Gold International IPO GMP Today

Shanti Gold IPO's Grey Market Premium (GMP) indicates at a healthy opening of the IPO. The IPO GMP was last seen at Rs 38 per share, according to Chittorgarh.com data at 9:30 am. With this, the IPO's listing price is estimated to be Rs 237 (including cap price and GMP), which means that the stock will list a gain or loss per share by 19.10%.

Shanti Gold IPO Details, Key Dates

The IPO's anchor investors, who will receive allocations are Societe Generale, Wealthwave Capital Fund, Rajasthan Global Securities, Meru Investment Fund PCC-Cell 1, Astorne Capital VCC Arven, J4S Venture Fund - I, Shine Star Build Cap Pvt Ltd, etc.

Shanti Gold International IPO opened for subscription on Friday, July 25. With weekend falling in between, the issue is available for investors subscription on Monday, ie day 2.

Shanti Gold International IPO Price Band

The company's price band has been fixed at Rs 189-199 per equity share. The firm has a specialisation in crafting and designing premium range of gold jewellery items. The company ahs an annual production capacity of 2,700 kg.

According to the company's press release, Shanti Gold International's operational revenue surged nearly 55.52% to Rs 1,106.41 crore in the financial year 2024-25. Its profit after tax (PAT) stood at Rs 56 crore in the previous financial year.

Shanti Gold International Ltd, established in 2003 and based in Mumbai, specialises in crafting premium 22kt CZ casting gold jewellery. The company operates exclusively on a B2B model, offering a wide array of products such as bangles, rings, necklaces, and bridal sets. These are supplied to prominent jewellery chains across 15 states and one union territory in India, including notable clients like Joyalukkas and Lalithaa Jewellery.

The company plans to utilise the net proceeds from its fresh issue for several purposes. These include funding working capital needs, financing capital expenditure for a new facility in Jaipur, repaying or prepaying outstanding debts, and addressing general corporate requirements.

Shanti Gold's manufacturing activities are concentrated at a single integrated production unit located in Andheri East, Mumbai. This facility spans approximately 13,448.86 square feet. In the financial year 2025 (FY25), the company reported revenue of ₹1,112.47 crore and achieved a net profit of ₹55.84 crore.