Shanti Gold IPO Listing: Share Price Opens 14% Higher on NSE | Full Subscription Details & Use of Funds
- 1st August 2025
- 06:00:00 PM
- 4 min read
Mumbai | August 1 – Shanti Gold International Ltd made a positive debut on the Indian stock exchanges today, with its shares listing at ₹227.55 on the NSE, marking a 14.35% premium over the IPO issue price of ₹199. On the BSE, the stock opened slightly stronger at ₹229.10, a gain of 15.13%.
This listing comes amid a highly active primary market, where multiple IPOs are drawing strong investor response. One such recent issue is Laxmi India Finance, whose IPO closed earlier this week.
Also Read Laxmi India Finance IPO Allotment Status: How to Check on NSE, BSE, MUFG
Shanti Gold’s ₹360 crore IPO was entirely a fresh issue—with no offer-for-sale (OFS)—comprising 1.81 crore equity shares in a price band of ₹189–₹199 per share. The minimum lot size for retail investors was 75 shares. Based on the NSE listing price, investors who sold on listing day would have seen a notional gain of approximately ₹17,066 per lot.
The IPO witnessed strong subscription across all categories, with the total issue being subscribed 81.17 times. Institutional interest led the way—Qualified Institutional Buyers (QIBs) subscribed 117.33 times, while Non-Institutional Investors (NIIs) put in bids 151.48 times their quota. The retail portion was subscribed 30.37 times, highlighting broad-based participation.
Ahead of the public offering, Shanti Gold raised ₹108.03 crore from anchor investors, including names such as Societe Generale, Wealthwave Capital Fund, Astorne Capital VCC, and Meru Investment Fund. The anchor book was fully subscribed a day before the IPO opened.
Where Will the IPO Funds Go?
As outlined in the company’s prospectus, the IPO proceeds will be used to:
- Repay or prepay outstanding borrowings
- Fund working capital needs
- Invest in capital expenditure to set up a new jewellery manufacturing unit in Jaipur
- Support general corporate purposes
These moves are part of Shanti Gold’s broader strategy to strengthen its manufacturing base, improve efficiency, and expand distribution.
What Does Shanti Gold Do?
Shanti Gold International is a leading manufacturer of 22-karat CZ casting gold jewellery in India. Its product portfolio includes rings, bangles, necklaces, and complete bridal sets. The company operates a fully integrated production unit, which enables better quality control, cost management, and faster design turnaround. This is a critical edge in the competitive Indian jewellery market, where both precision and scalability matter.
The company’s positioning in the organised gold jewellery segment has helped it attract institutional capital and retail confidence. However, analysts point out that future performance will depend on its ability to scale efficiently while maintaining margins and managing input cost volatility.
What’s Next in the IPO Market?
With Shanti Gold now listed, all eyes are on the next wave of offerings. Several companies across NBFCs, infrastructure, energy, and FMCG are set to hit the market in August.
The IPO witnessed substantial demand across all investor categories, closing with an overall subscription of 81.17 times. Here’s how the categories performed:
- Qualified Institutional Buyers (QIBs): 117.33x
- Non-Institutional Investors (NIIs): 151.48x
- Retail Individual Investors (RIIs): 30.37x
According to consolidated NSE data, over 102.8 crore shares were applied for, compared to just 1.26 crore shares on offer—signaling high investor interest in the jewellery company’s public issue.
Also Read- Upcoming IPOs in August 2025 – Full Calendar & Key Dates
Shanti Gold’s stable listing is a strong signal for investor sentiment in mid-sized manufacturing and consumption-focused companies. But as always, listing gains are just the beginning. For investors, sustainable returns will hinge on execution, margin resilience, and revenue growth over the next few quarters.
Disclaimer: This article is purely informational and does not constitute investment advice.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
