Shanti Gold International IPO Allotment Status: Check Latest GMP, Steps to Verify

The allotment process  for Shanti Gold International IPO is expected to be finalised today on July 30, 2025, with the company's shares set to be listed on both the BSE and NSE tentatively on Friday, August 1, 2025.

The bidding window for the ₹360.11 crores IPO closed yesterday on July 29, 2025 for public subscription. 

Steps to Check Shanti Gold International IPO Allotment Status on NSE

Here is the process to check Shanti Gold International IPO Allotment Status on NSE:

1. Open the Application Status page of NSE here 
2. Choose 'Equity & SME IPO bid details' 
3. Select 'Shanti Gold International' from the list of companies 
4. Enter your IPO application number and PAN details 
5. Click on the Submit button to check the details of the share allotment 

Steps to Check Shanti Gold International IPO Allotment Status on BSE 

Here is the process to check Shanti Gold International IPO Allotment Status on BSE:

1. Open the Application Status page of BSE here 
2. Choose 'equity' as the issue type
3. Select 'Shanti Gold International’ from the list of companies
4. Enter your IPO application number and PAN details
5. Verify the captcha by clicking on the 'I am not a Robot' box
6. Click on the Submit button to check the details of the share allotment

Check out newly Listed IPOs on BSE and NSE.

Shanti Gold International IPO Details

Shanti Gold International IPO is a bookbuilding of ₹360.11 crores. The issue is entirely a fresh issue of 1.81 crore shares. The IPO price band is set at ₹189 to ₹199 per share. The minimum lot size for an application is 75, and the minimum amount of investment required is ₹14,175. 

Choice Capital Advisors Pvt Ltd is the book-running lead manager of the Shanti Gold International IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Explore other Upcoming IPOs on BSE and NSE.

Shanti Gold International IPO Overall Subscription Status

(July 29, 2025, 5 PM)

On Day 3, Shanti Gold International IPO saw a subscription rate of 80.78 times. The public issue was subscribed 29.73 times in the retail category, 117.33 times in QIB, and 151.17 times in the NII category.

Utilization of IPO Proceeds

The net proceeds from the fresh issue will be used towards the following purposes:

• Fund working capital requirements.
• Fund capital expenditure requirements to set up the proposed Jaipur facility.
• Repay/prepay outstanding borrowings.
• General corporate purposes.

Shanti Gold International GMP Details

According to NDTV Profit, the Grey Market Premium (GMP) of Shanti Gold International Ltd is ₹38 as of July 30, 2025, 6 a.m. This indicates that the shares of the company are likely to be listed at ₹237, with a premium of 19.10% over the upper end of the price band.

Shanti Gold International Ltd Business Overview

Shanti Gold International Ltd, founded in 2003 and headquartered in Mumbai, manufactures high-quality 22kt CZ casting gold jewellery. Operating on a pure B2B model, it supplies a diverse range of bangles, rings, necklaces, and bridal sets to key jewellery chains in India across 15 states and 1 union territory, including clients such as Joyalukkas and Lalithaa Jewellery.

The company’s manufacturing operations are centralised at an integrated production unit in Andheri East, Mumbai, covering a total area of approximately 13,448.86 square feet. In FY25, Shanti Gold reported revenue of ₹1,112.47 crore and net profit of ₹55.84 crore. 

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