Shanti Gold IPO to open on July 25 to raise ₹360 crore; check price band, issue type, and other details

The IPO will open for public subscription on July 25 and close on July 29, the company said.

The issue is entirely a fresh issue of 1.81 crore shares worth ₹360.11 crore at the upper end of the price band, with no offer-for-sale (OFS) component.

Proceeds of the issue will be used for setting up a facility in Jaipur, funding the company's incremental working capital requirements, payment of debt and for general corporate purposes.

The Mumbai-based Shanti Gold specialises in the design and production of various types of gold jewellery. As of now, the company has an installed manufacturing capacity of 2,700 kg per annum.

Shanti Gold's revenue from operations increased by 55.52% to ₹1,106.41 crore in fiscal 2025, from ₹711.43 crore in the preceding fiscal, and profit after tax rose to ₹56 crore in fiscal 2025, from ₹27 crore logged in fiscal 2024.

The company announced that half of the issue size has been reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.

Choice Capital Advisors is the sole book-running lead manager for the issue.