Shanti Gold International IPO: Shanti Gold International’s Initial Public Offer (IPO) has received a great response from investors. The company’s IPO opened for the bid on Friday 25 July and the entire subscribed on the first day. At the end of the first day it closed with 1.16 times more subscription. The special thing is that retail investors subscribed 1.84 times more shares for their share. While the share of non-institutional investors (NII) was also filled 1.09 times.
According to data on NSE, this IPO received bids for a total of 1.46 crore shares, while only 1.26 crore shares were available in the offer. It is clear that investors have taken it hands-on. Shanti Gold has also received an amount of ₹ 108 crore from anchor investors before IPO.
The size of this IPO of Shanti Gold is Rs 360 crore. The company has fixed a price band of Rs 189 to Rs 199 per share for its IPO. It is open to bid till 29 July.
Shanti Gold International shares will be allotted on 30 July 2025. At the same time, its listing can be on 1 August 2025 on the NSE SME platform.
Shares boom in gray market
The gray market is also being seen with the shares of Shanti Gold International. According to Investorgain, the current Gray Market Premium (GMP) of Shanti Gold shares is running around Rs 37. This shows that the company’s shares may list at the premium up to 18.59%. This means that the gray market is currently expecting this share to be listed at Rs 37 from its IPO price i.e. Rs 236.
However, it is necessary to mention here that the estimate of business in the gray market is not always correct. Market experts always advise to decide to invest on the basis of fundamentals and financials of the company instead of gray market.
Company profile
Shanti Gold International is a Mumbai -based jewelery manufacturer company which specializes in the design and production of gold jewelery. The company has an annual construction capacity of 2,700 kg. It produces many types of traditional and modern -designed jewelery and has made its presence in the domestic and international market.
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