Shanti Gold IPO Opens 25 July - Check GMP, Allotment & Price

Shanti Gold International Ltd is allowed to begin the IPO process. The company is headquartered in Mumbai, Maharashtra, and is a leading company in the gold and jewelry sector of India. Shanti Gold has seen good growth in the recent past, and analysts believe that it can continue to grow. The IPO price is ₹199 per share for its ₹360.11 crore IPO and it should be a viable option as they are well positioned to participate in the growth of the gold market in India.

The Shanti Gold IPO GMP has not started as of today because the IPO opening has not happened yet. The GMP for Shanti Gold IPO has not started, and grey market premium updates will begin once the IPO opens. Considering the market situation and the company's financial performance, I expect that both small and large investors who are looking to invest in the gold industry will notice this IPO.

IPO Dates for Shanti Gold International Ltd

The Shanti Gold International Ltd IPO is set to open on July 25, 2025, and close on July 29, 2025. The Board of Allotment (BoA) date is expected to be July 30, 2025, with listing planned for August 1, 2025.

IPO Details Summary

The minimum bid is 75 shares for ₹14,925 amount for retail investors. Investors are watching very carefully the GMP of Shanti Gold IPO, but the grey market premium is not live yet, as the market is waiting for the IPO announcement. This is one of the important IPO list in the NSE platform.

About Shanti Gold International Ltd

Shanti Gold International Ltd is located in Mumbai, Maharashtra, and is recognized as a prominent player in India's gold and jewelry space. The company conducts gold trading, jewelry manufacturing and related industries. They service customers across India with quality gold products and jewelry.

The company operates in the gold industry as a supplier of gold bars, coins, and jewelry to a diverse range of customers. After recent data collection, it can be said that Shanti Gold has a wide range of customers from small buyers to corporations that use the gold products and jewelry services that they sell.

Keeping the above in mind, Bigshare Services Pvt Ltd is the registrar of Shanti Gold's IPO. The Shanti Gold IPO is looking to raise ₹360.11 crores. The proceeds from the fresh issuance will be for the company's business growth, business technology upgrades, working capital and for other general business purposes. The market for gold products is growing in India and demand for higher quality gold products are growing, which positions Shanti Gold International Ltd well in the competitive landscape of India's growing gold industry.

Financial Performance of Shanti Gold International Ltd

The company has shown strong revenue growth and kept making profits in the growing gold market.

Performance Analysis

Shanti Gold International Ltd had a very good financial performance. It has utilized its business model to drive revenue from ₹682.3 Cr in FY23 to ₹1112.5 Cr by FY25. The profit after tax also improved with 182% growth to ₹55.8 Cr. Furthermore, the growth was evident in the EBITDA reporting more than double demonstrating better business direction and the successful management of costs in the gold business.

The performance of the company was evident in the strong growth of assets of ₹419.8 Cr. The net worth of the company increased to more than double at ₹152.4 Cr which indicates strong money structure based off internal earnings. Borrowings have being increasing but in a preventable manner. Shanti Gold has demonstrated not only great financial discipline while navigating rapid growth, but also, positioned itself well for sound future growth in the sector it operates.

IPO Share Reservation

The IPO share allocation follows standard SEBI rules:

Strengths

1. Revenue Growth:
Revenue grew strongly from ₹682.3 Cr to ₹1112.5 Cr supported by higher demand for gold and successful marketing.

2. Profit Jump:
The significantly higher profits from PAT of ₹19.8 Cr to ₹55.8 Cr indicates strong and effective cost control, and a good operational model.

3. EBITDA Growth:
EBITDA improved from ₹45.6 Cr to ₹97.7 Cr indicating better profitability and degree of business efficiency.

4. Asset Growth:
The asset base grew from ₹256.9 Cr to ₹419.8 Cr along with total liabilities in this period indicating good business investment in infrastructure and expansion.

5. Marketing Opportunities:
Well positioned to capitalise on India's growing gold market and jewelry business.

6. Business Focus:
A strong focus on gold trading and jewelry business gives us good expertise in this market.

7. Strong Financial Position:
Our growth in reserves shows good cash making ability and strong financial position.

Risks

1. Price Fluctuation in Gold:
The gold industry is very vulnerable to price fluctuation in the market surrounding gold.

2. Competition:
Competition from jewellery makers will affect market share and profit.

3. Economic Cycle:
The business relates to economic cycles, consumer spending on gold and jewellery, etc.

4. Changes in Regulation:
Changes in air, tax policies regarding importing gold could affect business.

5. Changes in Input Costs:
Change in gold prices and other input costs can affect profitability.

6. Market Demand:
Is based on consumer buyer demand for supply of gold which may change with the economic cycle.

7. Currency:
The workings of currency exchange rates surrounding the market pricing of gold will impact the business.

How to Apply for Shanti Gold International Ltd IPO?

Step-by-step guide (when IPO opens on July 25, 2025):

1. Log in to your broker app (Zerodha, Angel One, Groww, etc.)
2. Go to the IPO section and select the Shanti Gold International Ltd IPO
3. Click "Apply"
4. Enter:
   • Lot size (75 shares minimum)
   • Bid price (₹199 or select Cut-Off)
   • Your UPI ID
5. Submit the application
6. Approve the UPI request in your UPI app (PhonePe, GPay, etc.)

⏰ Important: The UPI request must be approved before 5 PM on the same day or before the IPO closes on July 29, 2025.

How to Check Shanti Gold International Ltd IPO Allotment Status?

You can check the Shanti Gold IPO allotment status through NSE and the registrar portal once the IPO opens.

Check On NSE

1. Visit the NSE official website
2. Go to the IPO Allotment Section
3. Select Shanti Gold International Ltd IPO
4. Enter PAN number or application number
5. Submit details to get the Shanti Gold IPO allotment status

Check On the Registrar Portal

1. Visit Bigshare Services website:
2. Select IPO allotment status
3. Choose Shanti Gold International Ltd IPO
4. Enter PAN or application number
5. Submit to check status

Company Address

Name: Shanti Gold International Ltd
Address: Plot No A-51, 2nd Floor to 7th Floor, MIDC, Marol Industrial Area, Road no.-1, Near Tunga International Hotel, Mumbai, Maharashtra, 400093
Phone: +91 22 4824 964
Email: cs@shantigold.in
Website: https://shantigold.in/

IPO Registrar

Name: Bigshare Services Pvt Ltd
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Address: Bigshare Services Pvt Ltd, 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri(E), Mumbai - 400059

Conclusion

Shanti Gold International Ltd is a solid investment opportunity in the expanding gold and jewellery business in India. The company has exhibited impressive growth in revenue of ₹682.3 Cr to ₹1112.5 Cr, and PAT of ₹55.8 Cr reflecting good cost containment and operational efficiency, and a growing business model. The focus on gold trading and jewellery products places the company in an excellent position to capture the strong demand trend in India's gold market.

The IPO price will be ₹199 per share, with ₹360.11 Cr issue size. In total, it does seem to be fairly priced for a growing company. Investors should be cognizant of the implications of changes in the gold price, competition, and economic factors in general. If investors are comfortable with these risks, Shanti Gold latitude provides an excellent opportunity for investment in the gold industry.

Disclaimer : This analysis is for learning purposes and not financial advice. Please talk to a financial advisor before making investment decisions.

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