There is good news for investors waiting for earnings from IPOs. Another option is ready for you. Shanti Gold International, who specializes in the manufacture of gold jewelery, has fixed the price band of ₹ 189 to ₹ 199 per equity share for its upcoming ₹ 360 crore Initial Public Offering (IPO). According to PTI news, the company said that this IPO will open for subscription on July 25 and will be closed on 29 July.
There will be a completely fresh issue
According to the news, this issue will be completely fresh issue, in which 1.81 crore new shares will be issued. The issue does not include any offer for cell (OFS). According to the upper price band ₹ 199, this issue will be ₹ 360.11 crore. The amount raised from the IPO will be used for the installation of a new construction unit in Jaipur, working capital needs, payment of debt and general corporate work.
A look at the company
Mumbai -based Shanti Gold International specializes in the design and construction of various types of gold jewelery. Currently, the company’s annual production capacity is 2,700 kg. In FY 2025, the company’s operational revenue increased by 55.52% to ₹ 1,106.41 crore, which was ₹ 711.43 crore in FY 2024. At the same time, the net profit increased to ₹ 56 crore, which was ₹ 27 crore in the last financial year.
Shanti Gold International Limited said that 50% of the IPO is reserved for qualified institutional buyers (QIB), 35% for retail investors and the remaining 15% for non-institutional investors. Choice Capital Advisors have been appointed as the only book running lead manager for this IPO.
How much GMP is going
Shanti Gold International IPO’s Gray Market Premium (GMP) was ₹ 0 on Tuesday. That is, the shares of the company are trading at the issue of ₹ 199 in the Grace Market, neither has any premium nor any discount. This information was given by Investorgain.com. The gray market premium indicates how keen on investors are to pay more than the issue price. If GMP is high, it indicates that investors are strongly interested in IPOs. At the same time, GMP of ₹ 0 shows whether the demand for share in the market is limited or investors are cautious.
Latest business news
