Shanti Gold International Limited's IPO is garnering tremendous response from investors. The company's shares are trading at a premium of ₹38 in the grey market, indicating a potential profit of approximately 20%. This IPO is entirely a fresh equity issue, and investors can apply until July 29th.
New Delhi: The Initial Public Offering (IPO) of Shanti Gold International Limited, a gold jewelry manufacturing company, opened on July 25, 2025, and has seen considerable enthusiasm from investors from day one. On the first day itself, it was subscribed 1.84 times in the retail category, while its shares are trading at a premium of ₹38 in the grey market. This indicates that the share could provide good returns to investors on the listing day.
Strong Performance in the Grey Market, Profit Expected
On July 28th, Shanti Gold's Grey Market Premium (GMP) was ₹38. This means its share price is trading nearly 20% above the upper price band of ₹199. Over the past 11 trading sessions, its GMP has ranged from ₹0 to ₹39, indicating a stable and positive trend.
IPO Details: Only a Few Days Left to Invest
Shanti Gold's IPO opened on July 25th and will close on July 29, 2025. This means investors have only one day left. The company plans to raise ₹360 crore through this IPO. The price band for this issue is set at ₹189 to ₹199 per share.
Tremendous Response from Anchor Investors
Prior to the IPO opening, the company had already raised over ₹108 crore from anchor investors. This has strengthened the company's credibility and investor confidence in the market.
Subscription Status: Overwhelming Inclination of Retail Investors
The IPO is receiving a fantastic response from investors.
- Subscribed a total of 1.16 times on the first day.
- Booked 1.84 times in the retail category.
- Received 1.09 times subscription in the NII (Non-Institutional Investors) category.
- Total subscription has reached 1.52 times by the second day.
- Booking in the retail segment is 2.34 times and in NII is 1.61 times.
Currently, QIB (Qualified Institutional Buyers) have booked 1%, but an increase is expected on the final day.
Minimum Investment Amount and Lot Size
This IPO is entirely a fresh equity issue, with no OFS (Offer for Sale) involved.
- Retail investors must bid for a minimum of 75 shares.
- The price of one lot is approximately ₹14,925.
- Applications will only be accepted in multiples of 75.
Allotment and Listing Dates
- Share Allotment: July 30, 2025
- Listing on Stock Exchange: August 1, 2025
Listing will be on both NSE and BSE.
Why is this IPO Special?
Shanti Gold International's business is based on the manufacturing and sale of gold jewelry, which is considered a stable and profitable sector. The company's financial position is b, and its customer base is continuously growing. Additionally, a good premium in the grey market indicates its reliable listing performance.
