Shanti Gold International IPO to close today; GMP soars

New Delhi: Shanti Gold International Ltd IPO, which is set to close for public subscription on 29 July 30 2025, Tuesday, has received superb response from the investors. The initial public offer is a bookbuilding of issue worth Rs 360.11 crore and entirely a fresh issue of 1.81 crore shares. The price band for the IPO has been fixed in the range of Rs 189-199 per share.

Shanti Gold International IPO received 21.41 times overall subscription. The retail category got 16.14 subscription, Qualified Institutional Buyers (QIB) portion 0.35 times and 61.79 times subscription was recorded in the Non-institutional investors category by 12:45 pm on July 29. The company is offering 1,26,67,200 shares for public subscription.

Investorgain reported that Shanti Gold International IPO GMP was recorded at Rs 33.5 at around 12 noon on July 29. With the price band of Rs 199, Shanti Gold International shares are expected to be listed at Rs 232.5 per equity share, which indicates that gain percentage could be nearly 17 per cent. It may be noted that GMP figures are not official.

Shanti Gold International mobilised a little over Rs 108 crore from anchor investors.

Choice Capital Advisors is the book-running lead manager to Shanti Gold IPO.

Shanti Gold International IPO allotment is expected on July 30, 2025. The process to initiate refunds to the eligible shareholders is expected to kickstart on 31st July. The shares are likely to be credited to the demat accounts of eligible shareholders on July 31. The stock will list on BSE and NSE with a tentative date on August 1.

In the draft papers filed with SEBI, Shanti Gold International mentioned that proceeds of the issue will be used for payment of debt, establishing a unit in Jaipur, funding the company's incremental working capital requirements, and for general corporate purposes. Shanti Gold is engaged in the business of designing and production of various types of gold jewellery.