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Shanti Gold Achieves 15% Premium in BSE and NSE Debut

Backed by an 81× subscription rate, Shanti Gold will invest the ₹360.11 crore proceeds into working capital, a Jaipur facility expansion, debt reduction

Shanti Gold shares deliver a decent listing pop; stock lists at 15% premium
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Overview

  • The company’s shares began trading at ₹229.10 on the BSE and ₹227.55 on the NSE, marking premiums of 15.13% and 14.35% over the ₹199 issue price.
  • The ₹360.11 crore IPO saw total subscription of 81.17 times, led by non-institutional investors at 151.48×, qualified institutions at 117.33× and retail investors at 30.37×.
  • Grey market activity showed a premium of ₹34–35 per share, implying potential listing gains of around 17–18%.
  • Funds raised will support ₹200 crore of working capital needs, build a new manufacturing unit in Jaipur with ₹46.3 crore and prepay ₹17 crore of debt.
  • Founded in Mumbai in 2003, Shanti Gold International produces 22 kt CZ casting jewellery and delivered ₹1,106 crore in FY25 revenue with ₹55.8 crore net profit.