The company is a leading manufacturer of high-quality 22kt CZ casting gold jewellery
MUMBAI, July 24(The CONNECT)- Shanti Gold International Limited has garnered Rs. 108 crores from anchor investors ahead of its initial public offering that opens on Friday, July 25, 2025. The company informed the bourses that it allocated 54,28,800 equity shares at Rs. 199 per share on Thursday, July 24, 2025, to anchor investors.
Some of the marquee Institutions that participated in the anchor include Societe Generale, Wealthwave Capital, Rajasthan Global Securities, Abundantia Capital VCC, Swyom India, Astorne Capital, Shine Star Build Cap and Meru Investment.
Choice Capital Advisors Private Limited is the sole book-running lead manager, Bigshare Services Private Limited is the registrar of the issue.
Shanti Gold International, founded as a partnership firm in 2003, by Pankajkumar H. Jagawat and Manojkumar N. Jain, is a leading manufacturer of high-quality 22kt CZ casting gold jewellery, in terms of installed production capacity, specializing in the design and production of all types of gold jewellery (Source: CARE Report).
The company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings to festive and daily-wear jewellery.
It has a fully integrated in-house manufacturing facility that spans over 13,448.86 square feet area in Andheri, Mumbai that is equipped to produce variety of jewellery with precision and efficiency. As on date, it has an installed manufacturing capacity of 2,700 kg per annum.
The company has a long-standing relationship with several jewellery businesses, including corporate jewellery brands (“Corporate Clients”), such as Joyalukkas India Limited, Lalithaa Jewellery Mart Limited, Alukkas Enterprises Private Limited, Vysyaraju Jewellers Private Limited and Shree Kalptaru Jewellers (I) Private Limited and numerous other esteemed clients. Its customer network spans 15 states and 2 union territories in India and has international presence in USA, UAE, Singapore and Qatar.
Shanti Gold International’s revenue from operations increased by 55.52% to ₹ 1,106.41 crore in Fiscal 2025 from ₹ 711.43 crore in Fiscal 2024, attributable to increase in sale prices of gold jewellery and increase in sales volume. Profit after tax increased by 107.84 % in profit after tax from ₹ 26.87 crore in Fiscal 2024 to ₹ 55.84 crore in Fiscal 2025.
IPO Details
The IPO is entirely a fresh issue of up to 1,80,96,000 equity shares with no offer for sale component.
The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Friday, July 25, 2025, and closes on Tuesday, July 29, 2025. The price band for the Offer has been determined at Rs 189 – Rs 199 per equity share.
The IPO will fetch Rs 360.11 crore at the upper end of the price band.
Investors can bid for a minimum of 75 equity shares and in multiples of 75 equity shares thereafter.
The Issue is being made through the book-building process, wherein not more than 50% of the issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the issue shall be available for allocation to non-institutional bidders, and not less than 35% of the issue shall be available for allocation to retail individual bidders.
