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Home
InvestmentsIPOShanti Gold International IPO

Shanti Gold International IPO

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Open Date

25 Jul 2025

Close Date

29 Jul 2025

Min Investment

₹ 14,175

Max Investment

₹ 5,00,000

Lot Size

75

Issue Size

₹ 360.11 Cr

Price Range

₹ 189 - ₹ 199
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
25 Jul 2025
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IPO Offer Ends
29 Jul 2025
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Allotment Finalisation
30 Jul 2025
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Refund Initialisation
31 Jul 2025
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Non-Institutional Buyers (sHNI)
31 Jul 2025
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Listing of Shares
1 Aug 2025
IPO Subscription Details as on 15 Dec 2025, 03:54 AM
Qualified Instituational Buyers (QiB)
117.33 x
Retail
28.2 x
Non-Institutional Buyer (bHNI)
173.08 x
Non-Institutional Buyer (sHNI)
106.75 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company offers a wide range of jewellery designs driven by a team of experts. Complete in-house manufacturing is employed, ensuring quality at every step. The company is led by experienced Promoters with execution capabilities. Established relations with corporate and jewellery businesses have been formed. The company aims to capture market opportunities in the growing jewellery industry, penetrate new clients within existing export countries, and augment working capital for scalable business operations.
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Founded In

2013

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Director

Manojkumar N Jain

Financials of Shanti Gold International IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue67,940.4071,143.401,10,640.70
Other Income287.10360.40606.00
Total Income
68,227.5071,503.801,11,246.70
Total Expenses
65,131.9067,921.401,03,963.60
Profit Before Tax3,095.603,582.407,283.10
Total Profit
1,981.902,686.805,584.20

All figures are in lakhs (₹)

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Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
The company plans to set up a new manufacturing facility in Jaipur to expand production capacity and cater to growing demand in the Indian jewellery market. This will increase the installed production capacity from 2,700 kg to 3,900 kg per annum.46
To meet higher working capital requirements due to anticipated business growth, increased inventory and receivables. This will support expansion of existing capacity utilization and the new Jaipur facility.200
To repay or prepay certain borrowings availed by the company to reduce interest costs and improve the debt-equity ratio.17
For general corporate purposes including funding strategic initiatives, meeting working capital requirements, strengthening marketing capabilities, and other business purposes, subject to compliance with applicable laws.-
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  • Wide range of jewellery designs driven by team of experts: The company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points. As of May 31, 2025, the company had a team of 79 CAD designers on their payroll, who develop over 400 designs per month on a regular basis. The design team is integral to the company's ability to innovate, consistently creating fresh jewellery collections that cater to diverse tastes and regional preferences across India and international markets.
  • Complete in-house manufacturing: The company has fully integrated in-house manufacturing setup, which enables greater control over the quality of products and meets the standards expected by customers. All aspects of design, manufacturing, and packaging are carried out in-house, enabling the creation of jewellery tailored to clients' preferences. The Andheri Manufacturing Facility spans over 13,448.86 square feet area, equipped to produce a variety of jewellery with precision and efficiency. As of the date of the document, the company has an installed manufacturing capacity of 2,700 kg per annum.
  • Experienced Promoters with execution capabilities: The company's Promoters and Directors, Pankajkumar H. Jagawat and Manojkumar N. Jain, each have over 20 years of experience in the jewellery industry, and Promoter and Director, Shashank Bhawarlal Jagawat, has over 16 years of experience. The Promoters have been responsible for augmenting relationships with various stakeholders which has helped the company expand its operations.
  • Financially stable business model: The company has organically grown its operations and has demonstrated an increase in revenues and profitability. For the Fiscal Year 2025, the company reported Revenue from Operations of ₹11,064.07 million, EBITDA of ₹977.14 million, and Net Profit after tax of ₹558.42 million. The company's EBITDA Margin and Net Profit after tax Margin for Fiscal 2025 were 8.83% and 5.05% respectively.
  • Established relations with corporate and jewellery businesses: The company has fostered long-standing relationships with several jewellery businesses, including corporate jewellery brands such as Joyalukkas India Limited, Lalithaa Jewellery Mart Limited, Alukkas Enterprises Private Limited, Vysyaraju Jewellers Private Limited and Shree Kalptaru Jewellers (I) Private Limited. These relationships have been built on the company's ability to provide a wide range of designs tailored to the needs of clients by understanding market preferences.

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SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
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