About Shanti Gold International:
The company is a leading manufacturer of 22kt CZ casting gold jewellery, known for its extensive production capacity. It specializes in designing and producing diverse jewellery pieces—bangles, rings, necklaces, and sets offering options across various price points, from daily wear to festive and wedding collections.
About the Industry in which Shanti Gold International operates:
In CY24, the Indian jewellery market is projected to grow by 13.1% to Rs. 4,653 billion, reaching Rs. 7,162 billion by CY29 at a 9.7% CAGR. This growth is driven by the expanding middle class, whose rising disposable incomes boost demand for gold jewellery as a status symbol and investment.
| Important Information and Timelines of the IPO of Shanti Gold International: | |
|---|---|
| Open Date | 25 July 2025 |
| Close Date | 29 July 2025 |
| Total Issue Size – Number of Shares | 18096000 |
| Minimum Bid Price | 189 |
| Maximum Bid Price | 199 |
| Lot Size | 75 |
| Basis of Allotment | 30 July 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 31 July 2025 |
| Listing Date | 1 August 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Shanti Gold International:
| Category | Lots | Shares | Amount (in â‚ą) |
|---|---|---|---|
| Retail – Minimum | 1 | 75 | 14925 |
| Retail – Maximum | 13 | 975 | 194025 |
| sHNI – Minimum | 14 | 1050 | 208950 |
| sHNI – Maximum | 67 | 5025 | 999975 |
| bHNI – Minimum | 68 | 5100 | 1014900 |
Objective of the IPO of Shanti Gold International:
The company intends to utilize the proceeds for funding capital expenditure related to the establishment of the proposed Jaipur facility, meeting incremental working capital requirements, repaying or prepaying certain outstanding borrowings, and for general corporate purposes.
Financials of Shanti Gold International:
| Particulars | March 31, 2025 | March 31, 2024 | March 31, 2023 |
|---|---|---|---|
| Equity Share Capital | 540.00 | 90.00 | 90.00 |
| Revenue from Operations | 11,064.07 | 7,114.34 | 6,794.04 |
| Net Worth | 1,523.73 | 966.69 | 698.05 |
| Basic Earnings per Share | 10.34 | 4.98 | 3.67 |
| Diluted Earnings per Share | 10.34 | 4.98 | 3.67 |
| Net Asset Value per Share | 28.22 | 17.90 | 12.93 |
| Net Profit after Tax | 558.42 | 268.68 | 198.19 |
| Net Profit Margin | 5.05% | 3.78% | 2.92% |
| Total Borrowings | 2,329.97 | 2,106.78 | 1,653.35 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Shanti Gold International. You will receive a UPI mandate after 10:00 AM on 25 July 2025.
###1. How to apply for the IPO of Shanti Gold International on Dhan?
You can apply for the IPO of Shanti Gold International from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Shanti Gold International be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 31 July 2025. However, you will be able to see the shares of Shanti Gold International on Dhan before the market starts on the listing date which is 1 August 2025.