Shanti Gold International IPO opens on July 25: Here's at look at its price band, lot size, key dates and more

Shanti Gold International IPO: The initial share sale of gold jewellery maker Shanti Gold International will be open from July 25 to July 29. The bidding for anchor investors would occur on July 24.

The price band has been fixed at ₹189 to ₹199 per share. The initial public offering seeks to raise ₹360.11 crore via the fresh issuance of 1.811 crore shares.

The funds generated will be utilised for capital expenditure needs towards establishing the proposed Jaipur facility, working capital requirements, debt repayment and corporate general purposes.

Shanti Gold International IPO: Lot size

A lot consists of 75 shares. The company has set aside 50% of the net issue for the qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for non-institutional investors (NIIs).

Shanti Gold International IPO: Key dates

The basis of allotment of the Shanti Gold IPO is expected to be finalised on July 30. Refunds for unsuccessful investors will be initiated on July 31, while shares will be credited to the Demat account of successful investors on July 31.

Shares of the company are likely to list on the bourses – the National Stock Exchange (NSE) and the BSE – on August 1.

Choice Capital Advisors Pvt Ltd is the only book-running lead manager of the issue, while Bigshare Services is the registrar.

About the company

Shanti Gold International is among the leading manufacturers of high-quality 22kt CZ casting gold jewellery. It offers a wide range of intricately designed pieces, including rings, bangles, necklaces and complete jewellery sets across various price ranges for special occasions.

It has a manufacturing facility located in Mumbai. "All aspects of design, manufacturing, and packaging have been carried out in-house, enabling us to create jewellery tailored to our clients' preferences. Our manufacturing and processing operations are carried out using machines such as casting machines, steamers, induction melters, air compressors, etc.," the company said in its red herring prospectus.