Shanti Gold IPO now open: Check subscription numbers, and 10 things to know on ₹360 crore offer

Shanti Gold IPO: Gold jewellery maker Shanti Gold International's initial public offering hit the primary market on Friday, July 25. The price band has been set at ₹189 to ₹199 per share. The company's equity shares will list on the stock exchanges on August 1.

Before the IPO, the company raised ₹108.03 crore in the anchor round from investors including Societe Generale, Rajasthan Global Securities, Wealthwave Capital Fund, Astorne Capital VCC Arven, Shine Star Build Cap Pvt Ltd, Meru Investment Fund PCC-Cell 1, and J4S Venture Fund - I, among others.

Shanti Gold International IPO: Subscription

The initial share sale has been subscribed 25% until 11:00 am on the first day of the bidding on Friday, with bids for 31,97,025 shares compared to 1,26,67,200 shares on offer, according to NSE.

Shanti Gold IPO: 10 key points to know

• Shanti Gold IPO subscription period: The initial share sale is open from July 25 to July 29.
• IPO offer structure: It is entirely a fresh issuance of 1.81 crore shares aggregating to ₹360.11 crore. There is no offer-for-sale component.
• Shanti Gold IPO price band: The price range has been fixed at ₹189 to ₹199 per share.
• Reservation: The company has reserved half of the net issue for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
• Shanti Gold IPO lot size: Retail investors can submit applications for at least 75 shares.
• Objectives: Proceeds will be utilised for establishing a facility in Jaipur, funding the incremental working capital needs, debt clearance, and corporate general purposes.
• Book-running lead manager and registrar: Choice Capital Advisors is the only book-running lead manager to the issue. Bigshare Services serves as the registrar.
• Shanti Gold IPO allotment date: The basis of allotment is expected to be finalised on July 30.
• Listing date: The listing on the BSE and the NSE will take place on August 1.
• Promoter holding: The company's promoters hold a 99.99% stake, which will be reduced to 74.89% post-issue.

Shanti Gold is engaged in the designing and production of gold jewellery. It has an installed manufacturing capacity of 2,700 kg per annum.

Shanti Gold IPO GMP