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SHANTIGOLDEQ / NSE, BSEListed
Shanti Gold International

Shanti Gold International Limited, founded in 2003, specializes in manufacturing high-quality 22kt CZ casting gold jewelry with a focus on detailed design and craftsmanship. The company offers a wide range of jewelry including bangles, rings, necklaces, and complete sets, catering to different price segments and occasions such as weddings, festivals, and daily wear. Its manufacturing facility, located in Andheri East, Mumbai, spans over 13,000 square feet and has an annual capacity of 2,700 kg of gold jewelry. The entire process, from design to packaging, is managed in-house to maintain quality standards, while advanced machinery and skilled outsourced labor handle specialized tasks like stone setting. Shanti Gold's design team includes 80 CAD professionals who create over 400 unique CZ gold jewelry designs every month using cutting-edge design software. The company has built strong relationships with leading jewelry retailers such as Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers, and Shree Kalptaru Jewellers. As of September 30, 2024, Shanti Gold has a presence in 13 states and 1 union territory, with branch offices in key cities like Mumbai, Bangalore, Chennai, and Hyderabad.

₹189 - ₹19981.17x sub
Listed Price₹227.55
Listing Gain+14.35%

IPO Schedule & Timeline

Bookbuilding IPO
Open25 Jul 2025
Close29 Jul 2025
Allotment30 Jul 2025
Listing01 Aug 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail63,33,600 shares
35%
Nii(hni)27,14,400 shares
15%
QIB36,19,200 shares
20%

Minimum Application Lots

Retail1 Lot (75 shares)
₹14,925
sHNI14 Lots (1,050 shares)
₹2,08,950
bHNI68 Lots (5,100 shares)
₹10,14,900

Company Promoters

Pankajkumar H JagawatManojkumar N JainShashank Bhawarlal Jagawat

Company Background

Shanti Gold International Limited, founded in 2003, specializes in manufacturing high-quality 22kt CZ casting gold jewelry with a focus on detailed design and craftsmanship. The company offers a wide range of jewelry including bangles, rings, necklaces, and complete sets, catering to different price segments and occasions such as weddings, festivals, and dai...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-24)₹509.67 Cr
Growth+18.5%
Revenue Trend (₹ in Crores)
0.0274.1548.2822.3Mar-22Mar-23Mar-24Sep-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-24509.6718.25411.26272.91
Mar-24715.0426.87325.4210.68
Mar-23682.2819.82256.88165.34
Mar-22430.133.3214.41143.97

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-2510.340%25.70%00
Mar-244.980%17.97%00
Mar-233.670%19.36%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
30 Jul 2025
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
01 Aug 2025

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Shanti Gold International. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization30 Jul 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date01 Aug 2025Trading commences on exchange

How to Check Shanti Gold International Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Shanti Gold International from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

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About Shanti Gold International IPO

Complete issue overview for Shanti Gold International (SHANTIGOLD) IPO. The issue features an equity share price band of ₹189 – ₹199 per share with a minimum retail lot size of 75 Shares (minimum application amount of ₹14,925). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions